Bemis Co. (NYSE:BMS) has received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $48.50.
A number of equities research analysts recently commented on BMS shares. SunTrust Banks Inc. started coverage on shares of Bemis in a report on Tuesday, July 12th. They issued a “buy” rating and a $60.00 price target on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $52.00 price target on shares of Bemis in a report on Tuesday, August 2nd. Jefferies Group lifted their price target on shares of Bemis from $44.00 to $48.00 and gave the stock a “hold” rating in a report on Thursday, July 14th. Zacks Investment Research cut shares of Bemis from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, Citigroup Inc. lifted their price target on shares of Bemis from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, July 19th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp boosted its position in Bemis by 25.5% in the first quarter. M&T Bank Corp now owns 15,982 shares of the company’s stock valued at $827,000 after buying an additional 3,245 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Bemis during the first quarter valued at about $601,000. JPMorgan Chase & Co. raised its position in shares of Bemis by 66.7% in the first quarter. JPMorgan Chase & Co. now owns 161,076 shares of the company’s stock valued at $8,341,000 after buying an additional 64,434 shares during the period. BlackRock Japan Co. Ltd raised its position in shares of Bemis by 270.6% in the first quarter. BlackRock Japan Co. Ltd now owns 17,715 shares of the company’s stock valued at $917,000 after buying an additional 12,935 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Bemis by 12.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,250,552 shares of the company’s stock valued at $168,314,000 after buying an additional 362,058 shares during the period. 75.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Bemis (NYSE:BMS) opened at 49.99 on Monday. The firm has a 50 day moving average price of $51.14 and a 200-day moving average price of $50.96. Bemis has a one year low of $40.76 and a one year high of $54.19. The firm has a market cap of $4.73 billion, a P/E ratio of 21.35 and a beta of 0.65.
Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Bemis had a net margin of 5.67% and a return on equity of 19.75%. Bemis’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. Analysts forecast that Bemis will post $2.72 earnings per share for the current year.
Bemis Company Profile
Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two business segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents food, consumer and industrial products packaging-related manufacturing operations in the United States. The U.S. Packaging segment manufactures multilayer polymer, blown and cast film structures to produce packaging sold for food and personal care product applications, as well as non-food applications.
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