TheStreet Downgrades Bemis Company, Inc. (NYSE:BMS) to C+
A number of other brokerages have also issued reports on BMS. BMO Capital Markets reaffirmed a hold rating and issued a $52.00 target price on shares of Bemis in a research report on Wednesday, April 12th. Zacks Investment Research raised Bemis from a sell rating to a hold rating in a research report on Friday, April 7th. Citigroup Inc. reaffirmed a buy rating on shares of Bemis in a research report on Friday, April 14th. BidaskClub lowered Bemis from a hold rating to a sell rating in a research report on Saturday, June 24th. Finally, Royal Bank Of Canada reaffirmed a sell rating on shares of Bemis in a research report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $49.56.
Bemis (NYSE BMS) opened at 42.52 on Thursday. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 19.18 and a beta of 0.91. The firm has a 50-day moving average of $45.98 and a 200 day moving average of $47.34. Bemis has a 52 week low of $42.45 and a 52 week high of $53.10.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.08. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts anticipate that Bemis will post $2.52 EPS for the current year.
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Large investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System increased its stake in shares of Bemis by 0.4% in the first quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the industrial products company’s stock worth $1,138,000 after buying an additional 100 shares during the period. Stonebridge Capital Advisors LLC increased its stake in shares of Bemis by 2.3% in the first quarter. Stonebridge Capital Advisors LLC now owns 4,604 shares of the industrial products company’s stock worth $225,000 after buying an additional 104 shares during the period. Creative Planning increased its stake in shares of Bemis by 1.0% in the first quarter. Creative Planning now owns 12,488 shares of the industrial products company’s stock worth $610,000 after buying an additional 122 shares during the period. World Asset Management Inc increased its stake in shares of Bemis by 1.9% in the first quarter. World Asset Management Inc now owns 6,687 shares of the industrial products company’s stock worth $327,000 after buying an additional 124 shares during the period. Finally, Ffcm LLC increased its stake in shares of Bemis by 4.3% in the first quarter. Ffcm LLC now owns 3,724 shares of the industrial products company’s stock worth $182,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 79.58% of the company’s stock.
Bemis Company Profile
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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