Sonoco Products Company Receives Average Rating of “Hold” from Brokerages (NYSE:SON)
Sonoco Products Company (NYSE:SON) has received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $40.29.
Shares of Sonoco Products Company (NYSE:SON) traded up 0.86% on Monday, hitting $43.17. 57,009 shares of the company’s stock traded hands. Sonoco Products Company has a 52 week low of $33.59 and a 52 week high of $43.75. The stock has a 50-day moving average of $42.01 and a 200-day moving average of $41.46. The company has a market cap of $4.406 billion and a P/E ratio of 19.91.
Sonoco Products Company (NYSE:SON) last announced its earnings results on Thursday, April 17th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts predict that Sonoco Products Company will post $2.50 earnings per share for the current fiscal year.
SON has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Sonoco Products Company in a research note on Friday. They now have a $45.00 price target on the stock.
Sonoco Products Company (NYSE:SON) is a manufacturer of industrial and consumer packaging products and a provider of packaging services, with 347 locations in 34 countries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.