KeyBanc analyst Adam Josephson maintained a Hold rating on Sonoco Products (SON) today. The company’s shares opened today at $56.17.
Josephson wrote:
“We think in-line 2019 guidance is about the best that any of our companies will provide given slowing global growth, etc. In 2019, SON expects flattish OCC prices, 2% lower resin prices, 1% volume/mix growth (compared to 1.8% YTD), and fairly significant non-material inflation, among other assumptions.”
According to TipRanks.com, Josephson is a 4-star analyst with an average return of 8.3% and a 66.2% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Avery Dennison Corp, and Graphic Packaging.
Sonoco Products has an analyst consensus of Hold.
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Sonoco Products’ market cap is currently $5.62B and has a P/E ratio of 23.60. The company has a Price to Book ratio of 3.10.
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Sonoco Products Co. engages in the manufacture of industrial and consumer packaging products and provides packaging services. It operates through the following segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions.
