In a report released today, Adam Josephson from KeyBanc maintained a Hold rating on Sonoco Products (SON). The company’s shares closed last Thursday at $64.31, close to its 52-week high of $65.60.
According to TipRanks.com, Josephson is ranked 0 out of 5 stars with an average return of -6.4% and a 47.7% success rate. Josephson covers the Basic Materials sector, focusing on stocks such as International Paper Co, Berry Global Group, and Graphic Packaging.
The word on The Street in general, suggests a Hold analyst consensus rating for Sonoco Products with a $64.75 average price target, a -0.8% downside from current levels. In a report issued on April 8, Wells Fargo also downgraded the stock to Hold with a $69.00 price target.
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The company has a one-year high of $65.60 and a one-year low of $42.41. Currently, Sonoco Products has an average volume of 432.4K.
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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. The Consumer Packaging segment offers round composite cans, shaped rigid paperboard containers, fiber and plastic caulk/adhesive tubes, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; thermoformed rigid plastic trays, cups and bowls; injection molded containers, spools and parts; high-barrier flexible and forming plastic packaging films, modified atmosphere packaging, lidding films, printed flexible packaging, rotogravure cylinder engraving, global brand management. The Display and Packaging segment consists of point-of-purchase displays; custom packaging; retail packaging, including printed backer cards, thermoformed blisters and heat sealing equipment; fulfillment; primary package filling; supply chain management; paperboard specialties. The Paper and Industrial Converted Products segment includes recycled paperboard, chipboard, tubeboard, lightweight corestock, boxboard, linerboard, corrugating medium, specialty grades; paperboard tubes and cores, molded plugs, reels; collection, processing and recycling of old corrugated containers, paper, plastics, metal, glass and other recyclable materials. The Protective Solutions segment provides custom-engineered, paperboard-based and expanded foam protective packaging and components; temperature-assured packaging. The company was founded by James Lide Coker on May 10, 1899 and is headquartered at Hartsville, SC.