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Sonoco Products Co (NYSE:SON) has been downgraded to Hold in a report by Zacks Investment Research today.

Zacks Investment Research has downgraded Sonoco Products Co (NYSE:SON) to Hold in a report released on 06/21/2017.

Just yesterday Sonoco Products Co (NYSE:SON) traded -0.21% lower at $51.13. SON’s 50-day average is $48.45 and its two hundred day average is $50.98. With the last close up -4.75% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Volume of trade was up over the average, with 981,740 shares of SON changing hands over the typical 563,138

Performance Chart

Sonoco Products Co (NYSE:SON)

With a total market value of $0, Sonoco Products Co has price-earnings ratio of 18.44 with a one year low of $47.10 and a one year high of $55.58 .

A total of 9 analysts have released a report on Sonoco Products Co. One analyst rating the company a strong buy, one analyst rating the company a buy, eight analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $45.78.

More About Sonoco Products Co (NYSE:SON)

Sonoco Products Company is engaged in manufacturing of industrial and consumer packaging products, and providing packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment's products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management. The Display and Packaging segment's products and services include point-of-purchase displays; fulfilment; supply chain management, and paperboard specialties. Its Paper and Industrial Converted Products segment provides the raw material for its fiber-based packaging. The Protective Solutions segment's products and services include custom-engineered and expanded foam protective packaging and components, and temperature-assured packaging.

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