Brokerage Firm Rating Update on Sonoco Products Company (SON)

Sonoco Products Company (SON) : Zacks Investment Research ranks Sonoco Products Company (SON) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 3.22, which indicates as a Hold.

Sonoco Products Company (SON) : The most positive equity analysts on Sonoco Products Company (SON) expects the shares to touch $55, whereas, the least positive believes that the stock will trade at $44 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $49.29 with an expected fluctuation of $4.31 from the mean.


Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Barclays maintains its rating on Sonoco Products Company (NYSE:SON). As per the latest information, the brokerage house raises the price target to $44 per share from a prior target of $40. The shares have been rated Underweight. The rating by the firm was issued on July 25, 2016.

Sonoco Products Company (NYSE:SON): stock was range-bound between the intraday low of $52.53 and the intraday high of $53.16 after having opened at $52.78 on Wednesdays session. The stock finally closed in the red at $52.78, a loss of -0.21%. The stock remained in the red for the whole trading day. The total traded volume was 562,159 shares. The stock failed to cross $53.16 in Wednesdays trading. The stocks closing price on Thursday was $52.98.

Sonoco Products Company (Sonoco) is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. The Company has 335 locations in 33 countries. The Companys Consumer Packaging segments operations comprise 90 plants across the world. The Companys Display and Packaging segments operations comprise 27 plants around the world including the United States, Poland, Mexico and Brazil. The Companys Paper and Industrial Converted Products segment provides the primary raw material for the Companys fiber-based packaging. The Protective Solutions segments products include custom-engineered, paperboard-based and expanded foam protective packaging and components, and temperature-assured packaging.

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