Finally Time to Make a Move? Jefferies Initiates Coverage On Bemis Co (NYSE:BMS) with $46 Price Target

May 18, 2018 - By Melody Miller

Bemis Company, Inc. (NYSE:BMS) Logo

Investors sentiment increased to 0.89 in 2017 Q4. Its up 0.14, from 0.75 in 2017Q3. It improved, as 37 investors sold Bemis Company, Inc. shares while 105 reduced holdings. 42 funds opened positions while 84 raised stakes. 64.69 million shares or 0.37% less from 64.94 million shares in 2017Q3 were reported.

Moreover, Retirement Sys Of Alabama has 0.05% invested in Bemis Company, Inc. (NYSE:BMS) for 234,452 shares. Btim Corp reported 464,108 shares. Peninsula Asset reported 1.73% in Bemis Company, Inc. (NYSE:BMS). Voloridge Inv Limited Liability Corp reported 25,678 shares. The Florida-based State Board Of Administration Of Florida Retirement Sys has invested 0.02% in Bemis Company, Inc. (NYSE:BMS). Pnc Services Gp holds 113,843 shares or 0.01% of its portfolio. Farallon Mngmt Limited Company has invested 0.02% in Bemis Company, Inc. (NYSE:BMS). Hsbc Public Ltd Llc holds 0.01% or 88,682 shares in its portfolio. Jpmorgan Chase And stated it has 0% in Bemis Company, Inc. (NYSE:BMS). Weaver C Barksdale Assoc owns 477 shares. Stifel accumulated 8,850 shares or 0% of the stock. North Star Asset Mngmt Inc holds 2.84% or 662,829 shares in its portfolio. Royal Commercial Bank Of Canada reported 0.01% stake. Citadel Advsrs Ltd Liability Co invested in 0.03% or 903,660 shares. Tru Of Vermont accumulated 10,318 shares.

Why Has Jefferies Given Bemis Co (NYSE:BMS) a $46 Price Target

Analysts at Jefferies has begun coverage on shares of Bemis Co (NYSE:BMS) in analysts report revealed to clients on 18 May. The company set Hold rating on the $3.91 billion market cap company.

Bemis Company, Inc. (NYSE:BMS) Ratings Coverage

Among 5 analysts covering Bemis Company Inc. (NYSE:BMS), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Bemis Company Inc. has $53 highest and $43.0 lowest target. $46’s average target is 6.98% above currents $43 stock price. Bemis Company Inc. had 7 analyst reports since January 2, 2018 according to SRatingsIntel. The stock of Bemis Company, Inc. (NYSE:BMS) earned “Buy” rating by Bank of America on Monday, April 2. RBC Capital Markets maintained the stock with “Sell” rating in Thursday, February 1 report. Bank of America maintained the shares of BMS in report on Friday, February 2 with “Underperform” rating. Bank of America downgraded the stock to “Underperform” rating in Tuesday, January 2 report. The rating was maintained by Credit Suisse with “Neutral” on Tuesday, February 6. SunTrust maintained the shares of BMS in report on Wednesday, January 31 with “Hold” rating. The stock of Bemis Company, Inc. (NYSE:BMS) earned “Neutral” rating by Citigroup on Thursday, April 5.

The stock increased 0.82% or $0.35 during the last trading session, reaching $43. About 422,919 shares traded. Bemis Company, Inc. (NYSE:BMS) has declined 11.36% since May 18, 2017 and is downtrending. It has underperformed by 22.91% the S&P500.

Analysts await Bemis Company, Inc. (NYSE:BMS) to report earnings on July, 26. They expect $0.64 earnings per share, up 33.33 % or $0.16 from last year’s $0.48 per share. BMS’s profit will be $58.23 million for 16.80 P/E if the $0.64 EPS becomes a reality. After $0.63 actual earnings per share reported by Bemis Company, Inc. for the previous quarter, Wall Street now forecasts 1.59 % EPS growth.

Bemis Company, Inc. manufactures and sells packaging products. The company has market cap of $3.91 billion. It operates through two divisions, U.S. It has a 42.16 P/E ratio. Packaging and Global Packaging.

Bemis Company, Inc. (NYSE:BMS) Institutional Positions Chart

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