Bemis Stock Hits New 52-Week High (BMS)

NEW YORK ( TheStreet) -- Bemis Company (NYSE: BMS) hit a new 52-week high Thursday as it is currently trading at $34.31, above its previous 52-week high of $34.25 with 49,268 shares traded as of 9:56 a.m. ET. Average volume has been 929,300 shares over the past 30 days.

Bemis has a market cap of $3.6 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 3.9% year to date as of the close of trading on Wednesday.

Bemis Company, Inc. manufactures and sells flexible packaging products and pressure sensitive materials in the United States, Canada, Mexico, South America, Europe, and Asia. The company operates in two segments, Flexible Packaging and Pressure Sensitive Materials. The company has a P/E ratio of 16.7, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Bemis as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Bemis Ratings Report.

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