Bemis (NYSE:BMS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Bemis lowered its 2017 adjusted earnings per share guidance due to lower unit volume projections as well as expected hurricane-related impact in the fourth quarter. Further, its performance is expected to be impacted by the escalating raw material prices due to hurricanes. The company remains concerned on tough economic environment in Brazil and declining U.S. packaged food market. Restructuring expenses will also drag Bemis’ profit in the near term. Its estimates have been going down over the past two months. The company underperformed its industry over the last year.”

A number of other analysts have also issued reports on BMS. Citigroup reaffirmed a “hold” rating on shares of Bemis in a research report on Thursday, August 31st. Robert W. Baird reaffirmed a “hold” rating and set a $48.00 target price on shares of Bemis in a research report on Friday, September 1st. SunTrust Banks reaffirmed a “hold” rating and set a $47.00 target price (down from $49.00) on shares of Bemis in a research report on Thursday, September 14th. Bank of America raised Bemis from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $46.00 to $51.00 in a research report on Friday, September 15th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Bemis in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Bemis currently has a consensus rating of “Hold” and an average target price of $48.60.

Bemis (BMS) opened at $47.54 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.80 and a quick ratio of 0.91. Bemis has a 52-week low of $40.60 and a 52-week high of $51.98. The company has a market capitalization of $4,300.00, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.96.

Bemis (NYSE:BMS) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. Bemis had a return on equity of 17.83% and a net margin of 4.84%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company posted $0.75 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. equities research analysts anticipate that Bemis will post 2.37 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC increased its holdings in Bemis by 0.7% in the second quarter. IHT Wealth Management LLC now owns 731 shares of the industrial products company’s stock valued at $211,000 after buying an additional 5 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Bemis by 6.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock valued at $165,000 after buying an additional 201 shares during the last quarter. Ffcm LLC increased its holdings in Bemis by 6.4% in the second quarter. Ffcm LLC now owns 3,962 shares of the industrial products company’s stock valued at $183,000 after buying an additional 238 shares during the last quarter. Cadence Capital Management LLC increased its holdings in Bemis by 3.2% in the second quarter. Cadence Capital Management LLC now owns 12,494 shares of the industrial products company’s stock valued at $578,000 after buying an additional 388 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in Bemis by 2.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 16,347 shares of the industrial products company’s stock valued at $842,000 after buying an additional 415 shares during the last quarter. 75.87% of the stock is owned by hedge funds and other institutional investors.

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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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