Bemis’ (NYSE:BMS) Hold Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC restated their hold rating on shares of Bemis Company, Inc. (NYSE:BMS) in a research report report published on Friday morning. They currently have a $45.00 price target on the industrial products company’s stock, up from their prior price target of $40.00.

A number of other brokerages have also issued reports on BMS. Royal Bank Of Canada reissued a sell rating on shares of Bemis in a research note on Thursday, July 6th. Zacks Investment Research raised Bemis from a strong sell rating to a hold rating in a research note on Tuesday, June 27th. Barclays PLC raised Bemis from an equal weight rating to an overweight rating and raised their price target for the stock from $43.00 to $54.00 in a research note on Tuesday, June 27th. BidaskClub lowered Bemis from a hold rating to a sell rating in a research note on Saturday, June 24th. Finally, BMO Capital Markets raised Bemis from a market perform rating to an outperform rating and raised their price target for the stock from $48.00 to $52.00 in a research note on Thursday, June 22nd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $47.40.

Bemis (NYSE:BMS) traded down 0.04% during midday trading on Friday, hitting $46.26. The stock had a trading volume of 426,780 shares. The firm has a 50 day moving average of $45.03 and a 200 day moving average of $47.75. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 18.94 and a beta of 0.91. Bemis has a 52 week low of $43.13 and a 52 week high of $53.32.

Bemis (NYSE:BMS) last announced its earnings results on Thursday, April 27th. The industrial products company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.07. The company had revenue of $995.40 million during the quarter, compared to analysts’ expectations of $996.21 million. Bemis had a return on equity of 19.95% and a net margin of 5.73%. Bemis’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. Equities research analysts predict that Bemis will post $2.54 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its position in Bemis by 0.4% in the first quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the industrial products company’s stock valued at $1,138,000 after buying an additional 100 shares during the last quarter. Stonebridge Capital Advisors LLC raised its position in Bemis by 2.3% in the first quarter. Stonebridge Capital Advisors LLC now owns 4,604 shares of the industrial products company’s stock valued at $225,000 after buying an additional 104 shares during the last quarter. Creative Planning raised its position in Bemis by 1.0% in the first quarter. Creative Planning now owns 12,488 shares of the industrial products company’s stock valued at $610,000 after buying an additional 122 shares during the last quarter. World Asset Management Inc raised its position in Bemis by 1.9% in the first quarter. World Asset Management Inc now owns 6,687 shares of the industrial products company’s stock valued at $327,000 after buying an additional 124 shares during the last quarter. Finally, Ffcm LLC raised its position in Bemis by 4.3% in the first quarter. Ffcm LLC now owns 3,724 shares of the industrial products company’s stock valued at $182,000 after buying an additional 154 shares during the last quarter. 79.59% of the stock is owned by hedge funds and other institutional investors.

Bemis Company Profile

Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States, as well as global medical device and pharmaceutical packaging-related manufacturing operations.

Analyst Recommendations for Bemis (NYSE:BMS)

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