Analysts Set Bemis Company, Inc. (BMS) Price Target at $49.67
Bemis Company, Inc. (NYSE:BMS) has been assigned an average rating of “Hold” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $49.67.
A number of brokerages have recently weighed in on BMS. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $47.00 price objective (down from $49.00) on shares of Bemis in a research report on Thursday, September 14th. BidaskClub lowered Bemis from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 price objective (up from $40.00) on shares of Bemis in a research report on Friday, July 14th. Royal Bank Of Canada reiterated a “sell” rating on shares of Bemis in a research report on Thursday, July 6th. Finally, UBS AG began coverage on Bemis in a research report on Tuesday, July 25th. They issued a “buy” rating and a $55.00 price objective on the stock.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in BMS. BlackRock Inc. lifted its stake in shares of Bemis by 4,921.3% in the 1st quarter. BlackRock Inc. now owns 8,605,872 shares of the industrial products company’s stock valued at $420,485,000 after purchasing an additional 8,434,484 shares during the period. Marshall Wace North America L.P. lifted its stake in shares of Bemis by 1,361.1% in the 2nd quarter. Marshall Wace North America L.P. now owns 666,999 shares of the industrial products company’s stock valued at $30,682,000 after purchasing an additional 621,350 shares during the period. Vanguard Group Inc. lifted its stake in shares of Bemis by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 8,464,812 shares of the industrial products company’s stock valued at $413,591,000 after purchasing an additional 445,901 shares during the period. State Street Corp lifted its stake in shares of Bemis by 7.2% in the 1st quarter. State Street Corp now owns 6,241,068 shares of the industrial products company’s stock valued at $304,943,000 after purchasing an additional 419,542 shares during the period. Finally, Epoch Investment Partners Inc. lifted its stake in shares of Bemis by 531.2% in the 1st quarter. Epoch Investment Partners Inc. now owns 337,733 shares of the industrial products company’s stock valued at $16,502,000 after purchasing an additional 284,224 shares during the period. Institutional investors own 75.65% of the company’s stock.
Shares of Bemis (BMS) traded down 0.75% during mid-day trading on Wednesday, reaching $46.20. The company had a trading volume of 100,737 shares. The firm has a market capitalization of $4.20 billion, a PE ratio of 20.84 and a beta of 0.90. Bemis has a 12-month low of $40.60 and a 12-month high of $51.98. The stock has a 50 day moving average price of $45.88 and a 200 day moving average price of $45.46.
Bemis (NYSE:BMS) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.08). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. Bemis had a return on equity of 18.53% and a net margin of 5.18%. Bemis’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 earnings per share. On average, equities analysts forecast that Bemis will post $2.37 earnings per share for the current year.
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.
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