Sonoco Products Co (NYSE:SON) has been downgraded to Underperform in a report by Bank of America Corp. today.
- Updated: October 3, 2016
Having a price of $51.61, Sonoco Products Co (NYSE:SON) traded -2.63% lower on the day. With the last close up 4.11% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Sonoco Products Co has recorded a 50-day average of $51.99 and a two hundred day average of $49.41. Trading volume was down over the average, with 148,700 shares of SON changing hands under the typical 446,662
Bank of America Corp. has downgraded Sonoco Products Co (NYSE:SON) to Underperform in a report released on 10/3/2016.
On 5/12/2016, Goldman Sachs released a statement on Sonoco Products Co (NYSE:SON) upped the target price from $0.00 to $50.00 that suggested an upside of 0.07%.
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Sonoco Products Co has a 52 week low of $36.56 and a 52 week high of $53.57 with a P/E ratio of 24.38 SON’s total market value is presently $0.
A total of 9 firms have released a research note on SON. One analyst rating the stock a strong buy, 1 brokerage rating the stock a buy, 8 firms rating the company a hold, two equity analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month stock price target of $45.78.
General Information About Sonoco Products Co (NYSE:SON)
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. 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. Its Display and Packaging segment's products and services include point-of-purchase displays; fulfillment; 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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