Sonoco Products Company (NYSE:SON)‘s stock had its “sell” rating reissued by stock analysts at Vertical Research in a report released on Friday.

Several other research firms have also recently weighed in on SON. Jefferies Group LLC reiterated a “hold” rating and issued a $48.00 target price (up previously from $47.00) on shares of Sonoco Products in a research note on Sunday, April 23rd. DA Davidson upgraded shares of Sonoco Products from an “underperform” rating to a “neutral” rating and increased their target price for the company from $48.00 to $54.00 in a research note on Friday, April 21st. Robert W. Baird upgraded shares of Sonoco Products from a “neutral” rating to an “outperform” rating and increased their target price for the company from $55.00 to $60.00 in a research note on Wednesday. BidaskClub upgraded shares of Sonoco Products from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Zacks Investment Research upgraded shares of Sonoco Products from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Sonoco Products presently has an average rating of “Hold” and an average price target of $50.14.

Shares of Sonoco Products (NYSE SON) traded down 3.835% during mid-day trading on Friday, reaching $49.775. The company had a trading volume of 356,687 shares. The company’s 50-day moving average price is $51.29 and its 200-day moving average price is $52.53. Sonoco Products has a 52-week low of $49.33 and a 52-week high of $55.58. The company has a market capitalization of $4.95 billion, a PE ratio of 18.087 and a beta of 1.14.

Sonoco Products (NYSE:SON) last released its earnings results on Thursday, July 20th. The industrial products company reported $0.71 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.71. Sonoco Products had a net margin of 5.93% and a return on equity of 17.10%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that Sonoco Products will post $2.77 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Midwest Bank Trust Division boosted its position in shares of Sonoco Products by 0.3% in the third quarter. First Midwest Bank Trust Division now owns 8,728 shares of the industrial products company’s stock worth $461,000 after buying an additional 24 shares in the last quarter. Ray Gerald L & Associates Ltd. boosted its position in shares of Sonoco Products by 0.7% in the third quarter. Ray Gerald L & Associates Ltd. now owns 5,033 shares of the industrial products company’s stock worth $266,000 after buying an additional 33 shares in the last quarter. National Planning Corp boosted its position in shares of Sonoco Products by 0.3% in the fourth quarter. National Planning Corp now owns 12,568 shares of the industrial products company’s stock worth $690,000 after buying an additional 37 shares in the last quarter. Financial Engines Advisors L.L.C. boosted its position in shares of Sonoco Products by 0.4% in the first quarter. Financial Engines Advisors L.L.C. now owns 11,448 shares of the industrial products company’s stock worth $606,000 after buying an additional 40 shares in the last quarter. Finally, Weaver C. Barksdale & Associates Inc. boosted its position in shares of Sonoco Products by 0.3% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 18,600 shares of the industrial products company’s stock worth $924,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 74.12% of the company’s stock.

Sonoco Products Company Profile

Sonoco Products Company is engaged in manufacturing of industrial and consumer packaging products, and providing packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.

Analyst Recommendations for Sonoco Products (NYSE:SON)

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