Sonoco Products Company found using ticker (SON) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 70 and 64 with the average target price sitting at 65.83. Given that the stocks previous close was at 57.04 this is indicating there is a potential upside of 15.4%. The day 50 moving average is 58.41 while the 200 day moving average is 59.12. The company has a market capitalisation of $5,736m. Visit the company website at: https://www.sonoco.com
The potential market cap would be $6,619m based on the market concensus.
Sonoco Products Company, together with its subsidiaries, manufactures and sells industrial and consumer 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 round and shaped rigid paper containers; metal and peelable membrane ends and closures; thermoformed plastic trays and containers; printed flexible packaging; and global brand artwork management. The Industrial Paper Packaging segment provides fiber-based tubes, cones, and cores; fiber-based construction tubes; fiber-based protective packaging and components; wooden, metal, and composite wire and cable, as well as reels and spools; and recycled paperboard, corrugating medium, recovered paper, and material recycling services. Sonoco Products Company offers thermoformed rigid plastic trays and devices; custom-engineered molded foam protective packaging and components; temperature-assured packaging; injection molded and extruded containers, spools, and parts; retail security packaging, including printed backer cards, thermoformed blisters, and heat-sealing equipment; and paper amenities. The company sells its products in various markets, which include paper, textile, film, food, chemical, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.
