Bemis (BMS) Upgraded to “B-” by TheStreet

TheStreet upgraded shares of Bemis (NYSE:BMS) from a c+ rating to a b- rating in a research report released on Wednesday morning.

BMS has been the topic of several other research reports. Citigroup reaffirmed a hold rating on shares of Bemis in a research note on Thursday, August 31st. Robert W. Baird reaffirmed a hold rating and set a $48.00 target price on shares of Bemis in a research note on Friday, September 1st. SunTrust Banks reaffirmed a hold rating and set a $47.00 target price (down previously from $49.00) on shares of Bemis in a research note on Thursday, September 14th. Bank of America raised Bemis from an underperform rating to a neutral rating and lifted their target price for the company from $46.00 to $51.00 in a research note on Friday, September 15th. Finally, KeyCorp reissued a hold rating on shares of Bemis in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $48.60.

Shares of Bemis (NYSE BMS) traded down $0.76 during trading on Wednesday, reaching $46.50. 510,100 shares of the company’s stock traded hands, compared to its average volume of 830,328. The company has a current ratio of 1.80, a quick ratio of 0.91 and a debt-to-equity ratio of 1.20. Bemis has a 12-month low of $40.60 and a 12-month high of $51.98. The company has a market capitalization of $4,291.44, a PE ratio of 19.45, a PEG ratio of 2.85 and a beta of 0.96.

Bemis (NYSE:BMS) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. Bemis had a net margin of 4.84% and a return on equity of 17.83%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the business earned $0.75 earnings per share. Bemis’s revenue for the quarter was up .8% compared to the same quarter last year. equities research analysts anticipate that Bemis will post 2.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a $0.30 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.58%. Bemis’s dividend payout ratio (DPR) is currently 57.14%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. North Star Asset Management Inc. lifted its holdings in Bemis by 39.0% in the 3rd quarter. North Star Asset Management Inc. now owns 27,818 shares of the industrial products company’s stock worth $1,359,000 after purchasing an additional 7,800 shares during the last quarter. LSV Asset Management lifted its holdings in Bemis by 5.3% in the 2nd quarter. LSV Asset Management now owns 700,400 shares of the industrial products company’s stock worth $32,393,000 after purchasing an additional 35,200 shares during the last quarter. LaSalle Street Capital Management LLC acquired a new stake in Bemis in the 3rd quarter worth approximately $421,000. Riverhead Capital Management LLC lifted its holdings in Bemis by 225.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 88,478 shares of the industrial products company’s stock worth $4,092,000 after purchasing an additional 61,278 shares during the last quarter. Finally, Nuance Investments LLC lifted its holdings in Bemis by 22.5% in the 3rd quarter. Nuance Investments LLC now owns 158,085 shares of the industrial products company’s stock worth $7,204,000 after purchasing an additional 29,061 shares during the last quarter. Hedge funds and other institutional investors own 75.89% of the company’s stock.

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About Bemis

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.

Analyst Recommendations for Bemis (NYSE:BMS)

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