Shares of Sonoco Products (NYSE:SON) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $64.50.
Several brokerages have recently commented on SON. Wells Fargo & Company decreased their price objective on shares of Sonoco Products from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, July 23rd. TheStreet cut Sonoco Products from a “b+” rating to a “c” rating in a research note on Thursday, July 22nd. Finally, Bank of America lowered Sonoco Products from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $64.00 to $63.00 in a research report on Thursday.
In related news, VP John M. Florence sold 493 shares of Sonoco Products stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $65.32, for a total value of $32,202.76. Following the sale, the vice president now directly owns 10,449 shares in the company, valued at $682,528.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by insiders.
NYSE:SON opened at $60.87 on Monday. Sonoco Products has a 52 week low of $48.20 and a 52 week high of $69.83. The company has a quick ratio of 0.81, a current ratio of 1.17 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $5.99 billion, a P/E ratio of -31.54, a P/E/G ratio of 3.53 and a beta of 0.83. The stock’s fifty day moving average is $62.81 and its two-hundred day moving average is $64.89.
Sonoco Products (NYSE:SON) last issued its quarterly earnings data on Thursday, July 22nd. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.02). Sonoco Products had a positive return on equity of 18.41% and a negative net margin of 3.50%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted $0.79 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Sonoco Products will post 3.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Tuesday, August 10th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Monday, August 9th. Sonoco Products’s dividend payout ratio is presently 52.79%.
Sonoco Products Company Profile
Sonoco Products Co engages in the manufacture of industrial and consumer packaging products and services. It operates through the following segments: Consumer Packaging; Paper and Industrial Converted Products; Protective Solutions; and Display and Packaging. The Consumer Packaging segment offers round and shaped rigid containers; fiber and plastic caulk and adhesive tubes; and aluminum, steel, and peelable membrane easy-open closures for paper and metal cans.
Featured Story: Strangles
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.