Sonoco Products Company with ticker code (SON) have now 7 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 82 and 57 and has a mean target at $67.14. Given that the stocks previous close was at $62.39 this indicates there is a potential upside of 7.6%. It’s also worth noting that there is a 50 day moving average of $59.19 and the 200 moving average now moves to $60.37. The market cap for the company is $6,052m. You can visit the company’s website by visiting: https://www.sonoco.com
The potential market cap would be $6,513m based on the market consensus.
Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates through two segments: Consumer Packaging and Industrial Paper Packaging. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products. The Industrial Paper Packaging segment provides paperboard tubes, cones, and cores; paper-based protective packaging products; and uncoated recycled paperboard products. Sonoco Products Company also offers various packaging materials, including plastic, paper, foam, and other specialty materials. The company sells its products in various markets, which include paper, textile, film, food, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.
The company has a dividend yield of 3.3% with the ex dividend date set at 9-5-2023 (DMY).
Other points of data to note are a P/E ratio of 13.09, revenue per share of 73.99 and a 8.2% return on assets.
