Bemis Company (BMS) Receives Price Target

Bemis Company (BMS) : The highest short term price target forecast on Bemis Company (BMS) is $60 and the lowest target price is $45. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $53 with a standard deviation of $6.1.

Bemis Company (BMS) : 8 analysts are covering Bemis Company (BMS) and their average rating on the stock is 2.5, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Equity Analysts at the Jefferies maintains the rating on Bemis Company (NYSE:BMS). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency lowers the price target from $48 per share to $47 per share. The rating by the firm was issued on August 1, 2016.

Bemis Company (NYSE:BMS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.67 and $52.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.70, notching a gain of 0.19% for the day. The total traded volume was 995,200 . The stock had closed at $52.60 on the previous day.

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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