Analyst Rating Update on Bemis Company (BMS)

Bemis Company (NYSE:BMS) : Zacks Investment Research ranks Bemis Company (NYSE:BMS) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.71, which indicates as a Hold.

Bemis Company (NYSE:BMS) : The highest short term price target forecast on Bemis Company (NYSE:BMS) is $58 and the lowest target price is $44. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $50 with a standard deviation of $5.79.

Company shares have received an average consensus rating of Hold for the current week

Bemis Company (NYSE:BMS): stock turned positive on Tuesday. Though the stock opened at $49.24, the bulls momentum made the stock top out at $49.93 level for the day. The stock recorded a low of $49.18 and closed the trading day at $49.79, in the green by 1.49%. The total traded volume for the day was 799,302. The stock had closed at $49.06 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Bemis Co Inc, Perry Edward N had sold 1,492 shares worth of $69,154 in a transaction dated December 3, 2015. In this transaction, 1,492 shares were sold at $46.35 per share.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.