Latest Stocks: Bemis Company, Inc. (BMS) Stock Rating Reaffirmed by BMO Capital Markets

Latest Stocks: Bemis Company, Inc. (BMS) Stock Rating Reaffirmed by BMO Capital Markets

Bemis Company, Inc. (NYSE:BMS)‘s stock had its “hold” rating reiterated by research analysts at BMO Capital Markets in a research note issued on Friday. They currently have a $48.00 price target on the industrial products company’s stock. BMO Capital Markets’ price target suggests a potential upside of 7.94% from the company’s current price.

Several other equities analysts have also issued reports on BMS. Barclays PLC reiterated a “hold” rating and set a $43.00 target price on shares of Bemis Company in a report on Tuesday, May 2nd. Credit Suisse Group AG set a $51.00 target price on shares of Bemis Company and gave the company a “hold” rating in a report on Thursday, February 16th. Royal Bank of Canada lowered their target price on shares of Bemis Company from $46.00 to $41.00 and set an “underperform” rating for the company in a report on Friday, April 28th. Jefferies Group LLC lowered their target price on shares of Bemis Company from $46.00 to $40.00 and set a “hold” rating for the company in a report on Tuesday, May 2nd. Finally, Deutsche Bank AG lowered their target price on shares of Bemis Company from $52.00 to $48.00 and set a “hold” rating for the company in a report on Friday, April 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $45.40.

Shares of Bemis Company (NYSE BMS) opened at 44.47 on Friday. The stock has a market capitalization of $4.09 billion, a P/E ratio of 18.21 and a beta of 0.90. The stock has a 50 day moving average price of $45.66 and a 200 day moving average price of $48.29. Bemis Company has a 52 week low of $43.13 and a 52 week high of $53.32.

Bemis Company (NYSE:BMS) last released its earnings results on Thursday, April 27th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.07. Bemis Company had a net margin of 5.90% and a return on equity of 20.33%. The business had revenue of $995.40 million for the quarter, compared to analysts’ expectations of $996.21 million. During the same quarter in the previous year, the business posted $0.60 earnings per share. Bemis Company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Bemis Company will post $2.55 EPS for the current year. The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Wednesday, May 17th were issued a $0.30 dividend. The ex-dividend date was Monday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.70%. Bemis Company’s payout ratio is currently 46.77%.

A number of institutional investors have recently made changes to their positions in BMS. Thrivent Financial for Lutherans raised its position in shares of Bemis Company 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 during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Bemis Company by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,189,623 shares of the industrial products company’s stock worth $56,893,000 after buying an additional 33,616 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Bemis Company 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 during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Bemis Company during the fourth quarter worth $1,735,000. Finally, ProShare Advisors LLC raised its position in shares of Bemis Company 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 during the last quarter. Institutional investors own 77.77% of the company’s stock. About Bemis Company

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