What Will The Effects of a Bank of America (Merrill Lynch) Upgrade Be For Bemis Company Inc (NYSE:BMS) Shares?

September 17, 2017 - By Henry Gaston

  What Will The Effects of a Bank of America (Merrill Lynch) Upgrade Be For Bemis Company Inc (NYSE:BMS) Shares?

Investors sentiment is 0.85 in Q4 2016. Its the same as in 2016Q3. It is the same, as 27 investors sold Bemis Company, Inc. shares while 130 reduced holdings. only 38 funds opened positions while 95 raised stakes. 67.58 million shares or 1.43% less from 68.55 million shares in 2016Q3 were reported.

Utd Fire Gp Inc holds 31,400 shares. Old Mutual Global (Uk) reported 1,900 shares or 0% of all its holdings. Magnetar Fin Limited Liability Company reported 0.01% of its portfolio in Bemis Company, Inc. (NYSE:BMS). Cubist Systematic Strategies Ltd Liability Co stated it has 13,024 shares. Gemmer Asset Mngmt Limited Liability Corp accumulated 138 shares. Washington Commercial Bank holds 0% or 16 shares. Centurylink Investment Mgmt Company holds 31,754 shares or 0.52% of its portfolio. Moreover, Orrstown Financial Service Inc has 0.01% invested in Bemis Company, Inc. (NYSE:BMS) for 115 shares. Independent Portfolio Consultants invested in 0% or 14 shares. Schroder Mgmt Gp has invested 0.11% in Bemis Company, Inc. (NYSE:BMS). Raymond James Advisors holds 5,415 shares. Federated Investors Pa invested in 51,486 shares or 0.01% of the stock. Suntrust Banks Inc reported 32,114 shares. Bb&T has invested 0.05% in Bemis Company, Inc. (NYSE:BMS). Bokf Na reported 0.05% stake.

Bemis Company Inc (NYSE:BMS) Stock Upgrade

In a note shared with investors and clients on 15 September, professional analysts at the Bank of America (Merrill Lynch) research division upped shares of Bemis Company Inc (NYSE:BMS) stock from a Underperform to a respectable Neutral rating.

Investors sentiment is 0.85 in Q4 2016. Its the same as in 2016Q3. It is the same, as 27 investors sold Bemis Company, Inc. shares while 130 reduced holdings. only 38 funds opened positions while 95 raised stakes. 67.58 million shares or 1.43% less from 68.55 million shares in 2016Q3 were reported.

Utd Fire Gp Inc holds 31,400 shares. Old Mutual Global (Uk) reported 1,900 shares or 0% of all its holdings. Magnetar Fin Limited Liability Company reported 0.01% of its portfolio in Bemis Company, Inc. (NYSE:BMS). Cubist Systematic Strategies Ltd Liability Co stated it has 13,024 shares. Gemmer Asset Mngmt Limited Liability Corp accumulated 138 shares. Washington Commercial Bank holds 0% or 16 shares. Centurylink Investment Mgmt Company holds 31,754 shares or 0.52% of its portfolio. Moreover, Orrstown Financial Service Inc has 0.01% invested in Bemis Company, Inc. (NYSE:BMS) for 115 shares. Independent Portfolio Consultants invested in 0% or 14 shares. Schroder Mgmt Gp has invested 0.11% in Bemis Company, Inc. (NYSE:BMS). Raymond James Advisors holds 5,415 shares. Federated Investors Pa invested in 51,486 shares or 0.01% of the stock. Suntrust Banks Inc reported 32,114 shares. Bb&T has invested 0.05% in Bemis Company, Inc. (NYSE:BMS). Bokf Na reported 0.05% stake.

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

Among 17 analysts covering Bemis Company Inc. (NYSE:BMS), 4 have Buy rating, 1 Sell and 12 Hold. Therefore 24% are positive. Bemis Company Inc. has $55 highest and $39.0 lowest target. $48.85’s average target is 4.90% above currents $46.57 stock price. Bemis Company Inc. had 42 analyst reports since September 14, 2015 according to SRatingsIntel. The stock has “Underperform” rating by RBC Capital Markets on Friday, April 28. The rating was maintained by RBC Capital Markets on Tuesday, May 30 with “Sell”. Jefferies maintained it with “Hold” rating and $48 target in Thursday, July 14 report. Bank of America downgraded Bemis Company, Inc. (NYSE:BMS) on Friday, October 28 to “Neutral” rating. The firm earned “Hold” rating on Friday, April 28 by Suntrust Robinson. The firm earned “Neutral” rating on Wednesday, April 6 by Citigroup. On Thursday, March 31 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The rating was maintained by BMO Capital Markets with “Hold” on Friday, June 2. UBS initiated the stock with “Buy” rating in Tuesday, July 25 report. The rating was upgraded by Barclays Capital on Tuesday, June 27 to “Overweight”.

The stock decreased 0.30% or $0.14 on September 15, reaching $46.57. About 1.74 million shares traded or 11.54% up from the average. Bemis Company, Inc. (NYSE:BMS) has declined 9.13% since September 17, 2016 and is downtrending. It has underperformed by 25.83% the S&P500.

Analysts expect Bemis Company, Inc. (NYSE:BMS) to report $0.64 EPS on October, 26 before the open.They anticipate $0.11 EPS change or 14.67 % from last quarter’s $0.75 EPS. BMS’s profit would be $58.13M giving it 18.19 P/E if the $0.64 EPS is correct. After having $0.48 EPS previously, Bemis Company, Inc.’s analysts see 33.33 % EPS growth.

Bemis Company, Inc. is a manufacturer of packaging products. The company has market cap of $4.23 billion. The Firm operates through two divisions: U.S. It has a 20.97 P/E ratio. Packaging and Global Packaging.

More news for Bemis Company, Inc. (NYSE:BMS) were recently published by: Nasdaq.com, which released: “Bemis (BMS) Up 9.4% Since Earnings Report: Can It Continue?” on September 12, 2017. Bizjournals.com‘s article titled: “​Australia’s Amcor eyes $4B takeover of Bemis Co.” and published on September 08, 2017 is yet another important article.

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