Bemis Company, Inc. (BMS) Receives Average Recommendation of “Hold” from Analysts
Shares of Bemis Company, Inc. (NYSE:BMS) have received an average rating of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $50.67.
BMS has been the topic of a number of recent analyst reports. Citigroup increased their price objective on Bemis from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, January 7th. Barclays reiterated a “buy” rating on shares of Bemis in a report on Tuesday, January 29th. Finally, ValuEngine upgraded Bemis from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th.
NYSE BMS traded up $0.49 during trading hours on Thursday, hitting $55.11. 1,078,900 shares of the company were exchanged, compared to its average volume of 603,395. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.76 and a quick ratio of 0.88. Bemis has a 52-week low of $40.86 and a 52-week high of $55.20. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.50 and a beta of 0.90.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 20th were issued a $0.32 dividend. The ex-dividend date was Tuesday, February 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.32%. This is an increase from Bemis’s previous quarterly dividend of $0.31. Bemis’s dividend payout ratio is presently 45.88%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new position in Bemis during the 4th quarter worth approximately $27,000. NumerixS Investment Technologies Inc purchased a new position in Bemis during the 4th quarter worth approximately $36,000. Nisa Investment Advisors LLC grew its stake in Bemis by 29.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,380 shares of the industrial products company’s stock worth $201,000 after buying an additional 1,000 shares during the last quarter. Magnus Financial Group LLC purchased a new position in Bemis during the 4th quarter worth approximately $208,000. Finally, MML Investors Services LLC purchased a new position in Bemis during the 3rd quarter worth approximately $233,000. Institutional investors and hedge funds own 73.31% of the company’s stock.
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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