Bemis (BMS) Now Covered by Jefferies Group

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.

Bemis (NYSE:BMS) last posted its earnings results on Thursday, April 26th. The industrial products company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. Bemis had a net margin of 2.22% and a return on equity of 17.91%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. sell-side analysts forecast that Bemis will post 2.8 earnings per share for the current year.

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.

The Fly

Analyst Recommendations for Bemis (NYSE:BMS)

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