In a report released yesterday, Gabrial Hajde from Wells Fargo maintained a Buy rating on Sonoco Products (SON). The company’s shares closed last Monday at $56.97.
According to TipRanks.com, Hajde is a 3-star analyst with an average return of 8.2% and a 71.1% success rate. Hajde covers the Basic Materials sector, focusing on stocks such as International Paper Co, Berry Global Group, and Crown Holdings.
Currently, the analyst consensus on Sonoco Products is a Moderate Buy with an average price target of $62.00, which is a 7.6% upside from current levels. In a report issued on November 11, BMO Capital also maintained a Buy rating on the stock with a $65.00 price target.
See today’s analyst top recommended stocks >>
Sonoco Products’ market cap is currently $5.72B and has a P/E ratio of 21.50. The company has a Price to Book ratio of 44.27.
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. 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.
Read More on SON: