Sonoco Products Co (SON) Given Average Recommendation of “Hold” by Analysts
Shares of Sonoco Products Co (NYSE:SON) have been given an average rating of “Hold” by the nine ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $53.00.
A number of research analysts have issued reports on the stock. KeyCorp reissued a “hold” rating on shares of Sonoco Products in a research note on Sunday, December 3rd. Barclays raised shares of Sonoco Products from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $49.00 to $55.00 in a research note on Friday, December 15th. Zacks Investment Research raised shares of Sonoco Products from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Robert W. Baird reissued a “buy” rating and set a $60.00 target price on shares of Sonoco Products in a research note on Friday, November 10th. Finally, Jefferies Group reissued a “hold” rating and set a $48.00 target price on shares of Sonoco Products in a research note on Thursday, September 7th.
In other news, CFO Barry L. Saunders sold 5,645 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $52.39, for a total value of $295,741.55. Following the completion of the sale, the chief financial officer now directly owns 60,455 shares of the company’s stock, valued at approximately $3,167,237.45. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Vicki B. Arthur sold 727 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $53.00, for a total transaction of $38,531.00. Following the completion of the sale, the senior vice president now directly owns 33,998 shares of the company’s stock, valued at $1,801,894. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Shares of Sonoco Products (NYSE SON) traded down $0.16 during trading hours on Friday, hitting $53.73. 349,600 shares of the company were exchanged, compared to its average volume of 523,400. The company has a current ratio of 1.59, a quick ratio of 1.11 and a debt-to-equity ratio of 0.74. Sonoco Products has a twelve month low of $47.10 and a twelve month high of $55.77. The company has a market cap of $5,356.71, a P/E ratio of 19.75, a PEG ratio of 3.77 and a beta of 1.15.
Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Sonoco Products had a net margin of 5.63% and a return on equity of 16.40%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. analysts expect that Sonoco Products will post 2.8 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Thursday, November 9th. Sonoco Products’s dividend payout ratio is currently 57.35%.
ILLEGAL ACTIVITY WARNING: This article was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/05/sonoco-products-co-son-given-average-recommendation-of-hold-by-analysts.html.
About Sonoco Products
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.
Receive News & Ratings for Sonoco Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonoco Products and related companies with MarketBeat.com's FREE daily email newsletter.