Bemis Company, Inc. (NYSE:BMS) has received an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $50.00.
Several brokerages have issued reports on BMS. BMO Capital Markets restated a “hold” rating and issued a $52.00 target price on shares of Bemis in a report on Wednesday, April 12th. Zacks Investment Research upgraded Bemis from a “sell” rating to a “hold” rating in a report on Monday, April 17th. Citigroup Inc. restated a “buy” rating on shares of Bemis in a report on Friday, April 14th. BidaskClub cut Bemis from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Finally, Royal Bank Of Canada restated a “sell” rating on shares of Bemis in a report on Thursday, July 6th.
Shares of Bemis (NYSE BMS) traded down 0.59% during mid-day trading on Friday, reaching $42.48. The company had a trading volume of 478,557 shares. Bemis has a 1-year low of $41.95 and a 1-year high of $53.10. The company has a market capitalization of $3.86 billion, a PE ratio of 19.16 and a beta of 0.90. The stock’s 50-day moving average price is $45.55 and its 200 day moving average price is $47.11.
Bemis (NYSE:BMS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 earnings per share. Equities analysts expect that Bemis will post $2.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday, August 15th. Bemis’s dividend payout ratio (DPR) is presently 54.30%.
Several institutional investors have recently made changes to their positions in BMS. Advisory Services Network LLC acquired a new position in shares of Bemis during the first quarter valued at approximately $116,000. NEXT Financial Group Inc raised its position in shares of Bemis by 31.3% in the second quarter. NEXT Financial Group Inc now owns 2,935 shares of the industrial products company’s stock valued at $136,000 after buying an additional 700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Bemis by 33.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the industrial products company’s stock valued at $165,000 after buying an additional 846 shares during the period. Ffcm LLC raised its position in Bemis by 4.3% in the first quarter. Ffcm LLC now owns 3,724 shares of the industrial products company’s stock valued at $182,000 after buying an additional 154 shares during the last quarter. Finally, Americafirst Capital Management LLC purchased a new position in Bemis during the first quarter valued at about $202,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.
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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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