Sonoco Products Company Given Consensus Rating of “Hold” by Analysts (NYSE:SON)
Sonoco Products Company (NYSE:SON) has earned an average recommendation of “Hold” from the twelve brokerages that are covering the company, American Banking & Market News reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $42.44.
Several analysts have recently commented on the stock. Analysts at Vertical Research upgraded shares of Sonoco Products Company to a “buy” rating in a research note on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sonoco Products Company in a research note on Wednesday, August 13th. They now have a $42.00 price target on the stock. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Sonoco Products Company in a research note on Friday, July 18th. They now have a $44.00 price target on the stock, down previously from $45.00.
Sonoco Products Company (NYSE:SON) traded up 0.67% during mid-day trading on Wednesday, hitting $40.77. 20,596 shares of the company’s stock traded hands. Sonoco Products Company has a 52-week low of $36.59 and a 52-week high of $44.65. The stock has a 50-day moving average of $40.74 and a 200-day moving average of $41.64. The company has a market cap of $4.148 billion and a price-to-earnings ratio of 18.24.
Sonoco Products Company (NYSE:SON) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.63 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.03. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $0.59 earnings per share. Sonoco Products Company’s revenue was up 1.7% compared to the same quarter last year. Analysts expect that Sonoco Products Company will post $2.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, August 13th.
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.
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