Bemis Company, Inc. (BMS) Stock Rating Reaffirmed by SunTrust Banks, Inc.
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.
WARNING: This report was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/09/16/bemis-company-inc-bms-stock-rating-reaffirmed-by-suntrust-banks-inc.html.
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.
Receive News & Stock Ratings for Bemis Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bemis Company Inc. and related stocks with our FREE daily email newsletter.