Shares of Bemis Company, Inc. (NYSE:BMS) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $49.22.
Several equities analysts recently issued reports on the company. TheStreet cut Bemis from a “b-” rating to a “c” rating in a research note on Thursday, February 1st. Bank of America raised their price objective on Bemis from $52.00 to $53.00 and gave the stock an “underperform” rating in a research note on Friday, February 2nd. Credit Suisse Group raised their price objective on Bemis from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. SunTrust Banks restated a “hold” rating and set a $46.00 price objective on shares of Bemis in a research note on Wednesday, January 31st. Finally, Zacks Investment Research cut Bemis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th.
Hedge funds and other institutional investors have recently modified their holdings of the business. MAI Capital Management acquired a new stake in Bemis in the fourth quarter worth $204,000. Private Trust Co. NA acquired a new stake in Bemis in the fourth quarter worth $205,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Bemis by 28.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,009 shares of the industrial products company’s stock worth $239,000 after buying an additional 1,118 shares during the period. State of Alaska Department of Revenue acquired a new stake in Bemis in the fourth quarter worth $253,000. Finally, Investors Research Corp acquired a new stake in Bemis in the fourth quarter worth $256,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.
Bemis (NYSE:BMS) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Bemis had a return on equity of 17.52% and a net margin of 2.32%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $978.34 million. During the same period last year, the business posted $0.67 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. analysts predict that Bemis will post 2.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.61%. The ex-dividend date was Friday, February 16th. Bemis’s dividend payout ratio is presently 121.57%.
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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