Shares of Bemis Company, Inc. (NYSE:BMS) have received a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $48.73.
BMS has been the topic of several recent research reports. Zacks Investment Research downgraded Bemis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Credit Suisse Group upped their price objective on Bemis from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. TheStreet upgraded Bemis from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. SunTrust Banks restated a “hold” rating and issued a $46.00 price objective on shares of Bemis in a research report on Wednesday, January 31st. Finally, Bank of America upgraded Bemis from an “underperform” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Monday, April 2nd.
Bemis stock opened at $43.63 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 0.93 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $3,969.26, a price-to-earnings ratio of 18.26, a PEG ratio of 2.22 and a beta of 0.84. Bemis has a fifty-two week low of $40.60 and a fifty-two week high of $50.47.
Bemis (NYSE:BMS) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $978.34 million. Bemis had a return on equity of 17.52% and a net margin of 2.32%. Bemis’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. equities analysts predict that Bemis will post 2.81 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BMS. Green Square Capital LLC raised its holdings in shares of Bemis by 244.7% in the 4th quarter. Green Square Capital LLC now owns 15,919 shares of the industrial products company’s stock worth $761,000 after purchasing an additional 11,301 shares during the period. Elkfork Partners LLC purchased a new position in shares of Bemis in the 4th quarter worth about $5,477,000. Xact Kapitalforvaltning AB purchased a new position in shares of Bemis in the 4th quarter worth about $395,000. BRYN MAWR TRUST Co raised its holdings in shares of Bemis by 2.8% in the 4th quarter. BRYN MAWR TRUST Co now owns 112,883 shares of the industrial products company’s stock worth $5,394,000 after purchasing an additional 3,123 shares during the period. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Bemis by 41.0% in the 4th quarter. Segall Bryant & Hamill LLC now owns 575,520 shares of the industrial products company’s stock worth $27,504,000 after purchasing an additional 167,370 shares during the period. Hedge funds and other institutional investors own 77.47% of the company’s stock.
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Bemis Company Profile
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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