Bemis Company, Inc. (BMS)’s Stock Is Sell After Forming Bearish Wedge Down

July 13, 2018 - By Andrea Pope

Bemis Company, Inc. (NYSE:BMS) Logo

Investors sentiment increased to 0.93 in Q1 2018. Its up 0.04, from 0.89 in 2017Q4. It improved, as 29 investors sold Bemis Company, Inc. shares while 103 reduced holdings. 34 funds opened positions while 89 raised stakes. 64.30 million shares or 0.60% less from 64.69 million shares in 2017Q4 were reported.
57,643 are held by Suntrust Banks. Goldman Sachs Gru has invested 0% of its portfolio in Bemis Company, Inc. (NYSE:BMS). Proshare Advsrs Lc owns 0.05% invested in Bemis Company, Inc. (NYSE:BMS) for 179,703 shares. Teachers Retirement System Of The State Of Kentucky, a Kentucky-based fund reported 17,397 shares. Mairs & Pwr owns 4.09 million shares. Clearbridge Investments Limited Co accumulated 0% or 600 shares. Tdam Usa reported 27,326 shares stake. Of Vermont holds 7,858 shares or 0.03% of its portfolio. Jefferies Grp Limited Liability Corp reported 40,693 shares. 7,062 were accumulated by Verition Fund Mngmt Llc. 12,125 were accumulated by Rothschild Inv Il. Huntington Financial Bank has 2,000 shares for 0% of their portfolio. Jane Street Group Ltd Com holds 0% of its portfolio in Bemis Company, Inc. (NYSE:BMS) for 4,986 shares. Moreover, Community Bancorporation Na has 0.12% invested in Bemis Company, Inc. (NYSE:BMS). Toronto Dominion State Bank has 16 shares for 0% of their portfolio.

The stock of Bemis Company, Inc. (BMS) formed a down wedge with $38.79 target or 9.00 % below today’s $42.63 share price. The 8 months wedge indicates high risk for the $3.88 billion company. If the $38.79 price target is reached, the company will be worth $349.02M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 0.40% or $0.17 during the last trading session, reaching $42.63. About 145,192 shares traded. Bemis Company, Inc. (NYSE:BMS) has declined 1.36% since July 13, 2017 and is downtrending. It has underperformed by 13.93% the S&P500.

Analysts await Bemis Company, Inc. (NYSE:BMS) to report earnings on July, 26 before the open. They expect $0.63 earnings per share, up 31.25 % or $0.15 from last year’s $0.48 per share. BMS’s profit will be $57.31M for 16.92 P/E if the $0.63 EPS becomes a reality. After $0.63 actual earnings per share reported by Bemis Company, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

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

Among 6 analysts covering Bemis Company (NYSE:BMS), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. Bemis Company had 7 analyst reports since January 31, 2018 according to SRatingsIntel. The rating was maintained by Bank of America on Friday, February 2 with “Underperform”. The rating was maintained by Credit Suisse with “Neutral” on Tuesday, February 6. The company was upgraded on Monday, April 2 by Bank of America. As per Wednesday, January 31, the company rating was maintained by SunTrust. Citigroup maintained the shares of BMS in report on Thursday, April 5 with “Neutral” rating. The rating was maintained by RBC Capital Markets with “Sell” on Thursday, February 1.

Another recent and important Bemis Company, Inc. (NYSE:BMS) news was published by Globenewswire.com which published an article titled: “Investor Expectations to Drive Momentum within Intrepid Potash, Portland General Electric, CarMax, Boyd Gaming …” on June 26, 2018.

Bemis Company, Inc. manufactures and sells packaging products in the United States, Brazil, other Americas, Europe, and the Asia-Pacific. The company has market cap of $3.88 billion. It operates through three divisions: U.S. It has a 43.28 P/E ratio. Packaging, Latin America Packaging, and Rest of World Packaging.

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

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