BMO Capital Markets Initiates Coverage on Sonoco Products Company (SON)
Research analysts at BMO Capital Markets began coverage on shares of Sonoco Products Company (NYSE:SON) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
A number of other analysts have also recently weighed in 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $42.44.
In other Sonoco Products Company news, VP Vicki B. Arthur sold 1,811 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $40.66, for a total transaction of $73,635.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Sonoco Products Company (NYSE:SON) opened at 41.34 on Thursday. Sonoco Products Company has a 52-week low of $36.89 and a 52-week high of $44.65. The stock’s 50-day moving average is $40.38 and its 200-day moving average is $41.62. The company has a market cap of $4.206 billion and a price-to-earnings ratio of 18.62.
Sonoco Products Company (NYSE:SON) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. 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.
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