Wells Fargo analyst Gabrial Hajde maintained a Hold rating on Sonoco Products (SON) yesterday. The company’s shares closed yesterday at $60.16, close to its 52-week high of $61.79.
According to TipRanks.com, Hajde is a 1-star analyst with an average return of -7.5% and a 40.0% success rate. Hajde covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Packaging Corp, and WestRock LLC.
Sonoco Products has an analyst consensus of Hold, with a price target consensus of $57, which is a -5.3% downside from current levels. In a report issued on February 4, Merrill Lynch also maintained a Hold rating on the stock with a $59 price target.
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Sonoco Products’ market cap is currently $5.99B and has a P/E ratio of 25.17. The company has a Price to Book ratio of 3.31.
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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.
