Sonoco Products Company which can be found using ticker (SON) have now 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 76 and 57 suggesting an average Analsyt target price of $66.00. Given that the stocks previous close was at $57.52 this is indicating there is a potential upside of 14.7%. Also worth taking note is the 50 day moving average now sits at $59.18 and the 200 moving average now moves to $59.94. The total market capitalization for the company now stands at $5,720m. Find out more information at: https://www.sonoco.com
The potential market cap would be $6,563m 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 3.41% with the ex dividend date set at 21-2-2023 (DMY).
Other points of data to note are a P/E ratio of 12.19, revenue per share of 73.99 and a 8.2% return on assets.
