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.
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.
TRADEMARK VIOLATION WARNING: “Bemis (BMS) Upgraded to “B-” by TheStreet” was first published by Week Herald and is the property of of Week Herald. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://weekherald.com/2017/12/15/bemis-bms-upgraded-to-b-by-thestreet.html.
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.
Receive News & Ratings for Bemis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bemis and related companies with MarketBeat.com's FREE daily email newsletter.