Sonoco Products Company Given Average Rating of “Hold” by Brokerages (NYSE:SON)
Sonoco Products Company (NYSE:SON) has been given an average rating of “Hold” by the twelve analysts that are presently covering the company, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $42.44.
A number of research firms have recently commented on SON. Analysts at Vertical Research upgraded shares of Sonoco Products Company to a “buy” rating in a research note on Monday, August 25th. 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.
In other Sonoco Products Company news, VP Vicki B. Arthur unloaded 1,811 shares of Sonoco Products Company stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $40.66, for a total transaction of $73,635.26. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Sonoco Products Company (NYSE:SON) opened at 41.16 on Wednesday. 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 $40.54 and a 200-day moving average of $41.63. The company has a market cap of $4.187 billion and a P/E ratio of 18.41.
Sonoco Products Company (NYSE:SON) last released its earnings data 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.
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.
Receive News & Ratings for Sonoco Products Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonoco Products Company and related companies with Analyst Ratings Network's FREE daily email newsletter.