Top25-SA-Banner

Sonoco Products (SON) Receives a Hold from KeyBanc


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.

See today’s analyst top recommended stocks >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.