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Enter Symbol:
 
Sonoco Products Company (SON) [hlAlert]

Rating:
Buy SON
down 17.05 %

Sonoco Products Company (SON) upgraded to Buy with price target $56 by Argus

Posted on: Thursday,  Feb 26, 2015  8:25 AM ET by Argus

Argus rated Buy Sonoco Products Company (NYSE: SON) on 02/26/2015, when the stock price was $47.43. Since
then, Sonoco Products Company has lost 17.06% as of 01/25/2016's recent price of $39.34.
If you would have followed this Argus's recommendation on SON, you would have lost 17.05% of your investment in 333 days.

Sonoco Products Company (Sonoco) is a manufacturer of industrial and consumer packaging products and a provider of packaging services, with 327 locations in 35 countries. The Company?s operates in four segments, Consumer Packaging, Tubes and Cores/Paper, Packaging Services, and All Other Sonoco. It serves two markets: consumer and industrial. Consumer and industrial sales are split approximately 54% and 46%, respectively. Geographically, approximately 63% of sales are generated in the United States, 19% in Europe, 9% in Canada and 9% in other regions. During the year ended December 31, 2008, the Company acquired Amtex Packaging, Inc., a packaging fulfillment company, and VoidForm International Ltd., a construction tube business.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/26/2015 8:25 AM Buy
None
47.43 56.00
as of 8/27/2015
1 Week down  -3.15 %
1 Month down  -12.22 %
3 Months down  -14.08 %
1 YTD down  -17.05 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/4/2011 8:25 AM Hold
None
26.37
4/26/2010 3:25 PM Buy
None
34.01 42.00
12/21/2009 8:25 AM Buy
None
29.54 35.00

(*) Stock Price at the time of the recommendation.
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