Jefferies Maintains Bemis Company to Hold with Price Target $47.00

Brokerage firm Jefferies Maintains its rating on Bemis Company(NYSE:BMS). In a research note issued to the investors, the brokerage major Lowers the price-target to $47.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Aug 1, 2016.

In a different note, On Jul 19, 2016, Citigroup said it Maintains its rating on Bemis Company. In the research note, the firm Raises the price-target to $52.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 14, 2016, Jefferies said it Maintains its rating on Bemis Company. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Hold’ by the firm. SunTrust Robinson Humphrey said it Initiates Coverage on Bemis Company, according to a research note issued on Jul 13, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 1, 2016, Goldman Sachs said it Assumes its rating on Bemis Company. The shares have been rated ‘Neutral’ by the firm. Goldman Sachs said it Initiates Coverage on Bemis Company, according to a research note issued on May 12, 2016. The shares have been rated ‘Neutral’ by the firm.

Bemis Company (BMS) shares turned negative on Mondays trading session with the shares closing down -0.26 points or -0.51% at a volume of 7,62,020. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $50.935. The peak price level was also seen at $50.935 while the days lowest was $50.6. Finally the shares closed at $50.65. The 52-week high of the shares is $54.19 while the 52-week low is $38.91. According to the latest information available, the market cap of the company is $4,797 M.

Bemis Company(BMS) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.02B. Analysts had an estimated revenue of $1.03B. Earnings per share were $0.67. Analysts had estimated an EPS of $0.66.

Several Insider Transactions has been reported to the SEC. On Dec 3, 2015, Edward N Perry (director) sold 1,492 shares at $46.35 per share price.Also, On Jun 11, 2015, James W Ransom (Vice President) sold 10,000 shares at $45.97 per share price.On Mar 13, 2015, Henry J Theisen (Exec. Chairman of the Board) sold 12,000 shares at $47.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Bemis Company Inc. is a manufacturer of packaging products. The Company operates through two business segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment manufactures multilayer polymer blown and cast film structures to produce packaging for food and personal care product applications as well as non-food applications. The Global Packaging segment manufactures multilayer polymer blown and cast film structures to produce packaging for a range of food medical pharmaceutical personal care electronics and industrial applications. The Company offers its products primarily to the customers in the food industry. Its other customers include companies operating in a range of businesses including chemical agribusiness medical pharmaceutical personal care electronics automotive construction and other consumer goods.

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