Bemis Company, Inc. (NYSE:BMS)‘s stock had its “sell” rating reissued by stock analysts at Royal Bank of Canada in a research note issued on Thursday.
Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Bemis Company from a “hold” rating to a “sell” rating in a report on Tuesday, March 28th. Citigroup Inc. reissued a “buy” rating on shares of Bemis Company in a report on Friday, April 14th. Credit Suisse Group reissued a “hold” rating and issued a $48.00 price objective on shares of Bemis Company in a report on Friday, April 28th. SunTrust Banks, Inc. downgraded Bemis Company from a “buy” rating to a “hold” rating and decreased their price objective for the company from $55.00 to $49.00 in a report on Friday, April 28th. Finally, Barclays PLC increased their price objective on Bemis Company from $43.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, May 1st. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $46.90.
Shares of Bemis Company (BMS) opened at 46.69 on Thursday. The company has a market capitalization of $4.29 billion, a PE ratio of 19.12 and a beta of 0.91. Bemis Company has a 12-month low of $43.13 and a 12-month high of $53.32. The stock has a 50 day moving average of $45.03 and a 200-day moving average of $47.75.
Bemis Company (NYSE:BMS) last announced its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.07. The business had revenue of $995.40 million during the quarter, compared to analyst estimates of $996.21 million. Bemis Company had a net margin of 5.73% and a return on equity of 19.95%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. Analysts predict that Bemis Company will post $2.55 earnings per share for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of BMS. Thrivent Financial for Lutherans raised its stake in Bemis Company by 8.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,050 shares of the industrial products company’s stock valued at $768,000 after buying an additional 1,220 shares during the period. Prudential Financial Inc. raised its stake in Bemis Company by 6.3% in the first quarter. Prudential Financial Inc. now owns 76,915 shares of the industrial products company’s stock valued at $3,758,000 after buying an additional 4,540 shares during the period. Pacer Advisors Inc. raised its stake in Bemis Company by 14.0% in the first quarter. Pacer Advisors Inc. now owns 11,842 shares of the industrial products company’s stock valued at $579,000 after buying an additional 1,450 shares during the period. Dimensional Fund Advisors LP raised its stake in Bemis Company by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,189,623 shares of the industrial products company’s stock valued at $56,893,000 after buying an additional 33,616 shares during the period. Finally, ProShare Advisors LLC raised its stake in Bemis Company by 35.1% in the first quarter. ProShare Advisors LLC now owns 184,802 shares of the industrial products company’s stock valued at $9,029,000 after buying an additional 47,997 shares during the period. 79.57% of the stock is currently owned by institutional investors.
About Bemis Company
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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