Shares of Bemis Company, Inc. (NYSE:BMS) have earned a consensus rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $50.80.

Several research firms have recently issued reports on BMS. Zacks Investment Research lowered Bemis from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. BMO Capital Markets lowered Bemis from an “outperform” rating to a “market perform” rating in a research report on Sunday, April 7th. ValuEngine upgraded 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. Finally, Citigroup lifted their target price on Bemis from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, January 7th.

Shares of NYSE:BMS traded down $0.03 during midday trading on Monday, hitting $56.90. The company had a trading volume of 131 shares, compared to its average volume of 793,827. Bemis has a 12 month low of $40.86 and a 12 month high of $56.97. The company has a quick ratio of 0.88, a current ratio of 1.76 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $5.12 billion, a P/E ratio of 20.34, a P/E/G ratio of 2.56 and a beta of 0.90.

Bemis (NYSE:BMS) last posted its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. Bemis had a return on equity of 21.20% and a net margin of 5.27%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $980.04 million. As a group, equities research analysts expect that Bemis will post 2.99 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. Riverview Trust Co acquired a new stake in shares of Bemis in the 4th quarter worth about $27,000. NumerixS Investment Technologies Inc purchased a new position in Bemis in the 4th quarter worth about $36,000. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in Bemis during the 1st quarter valued at about $228,000. Private Trust Co. NA purchased a new position in Bemis during the 1st quarter valued at about $238,000. Finally, Nisa Investment Advisors LLC increased its position 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 valued at $201,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 73.28% 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.

See Also: Bear Market

Analyst Recommendations for Bemis (NYSE:BMS)

Receive News & Ratings for Bemis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bemis and related companies with MarketBeat.com's FREE daily email newsletter.