BidaskClub Downgrades Bemis Company, Inc. (BMS) to Strong Sell

Bemis Company, Inc. (NYSE:BMS) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Monday, July 24th.

BMS has been the subject of a number of other research reports. Zacks Investment Research raised Bemis from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. Barclays PLC lifted their price objective on Bemis from $43.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, May 1st. BMO Capital Markets reissued a “hold” rating and set a $48.00 price objective on shares of Bemis in a research report on Friday, June 2nd. Credit Suisse Group reissued a “hold” rating and set a $48.00 price objective on shares of Bemis in a research report on Friday, April 28th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Bemis in a research report on Friday, April 14th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Bemis presently has a consensus rating of “Hold” and a consensus target price of $49.44.

Shares of Bemis (NYSE:BMS) traded down 0.14% during midday trading on Monday, reaching $41.94. The company’s stock had a trading volume of 726,184 shares. Bemis has a 52 week low of $41.20 and a 52 week high of $53.10. The stock has a market capitalization of $3.81 billion, a PE ratio of 18.92 and a beta of 0.90. The stock has a 50-day moving average price of $44.40 and a 200 day moving average price of $46.54.

Bemis (NYSE:BMS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Bemis had a return on equity of 18.53% and a net margin of 5.18%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. Equities analysts forecast that Bemis will post $2.37 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This report was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2017/08/19/bemis-company-inc-bms-downgraded-to-strong-sell-at-bidaskclub-updated-updated-updated.html.

A number of institutional investors have recently bought and sold shares of the stock. First Manhattan Co. raised its position in Bemis by 8.4% in the first quarter. First Manhattan Co. now owns 15,560 shares of the industrial products company’s stock valued at $793,000 after buying an additional 1,200 shares during the period. BTIM Corp. raised its position in Bemis by 672.9% in the first quarter. BTIM Corp. now owns 562,126 shares of the industrial products company’s stock valued at $27,466,000 after buying an additional 489,400 shares during the period. Nationwide Fund Advisors raised its position in Bemis by 9.7% in the first quarter. Nationwide Fund Advisors now owns 263,013 shares of the industrial products company’s stock valued at $12,851,000 after buying an additional 23,222 shares during the period. Retirement Systems of Alabama raised its position in Bemis by 5.9% in the first quarter. Retirement Systems of Alabama now owns 236,389 shares of the industrial products company’s stock valued at $11,550,000 after buying an additional 13,138 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in Bemis by 0.4% in the first quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the industrial products company’s stock valued at $1,138,000 after buying an additional 100 shares during the period. Institutional investors own 80.34% of the company’s stock.

Bemis Company Profile

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)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit