Bemis Company, Inc. (NYSE:BMS)‘s stock had its “hold” rating reissued by SunTrust Banks, Inc. in a research note issued on Thursday. They currently have a $47.00 price target on the industrial products company’s stock, down from their previous price target of $49.00. SunTrust Banks, Inc.’s target price indicates a potential upside of 0.92% from the company’s current price. SunTrust Banks also issued estimates for Bemis’ Q3 2017 earnings at $0.66 EPS, Q4 2017 earnings at $0.66 EPS, FY2017 earnings at $2.37 EPS, Q1 2018 earnings at $0.62 EPS, Q2 2018 earnings at $0.64 EPS, Q3 2018 earnings at $0.78 EPS, Q4 2018 earnings at $0.77 EPS and FY2018 earnings at $2.80 EPS.

Other research analysts also recently issued research reports about the stock. UBS AG started coverage on shares of Bemis in a research note on Tuesday, July 25th. They issued a “buy” rating and a $55.00 target price for the company. TheStreet downgraded shares of Bemis from a “b” rating to a “c+” rating in a research note on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and issued a $45.00 target price (up previously from $40.00) on shares of Bemis in a research note on Friday, July 14th. BidaskClub raised shares of Bemis from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $48.00 target price on shares of Bemis in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $49.10.

Shares of Bemis (NYSE:BMS) opened at 46.57 on Thursday. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 21.01 and a beta of 0.90. Bemis has a one year low of $40.60 and a one year high of $51.98. The company has a 50 day moving average of $43.18 and a 200-day moving average of $45.87.

Bemis (NYSE:BMS) last announced its 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). Bemis had a net margin of 5.18% and a return on equity of 18.53%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm posted $0.67 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts anticipate that Bemis will post $2.37 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of BMS. BlackRock Inc. grew its holdings in Bemis by 4,921.3% in the 1st quarter. BlackRock Inc. now owns 8,605,872 shares of the industrial products company’s stock valued at $420,485,000 after buying an additional 8,434,484 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in Bemis in the 1st quarter valued at about $34,340,000. Marshall Wace North America L.P. grew its holdings in Bemis by 1,361.1% in the 2nd quarter. Marshall Wace North America L.P. now owns 666,999 shares of the industrial products company’s stock valued at $30,682,000 after buying an additional 621,350 shares during the period. Vanguard Group Inc. grew its holdings in Bemis by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 8,464,812 shares of the industrial products company’s stock valued at $413,591,000 after buying an additional 445,901 shares during the period. Finally, State Street Corp grew its holdings in Bemis by 7.2% in the 1st quarter. State Street Corp now owns 6,241,068 shares of the industrial products company’s stock valued at $304,943,000 after buying an additional 419,542 shares during the period. Institutional investors own 75.74% 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)

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