Research Analysts’ Weekly Ratings Changes for Bemis (BMS)

Several brokerages have updated their recommendations and price targets on shares of Bemis (NYSE: BMS) in the last few weeks:

  • 8/15/2018 – Bemis was upgraded by analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating. They now have a $46.00 price target on the stock, up previously from $44.00.
  • 8/7/2018 – Bemis was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a $54.00 price target on the stock.
  • 8/7/2018 – Bemis had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $54.00 price target on the stock.
  • 8/6/2018 – Bemis had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $57.00 price target on the stock, up previously from $48.00.
  • 7/30/2018 – Bemis had its price target raised by analysts at Barclays PLC from $52.00 to $55.00. They now have an “overweight” rating on the stock.
  • 7/26/2018 – Bemis was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 7/2/2018 – Bemis was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Bemis provided earnings per share outlook of $2.75-$2.90 for 2018. The company will witness material price inflation of 2-3% globally in 2018. Further, increase in SG&A expenses, rising interest expense on revolving credit facility and restructuring charges will mar results. Challenging economic environment in Brazil also remains a headwind. Moreover, Bemis has underperformed the industry over the past year.”
  • 6/26/2018 – Bemis was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Bemis provided earnings per share outlook of $2.75-$2.90 for 2018. The company will witness material price inflation of 2-3% globally in 2018. Further, increase in SG&A expenses, rising interest expense on revolving credit facility and restructuring charges will mar results. Challenging economic environment in Brazil also remains a headwind. Moreover, Bemis has underperformed the industry over the past year.”

BMS traded up $0.44 on Thursday, reaching $49.75. 468,455 shares of the company’s stock were exchanged, compared to its average volume of 719,699. The company has a market cap of $4.54 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.55 and a beta of 0.87. Bemis Company, Inc. has a twelve month low of $40.60 and a twelve month high of $53.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.94 and a current ratio of 1.86.

Bemis (NYSE:BMS) last posted its earnings results on Thursday, July 26th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. Bemis had a net margin of 2.66% and a return on equity of 19.70%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. sell-side analysts predict that Bemis Company, Inc. will post 2.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Thursday, August 16th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, August 15th. Bemis’s dividend payout ratio (DPR) is presently 51.88%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its position in Bemis by 3.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 35,415 shares of the industrial products company’s stock worth $1,495,000 after purchasing an additional 1,023 shares in the last quarter. OppenheimerFunds Inc. increased its position in Bemis by 3.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 28,009 shares of the industrial products company’s stock worth $1,182,000 after purchasing an additional 1,042 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Bemis by 24.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,481 shares of the industrial products company’s stock worth $231,000 after acquiring an additional 1,075 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in Bemis by 10.5% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 12,660 shares of the industrial products company’s stock worth $534,000 after acquiring an additional 1,200 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in Bemis by 1.4% in the 1st quarter. Hsbc Holdings PLC now owns 89,950 shares of the industrial products company’s stock worth $3,914,000 after acquiring an additional 1,268 shares during the period. 76.32% of the stock is owned by hedge funds and other institutional investors.

Bemis Company, Inc manufactures and sells packaging products in the United States, Brazil, other Americas, Europe, and the Asia-Pacific. It operates through three segments: U.S. Packaging, Latin America Packaging, and Rest of World Packaging. The company offers multilayer polymer, blown, and cast film structures; and injection molded plastic, thermoformed plastic, and folding carton packaging products.

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