Bemis (BMS) Given a $49.00 Price Target at UBS Group

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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.

Bemis (NYSE:BMS) last posted its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. Bemis had a return on equity of 20.61% and a net margin of 2.72%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. As a group, equities analysts expect that Bemis will post 2.8 EPS for the current fiscal year.

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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Analyst Recommendations for Bemis (NYSE:BMS)

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