Bemis Company (BMS) is Initiated by SunTrust to Buy, Price Target at $60

Bemis Company (BMS) was Initiated by SunTrust to “Buy” and the brokerage firm has set the Price Target at $60. SunTrust advised their investors in a research report released on Jul 13, 2016.

Many Wall Street Analysts have commented on Bemis Company. Bemis Company was Initiated by Goldman to “Neutral” on May 12, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .

On the company’s financial health, Bemis Company reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.62. The company had revenue of $967.90 million for the quarter, compared to analysts expectations of $1006.74 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.61 EPS.

Bemis Company closed down -0.04 points or -0.08% at $51.8 with 9,84,061 shares getting traded on Monday. Post opening the session at $52, the shares hit an intraday low of $51.57 and an intraday high of $52.1124 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Dec 3, 2015, Edward N Perry (director) sold 1,492 shares at $46.35 per share price. According to the SEC, 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.

Bemis Company

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