Bemis Company, Inc. (BMS) Receives $50.80 Average PT from Brokerages

Bemis Company, Inc. (NYSE:BMS) has received a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $50.80.

Several equities analysts have recently commented on the stock. ValuEngine upgraded shares of Bemis from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Barclays reiterated a “buy” rating on shares of Bemis in a report on Tuesday, January 29th. Zacks Investment Research upgraded shares of Bemis from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Tuesday, April 2nd. Finally, BMO Capital Markets cut shares of Bemis from an “outperform” rating to a “market perform” rating in a report on Sunday, April 7th.

Shares of Bemis stock traded down $0.24 on Friday, hitting $57.90. 631 shares of the company traded hands, compared to its average volume of 1,067,895. The company has a quick ratio of 0.97, a current ratio of 1.93 and a debt-to-equity ratio of 1.12. Bemis has a 12-month low of $40.86 and a 12-month high of $59.85. The stock has a market cap of $5.26 billion, a P/E ratio of 20.78, a P/E/G ratio of 2.63 and a beta of 0.91.

Bemis (NYSE:BMS) last posted its quarterly earnings results on Monday, April 22nd. The industrial products company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. Bemis had a net margin of 5.62% and a return on equity of 21.46%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company posted $0.63 EPS. Bemis’s revenue was down 2.5% on a year-over-year basis. On average, equities research analysts expect that Bemis will post 2.99 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Monday, April 29th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Friday, April 26th. Bemis’s dividend payout ratio is presently 45.88%.

Large investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System lifted its position in Bemis by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 24,400 shares of the industrial products company’s stock worth $1,354,000 after acquiring an additional 200 shares during the last quarter. Coastline Trust Co lifted its position in Bemis by 0.5% during the 4th quarter. Coastline Trust Co now owns 45,010 shares of the industrial products company’s stock worth $2,066,000 after acquiring an additional 220 shares during the last quarter. Creative Planning lifted its position in Bemis by 1.3% during the 1st quarter. Creative Planning now owns 22,238 shares of the industrial products company’s stock worth $1,234,000 after acquiring an additional 294 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Bemis by 7.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,099 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 411 shares during the last quarter. Finally, American International Group Inc. lifted its position in Bemis by 0.3% during the 4th quarter. American International Group Inc. now owns 185,511 shares of the industrial products company’s stock worth $8,515,000 after acquiring an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 73.45% of the company’s stock.

About Bemis

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 and thermoformed plastic packaging products.

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Analyst Recommendations for Bemis (NYSE:BMS)

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