Research analysts at Jefferies Group initiated coverage on shares of Bemis (NYSE:BMS) in a report issued on Friday, The Fly reports. The brokerage set a “hold” rating on the industrial products company’s stock.
A number of other equities research analysts also recently issued reports on the stock. ValuEngine downgraded shares of Bemis from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. TheStreet raised shares of Bemis from a “c” rating to a “b-” rating in a research report on Thursday, April 26th. KeyCorp reissued a “hold” rating on shares of Bemis in a research report on Thursday, April 26th. Zacks Investment Research downgraded shares of Bemis from a “buy” rating to a “hold” rating in a research report on Monday, April 9th. Finally, Citigroup cut their price objective on shares of Bemis from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, April 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $48.80.
NYSE:BMS opened at $43.00 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.88 and a debt-to-equity ratio of 1.25. Bemis has a 12 month low of $41.95 and a 12 month high of $42.52. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 2.17 and a beta of 0.85.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MAI Capital Management purchased a new position in shares of Bemis during the 4th quarter valued at $204,000. Institutional & Family Asset Management LLC purchased a new position in shares of Bemis during the 1st quarter valued at $196,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Bemis by 28.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,009 shares of the industrial products company’s stock valued at $239,000 after buying an additional 1,118 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Bemis during the 1st quarter valued at $230,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Bemis during the 4th quarter valued at $253,000. Institutional investors own 77.79% of the company’s stock.
Bemis Company Profile
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 plastic, thermoformed plastic, and folding carton packaging products.
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