UBS Group set a $49.00 target price on Bemis (NYSE:BMS) in a report released on Friday morning, www.stocktargetadvisor.com reports. The firm currently has a hold rating on the industrial products company’s stock.
BMS has been the topic of a number of other research reports. Jefferies Financial Group restated a hold rating and issued a $54.00 price target on shares of Bemis in a research report on Tuesday, August 7th. Zacks Investment Research cut Bemis from a hold rating to a sell rating in a research report on Monday, October 8th. Robert W. Baird restated a hold rating and issued a $57.00 price target (up previously from $48.00) on shares of Bemis in a research report on Monday, August 6th. Barclays raised their price target on Bemis from $52.00 to $55.00 and gave the stock an overweight rating in a research report on Monday, July 30th. Finally, Royal Bank of Canada upgraded Bemis from an underperform rating to a sector perform rating and raised their price target for the stock from $44.00 to $46.00 in a research report on Wednesday, August 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $49.50.
BMS stock opened at $44.92 on Friday. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.28 and a beta of 0.92. Bemis has a fifty-two week low of $40.86 and a fifty-two week high of $53.00.
Several hedge funds and other institutional investors have recently modified their holdings of BMS. Starboard Value LP boosted its stake in Bemis by 48.7% in the second quarter. Starboard Value LP now owns 2,959,487 shares of the industrial products company’s stock valued at $124,920,000 after buying an additional 969,737 shares in the last quarter. Natixis acquired a new stake in Bemis in the second quarter valued at about $1,162,000. BlackRock Inc. boosted its stake in Bemis by 2.6% in the second quarter. BlackRock Inc. now owns 8,323,221 shares of the industrial products company’s stock valued at $351,323,000 after buying an additional 207,107 shares in the last quarter. North Star Asset Management Inc. boosted its stake in Bemis by 2.0% in the second quarter. North Star Asset Management Inc. now owns 675,979 shares of the industrial products company’s stock valued at $28,533,000 after buying an additional 13,150 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Bemis in the second quarter valued at about $7,379,000. Institutional investors own 76.74% 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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