Analysts Set Bemis Company, Inc. (BMS) Price Target at $48.89
Shares of Bemis Company, Inc. (NYSE:BMS) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $48.89.
Several analysts have recently weighed in on BMS shares. Citigroup dropped their price objective on shares of Bemis from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, April 5th. SunTrust Banks reaffirmed a “hold” rating and set a $46.00 price objective on shares of Bemis in a report on Wednesday, January 31st. TheStreet lowered shares of Bemis from a “b-” rating to a “c” rating in a report on Thursday, February 1st. Bank of America raised their price objective on shares of Bemis from $52.00 to $53.00 and gave the stock an “underperform” rating in a report on Friday, February 2nd. Finally, Jefferies Group started coverage on shares of Bemis in a report on Friday, May 18th. They set a “hold” rating and a $46.00 price objective for the company.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Element Capital Management LLC bought a new stake in shares of Bemis during the fourth quarter valued at approximately $5,935,000. AXA grew its stake in shares of Bemis by 1,038.3% during the fourth quarter. AXA now owns 368,824 shares of the industrial products company’s stock valued at $17,626,000 after purchasing an additional 336,424 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Bemis by 41.0% during the fourth quarter. Segall Bryant & Hamill LLC now owns 575,520 shares of the industrial products company’s stock valued at $27,504,000 after purchasing an additional 167,370 shares during the last quarter. Perkins Capital Management Inc. bought a new stake in shares of Bemis during the fourth quarter valued at approximately $301,000. Finally, Blue Sky Asset Management LLC bought a new stake in shares of Bemis during the fourth quarter valued at approximately $1,577,000. 75.06% of the stock is currently owned by institutional investors and hedge funds.
Bemis (NYSE:BMS) last posted its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. Bemis had a net margin of 2.22% and a return on equity of 17.91%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.58 earnings per share. equities analysts predict that Bemis will post 2.8 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, May 17th will be paid a dividend of $0.31 per share. This is a boost from Bemis’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, May 16th. Bemis’s dividend payout ratio is 51.88%.
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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