Bemis Company, Inc. (BMS) Rating Reiterated by SunTrust Banks, Inc.
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.
ILLEGAL ACTIVITY NOTICE: “Bemis Company, Inc. (BMS) Rating Reiterated by SunTrust Banks, Inc.” was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/14/bemis-company-inc-bms-rating-reiterated-by-suntrust-banks-inc.html.
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.