Bemis Company, Inc. (NYSE:BMS) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Monday, July 24th.
Several other research analysts have also recently weighed in on BMS. Zacks Investment Research cut Bemis from a “hold” rating to a “sell” rating in a research report on Tuesday, March 28th. BMO Capital Markets reiterated a “hold” rating and set a $52.00 price target on shares of Bemis in a research report on Wednesday, April 12th. Citigroup Inc. reiterated a “buy” rating on shares of Bemis in a research report on Friday, April 14th. Royal Bank Of Canada reduced their price target on Bemis from $46.00 to $41.00 and set an “underperform” rating for the company in a research report on Friday, April 28th. Finally, SunTrust Banks, Inc. cut Bemis from a “buy” rating to a “hold” rating and reduced their price target for the company from $55.00 to $49.00 in a research report on Friday, April 28th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Bemis presently has an average rating of “Hold” and a consensus target price of $49.44.
Bemis (NYSE BMS) opened at 41.73 on Monday. The company has a market capitalization of $3.79 billion, a P/E ratio of 18.82 and a beta of 0.90. Bemis has a 52 week low of $41.20 and a 52 week high of $53.10. The company’s 50 day moving average price is $45.10 and its 200-day moving average price is $46.83.
Bemis (NYSE:BMS) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.08. The company had revenue of $1.01 billion for 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 revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 earnings per share. Equities research analysts expect that Bemis will post $2.37 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.com-unik.info/2017/08/12/bemis-company-inc-bms-downgraded-to-strong-sell-at-bidaskclub-updated-updated.html.
Several hedge funds have recently modified their holdings of BMS. Prudential Financial Inc. raised its stake in shares of Bemis by 6.3% in the first quarter. Prudential Financial Inc. now owns 76,915 shares of the industrial products company’s stock worth $3,758,000 after buying an additional 4,540 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Bemis by 8.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,050 shares of the industrial products company’s stock worth $768,000 after buying an additional 1,220 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Bemis by 14.0% in the first quarter. Pacer Advisors Inc. now owns 11,842 shares of the industrial products company’s stock worth $579,000 after buying an additional 1,450 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Bemis by 35.1% in the first quarter. ProShare Advisors LLC now owns 184,802 shares of the industrial products company’s stock worth $9,029,000 after buying an additional 47,997 shares in the last quarter. Finally, Dean Investment Associates LLC raised its stake in shares of Bemis by 31.4% in the first quarter. Dean Investment Associates LLC now owns 14,507 shares of the industrial products company’s stock worth $709,000 after buying an additional 3,469 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.
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.
What are top analysts saying about Bemis Company Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bemis Company Inc. and related companies.