Bemis Co. (BMS) Sees Large Volume Increase
Shares of Bemis Co. (NYSE:BMS) saw unusually-strong trading volume on Monday . Approximately 650,392 shares were traded during trading, a decline of 20% from the previous session’s volume of 816,152 shares.The stock last traded at $52.62 and had previously closed at $53.09.
A number of equities research analysts have weighed in on BMS shares. Zacks Investment Research raised shares of Bemis from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Monday, April 4th. SunTrust Banks Inc. started coverage on shares of Bemis in a research report on Tuesday, July 12th. They issued a “buy” rating and a $60.00 price target on the stock. Barclays PLC boosted their price target on shares of Bemis from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, May 2nd. BMO Capital Markets restated a “hold” rating on shares of Bemis in a research report on Friday, June 10th. Finally, Goldman Sachs Group Inc. restated a “hold” rating on shares of Bemis in a research report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. Bemis currently has an average rating of “Hold” and a consensus price target of $51.50.
The stock’s 50-day moving average price is $51.05 and its 200-day moving average price is $49.63. The company has a market cap of $5.00 billion and a P/E ratio of 21.28.
Bemis (NYSE:BMS) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $967.90 million for the quarter, compared to analyst estimates of $1.01 billion. Bemis’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. Analysts expect that Bemis Co. will post $2.72 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors have modified their holdings of BMS. Schroder Investment Management Group acquired a new position in shares of Bemis during the fourth quarter worth approximately $49,633,000. Vanguard Group Inc. boosted its position in shares of Bemis by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 8,516,549 shares of the company’s stock worth $380,604,000 after buying an additional 240,749 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in shares of Bemis during the fourth quarter worth approximately $1,470,000. IronBridge Capital Management LP boosted its position in shares of Bemis by 15.0% in the fourth quarter. IronBridge Capital Management LP now owns 243,380 shares of the company’s stock worth $10,877,000 after buying an additional 31,760 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Bemis by 2,816.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 27,650 shares of the company’s stock worth $1,236,000 after buying an additional 26,702 shares during the last quarter.
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 manufactures multilayer polymer, blown and cast film structures to produce packaging for food and personal care product applications, as well as non-food applications.
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