Bemis Company Receives a Hold from Credit Suisse

By Jason Carr

In a report released yesterday, Lars Kjellberg from Credit Suisse maintained a Hold rating on Bemis Company (NYSE: BMS), with a price target of $48. The company’s shares closed yesterday at $44.93, close to its 52-week low of $44.81.

According to TipRanks.com, Kjellberg is a 3-star analyst with an average return of 6.5% and a 63.0% success rate. Kjellberg covers the Consumer Goods sector, focusing on stocks such as Multi Packaging Solutions, International Paper Co, and Crown Holdings.

Currently, the analyst consensus on Bemis Company is Hold and the average price target is $46.60, representing a 3.7% upside.

In a report issued on April 18, Jefferies also reiterated a Hold rating on the stock with a $46 price target.

The company has a one year high of $53.32 and a one year low of $44.81. Currently, Bemis Company has an average volume of 645.5K.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BMS in relation to earlier this year. Most recently, in November 2016, Edward Perry, a Director at BMS sold 1,561 shares for a total of $77,098.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Bemis Co., Inc. engages in the manufacture and sale of packaging for food, consumer products, healthcare, and pharmaceutical companies. It operates through the U.S. Packaging and Global Packaging segment. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States as well as medical device and pharmaceutical packaging-related manufacturing operations. The company was founded by Judson Moss Bemis in 1858 and is headquartered in Neenah, WI.