Sonoco Products (SON) Got Lower Bank of America Rating; Macys (M) SI Decreased By 11.19%

Macy's, Inc. (NYSE:M) Logo

Macys Inc (NYSE:M) had a decrease of 11.19% in short interest. M’s SI was 42.18 million shares in April as released by FINRA. Its down 11.19% from 47.49M shares previously. With 7.59M avg volume, 6 days are for Macys Inc (NYSE:M)’s short sellers to cover M’s short positions. The SI to Macys Inc’s float is 13.88%. The stock increased 2.30% or $0.67 during the last trading session, reaching $29.74. About 9.89 million shares traded. Macy's, Inc. (NYSE:M) has declined 0.25% since April 2, 2017 and is downtrending. It has underperformed by 11.80% the S&P500.

In a analysts report sent to investors on Monday, 2 April, Bank of America has cut Sonoco Products (NYSE:SON) stock to “Neutral”. SON’s old rating was “Buy”.

The stock increased 2.34% or $1.11 during the last trading session, reaching $48.5. About 498,112 shares traded. Sonoco Products Company (NYSE:SON) has declined 10.66% since April 2, 2017 and is downtrending. It has underperformed by 22.21% the S&P500.

Analysts await Sonoco Products Company (NYSE:SON) to report earnings on April, 19. They expect $0.72 earnings per share, up 22.03% or $0.13 from last year’s $0.59 per share. SON’s profit will be $71.69 million for 16.84 P/E if the $0.72 EPS becomes a reality. After $0.72 actual earnings per share reported by Sonoco Products Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 13 analysts covering Sonoco Products Company (NYSE:SON), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. Sonoco Products Company has $60.0 highest and $38 lowest target. $51.44’s average target is 6.06% above currents $48.5 stock price. Sonoco Products Company had 38 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Wednesday, September 6 by Jefferies. The firm earned “Hold” rating on Wednesday, November 1 by BMO Capital Markets. Argus Research downgraded the shares of SON in report on Friday, December 9 to “Hold” rating. The stock of Sonoco Products Company (NYSE:SON) has “Hold” rating given on Sunday, December 3 by KeyBanc Capital Markets. Vertical Research downgraded Sonoco Products Company (NYSE:SON) on Friday, July 21 to “Sell” rating. Deutsche Bank reinitiated Sonoco Products Company (NYSE:SON) rating on Monday, November 16. Deutsche Bank has “Hold” rating and $42.0 target. The company was maintained on Monday, July 24 by Barclays Capital. DA Davidson downgraded the shares of SON in report on Monday, April 11 to “Underperform” rating. As per Friday, March 18, the company rating was downgraded by Bank of America. The company was downgraded on Tuesday, August 25 by Zacks.

Investors sentiment decreased to 1.14 in Q4 2017. Its down 0.05, from 1.19 in 2017Q3. It turned negative, as 27 investors sold Sonoco Products Company shares while 105 reduced holdings. 51 funds opened positions while 100 raised stakes. 67.37 million shares or 2.84% less from 69.34 million shares in 2017Q3 were reported. Evercore Wealth Ltd Liability Company has 0.01% invested in Sonoco Products Company (NYSE:SON) for 3,303 shares. Morgan Stanley holds 0.01% or 434,443 shares in its portfolio. Ngam Advisors L P holds 0.03% in Sonoco Products Company (NYSE:SON) or 50,226 shares. Reilly Finance Advisors Limited Liability Corporation accumulated 403 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 5,092 shares or 0% of all its holdings. Proshare Lc holds 197,554 shares or 0.07% of its portfolio. Prudential invested in 0.01% or 94,443 shares. Prudential Plc invested 0% in Sonoco Products Company (NYSE:SON). California Employees Retirement System accumulated 273,901 shares or 0.02% of the stock. Virginia Retirement System Et Al has invested 0.01% in Sonoco Products Company (NYSE:SON). Ls Investment Advsrs Limited Liability Com holds 0.02% or 6,161 shares. Holderness Invests holds 14,555 shares. Moreover, Point72 Asset Mgmt L P has 0.03% invested in Sonoco Products Company (NYSE:SON). Retail Bank Of Hawaii has invested 0.06% in Sonoco Products Company (NYSE:SON). Wharton Business Group Inc Ltd Liability Co owns 155,925 shares for 0.86% of their portfolio.

Since October 20, 2017, it had 0 insider purchases, and 2 insider sales for $334,285 activity. 727 Sonoco Products Company (NYSE:SON) shares with value of $38,531 were sold by ARTHUR VICKI B. Saunders Barry L sold $295,754 worth of stock.

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company has market cap of $4.83 billion. The firm operates through four divisions: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. It has a 27.87 P/E ratio. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures.

Among 31 analysts covering Macy’s Inc. (NYSE:M), 8 have Buy rating, 2 Sell and 21 Hold. Therefore 26% are positive. Macy’s Inc. had 107 analyst reports since July 24, 2015 according to SRatingsIntel. Cowen & Co maintained Macy's, Inc. (NYSE:M) rating on Thursday, August 10. Cowen & Co has “Hold” rating and $2300 target. The rating was maintained by Goldman Sachs on Friday, August 12 with “Neutral”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, May 12 report. The rating was downgraded by Cowen & Co to “Market Perform” on Monday, October 26. Jefferies maintained Macy's, Inc. (NYSE:M) on Tuesday, February 27 with “Hold” rating. S&P Research maintained Macy's, Inc. (NYSE:M) rating on Friday, September 11. S&P Research has “Hold” rating and $60 target. The stock has “Market Perform” rating by Telsey Advisory Group on Wednesday, February 24. The firm has “Sell” rating by Deutsche Bank given on Tuesday, August 25. The firm has “Hold” rating by Deutsche Bank given on Tuesday, August 8. The firm has “Buy” rating by Stifel Nicolaus given on Friday, August 14.

Macy's, Inc. (NYSE:M) Institutional Positions Chart