Bemis Company, Inc. (NYSE:BMS)‘s stock had its “hold” rating restated by equities researchers at SunTrust Banks, Inc. in a report issued on Thursday. They presently have a $47.00 price objective on the industrial products company’s stock, down from their prior price objective of $49.00. SunTrust Banks, Inc.’s price objective would suggest a potential downside of 0.13% from the company’s current price.

BMS has been the subject of several other research reports. BMO Capital Markets reiterated a “hold” rating and set a $48.00 price target on shares of Bemis in a research report on Friday, June 2nd. TheStreet cut shares of Bemis from a “b” rating to a “c+” rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Bemis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Robert W. Baird reiterated a “hold” rating and set a $48.00 price target on shares of Bemis in a research report on Friday, September 1st. Finally, UBS AG assumed coverage on shares of Bemis in a research report on Tuesday, July 25th. They set a “buy” rating and a $55.00 price target for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Bemis has a consensus rating of “Hold” and a consensus target price of $49.10.

Shares of Bemis (NYSE:BMS) traded up 0.34% during midday trading on Thursday, hitting $47.22. 747,707 shares of the company traded hands. The stock has a market capitalization of $4.29 billion, a P/E ratio of 21.30 and a beta of 0.90. The stock’s 50-day moving average is $43.07 and its 200 day moving average is $45.88. Bemis has a 12-month low of $40.60 and a 12-month high of $51.98.

Bemis (NYSE:BMS) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.08). Bemis had a return on equity of 18.53% and a net margin of 5.18%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s quarterly revenue was down .9% compared to the same quarter last year. On average, analysts expect that Bemis will post $2.37 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of BMS. Jennison Associates grew its holdings in Bemis by 3.4% during the third quarter. Jennison Associates now owns 1,133,846 shares of the industrial products company’s stock valued at $44,866,000 after purchasing an additional 37,423 shares during the period. Janus Capital Management lifted its stake in Bemis by 187.4% in the third quarter. Janus Capital Management now owns 36,500 shares of the industrial products company’s stock valued at $1,444,000 after buying an additional 23,800 shares in the last quarter. Curbstone Financial Management lifted its stake in Bemis by 105.4% in the fourth quarter. Curbstone Financial Management now owns 15,200 shares of the industrial products company’s stock valued at $679,000 after buying an additional 7,800 shares in the last quarter. Meristem lifted its stake in Bemis by 3.3% in the fourth quarter. Meristem now owns 178,964 shares of the industrial products company’s stock valued at $7,998,000 after buying an additional 5,654 shares in the last quarter. Finally, Fox Run Management bought a new position in Bemis in the fourth quarter valued at approximately $264,000. Hedge funds and other 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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