Sonoco Products Company (SON) Receives Analyst Rating

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 highest short term price target forecast on Sonoco Products Company (SON) is $55 and the lowest target price is $44. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $49.29 with a standard deviation of $4.31.


Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Sonoco Products Company (NYSE:SON). The rating major has initiated the coverage with underweight rating on the shares. The Analysts at Barclays raises the price target from $40 per share to $44 per share. The rating by the firm was issued on July 25, 2016.

Sonoco Products Company (NYSE:SON): After opening at $51.18, the stock dipped to an intraday low of $50.95 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $52.27 and the buying power remained strong till the end. The stock closed at $52.21 for the day, a gain of 2.11% for the day session. The total traded volume was 670,753. The stocks close on the previous trading day was $51.13.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.