Sonoco Products Company (SON) Receives Price Target

Sonoco Products Company (SON) : 7 Wall Street analysts covering Sonoco Products Company (SON) believe that the average level the stock could reach for the short term is $49.29. The maximum price target given is $55 and the minimum target for short term is around $44, hence the standard deviation is calculated at $4.31.

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.


Also, Major Brokerage house, Barclays maintains its ratings on Sonoco Products Company (NYSE:SON). In the latest research report, Barclays raises the target price from $40 per share to $44 per share. According to the latest information available, the shares are now rated Underweight by the analysts at the agency. The rating by the firm was issued on July 25, 2016.

Sonoco Products Company (NYSE:SON): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.65 and $51.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.80, notching a gain of 0.50% for the day. The total traded volume was 316,500 . The stock had closed at $51.54 on the previous day.

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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