Shares of Bemis Company, Inc. (NYSE:BMS) have been given an average rating of “Hold” by the twelve analysts that are covering the company. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $43.63.
A number of research analysts recently commented on BMS shares. Royal Bank of Canada reduced their price target on Bemis Company from $46.00 to $41.00 and set an “underperform” rating for the company in a report on Friday, April 28th. SunTrust Banks, Inc. cut Bemis Company from a “buy” rating to a “hold” rating and cut their price objective for the company from $55.00 to $49.00 in a research note on Friday, April 28th. Jefferies Group LLC cut their price objective on Bemis Company from $46.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, May 2nd. Deutsche Bank AG cut their price objective on Bemis Company from $52.00 to $48.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Finally, BMO Capital Markets restated a “hold” rating and set a $52.00 price objective on shares of Bemis Company in a research note on Wednesday, April 12th.
In other news, insider James W. Ransom sold 20,000 shares of the stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $49.21, for a total transaction of $984,200.00. Following the sale, the insider now directly owns 75,401 shares in the company, valued at approximately $3,710,483.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. TD Asset Management Inc. boosted its stake in shares of Bemis Company by 33.2% in the third quarter. TD Asset Management Inc. now owns 5,749 shares of the industrial products company’s stock worth $293,000 after buying an additional 1,434 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Bemis Company by 112.3% in the third quarter. NEXT Financial Group Inc now owns 9,240 shares of the industrial products company’s stock worth $471,000 after buying an additional 4,887 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Bemis Company during the third quarter worth $732,000. Kornitzer Capital Management Inc. KS bought a new stake in shares of Bemis Company during the third quarter worth $14,866,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Bemis Company during the third quarter worth $328,000. Institutional investors and hedge funds own 77.77% of the company’s stock.
Shares of Bemis Company (NYSE:BMS) opened at 43.81 on Monday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 17.94 and a beta of 0.90. Bemis Company has a 12 month low of $43.13 and a 12 month high of $53.32. The stock’s 50 day moving average price is $46.74 and its 200 day moving average price is $48.56.
Bemis Company (NYSE:BMS) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.07. The business had revenue of $995.40 million during the quarter, compared to analysts’ expectations of $996.21 million. Bemis Company had a net margin of 5.90% and a return on equity of 20.33%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 EPS. Equities research analysts predict that Bemis Company will post $2.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Monday, May 15th. Bemis Company’s payout ratio is 46.77%.
Bemis Company 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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