Shares of Sonoco Products Co (NYSE:SON) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $54.33.

A number of analysts have recently commented on SON shares. Bank of America raised Sonoco Products from an “underperform” rating to a “buy” rating in a research report on Monday, March 16th. BMO Capital Markets raised Sonoco Products from a “market perform” rating to an “outperform” rating in a research report on Friday, March 20th. DA Davidson raised Sonoco Products from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Friday, April 17th. Wells Fargo & Co raised Sonoco Products from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $48.00 to $60.00 in a research report on Thursday, May 21st. Finally, TheStreet raised Sonoco Products from a “c+” rating to a “b-” rating in a research report on Wednesday, June 17th.

Shares of SON stock traded up $0.45 during midday trading on Tuesday, reaching $52.29. 443,005 shares of the stock were exchanged, compared to its average volume of 557,519. The company has a current ratio of 1.11, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $50.45 and its two-hundred day moving average is $52.66. Sonoco Products has a 1 year low of $37.30 and a 1 year high of $66.57. The firm has a market cap of $5.20 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 3.06 and a beta of 0.82.

Sonoco Products (NYSE:SON) last issued its quarterly earnings results on Thursday, April 16th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.10. Sonoco Products had a return on equity of 20.13% and a net margin of 5.61%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, equities analysts expect that Sonoco Products will post 3.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.72 annualized dividend and a dividend yield of 3.29%. Sonoco Products’s payout ratio is 48.73%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Bank & Trust Co bought a new position in shares of Sonoco Products during the 4th quarter valued at $30,000. Verus Capital Partners LLC bought a new position in shares of Sonoco Products during the 4th quarter valued at $43,000. Ameritas Investment Company LLC purchased a new stake in shares of Sonoco Products in the 1st quarter worth $39,000. PSI Advisors LLC purchased a new stake in shares of Sonoco Products in the 4th quarter worth $88,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Sonoco Products in the 4th quarter worth $104,000. 73.93% of the stock is currently owned by hedge funds and other institutional investors.

Sonoco Products Company Profile

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures.

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Analyst Recommendations for Sonoco Products (NYSE:SON)

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