Barclays PLC Increases Bemis Company, Inc. (BMS) Price Target to $52.00
Bemis Company, Inc. (NYSE:BMS) had its target price lifted by Barclays PLC from $50.00 to $52.00 in a report released on Monday. Barclays PLC currently has an overweight rating on the industrial products company’s stock.
Other equities research analysts have also recently issued research reports about the company. UBS AG initiated coverage on Bemis in a report on Tuesday, July 25th. They set a buy rating and a $55.00 target price on the stock. TheStreet cut Bemis from a b rating to a c+ rating in a report on Thursday, July 27th. SunTrust Banks, Inc. restated a hold rating and set a $47.00 price objective (down previously from $49.00) on shares of Bemis in a report on Thursday, September 14th. Robert W. Baird restated a hold rating and set a $48.00 price objective on shares of Bemis in a report on Friday, September 1st. Finally, Citigroup Inc. restated a hold rating on shares of Bemis in a report on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Bemis has an average rating of Hold and an average target price of $48.60.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Bemis had a return on equity of 17.83% and a net margin of 4.84%. Bemis’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.64%. Bemis’s dividend payout ratio (DPR) is currently 57.14%.
Several institutional investors and hedge funds have recently modified their holdings of BMS. OppenheimerFunds Inc. raised its position in shares of Bemis by 17.7% in the 1st quarter. OppenheimerFunds Inc. now owns 20,280 shares of the industrial products company’s stock worth $991,000 after buying an additional 3,056 shares during the period. FMR LLC raised its position in shares of Bemis by 692.5% in the 1st quarter. FMR LLC now owns 39,260 shares of the industrial products company’s stock worth $1,918,000 after buying an additional 34,306 shares during the period. Teachers Advisors LLC raised its position in shares of Bemis by 7.2% in the 1st quarter. Teachers Advisors LLC now owns 106,670 shares of the industrial products company’s stock worth $5,212,000 after buying an additional 7,194 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Bemis by 4.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 427,143 shares of the industrial products company’s stock worth $20,871,000 after buying an additional 17,214 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Bemis in the 1st quarter worth $226,000. 75.88% of the stock is currently owned by institutional investors and hedge funds.
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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