Sonoco Products - SON Stock Forecast, Price & News

Sonoco Products Company, together with its subsidiaries, manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through two segments: Consumer Packaging and Industrial Paper Packaging. The Consumer Packaging segment round and shaped rigid paper containers; metal and peelable membrane ends and closures; thermoformed plastic trays and containers; printed flexible packaging; and global brand artwork management. The Industrial Paper Packaging segment provides fiber-based tubes, cones, and cores; fiber-based construction tubes; fiber-based protective packaging and components; wooden, metal, and composite wire and cable, as well as reels and spools; and recycled paperboard, corrugating medium, recovered paper, and material recycling services. Sonoco Products Company offers thermoformed rigid plastic trays and devices; custom-engineered molded foam protective packaging and components; temperature-assured packaging; injection molded and extruded containers, spools, and parts; retail security packaging, including printed backer cards, thermoformed blisters, and heat-sealing equipment; and paper amenities. The company sells its products in various markets, which include paper, textile, film, food, chemical, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Citigroup raised their price target on Sonoco Products to $73.00 in a research note on Monday, July 25th. Seaport Res Ptn lowered Sonoco Products from a "buy" rating to a "neutral" rating in a research note on Friday, April 22nd. Wells Fargo & Company raised their price target on Sonoco Products to $67.00 in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Sonoco Products from $63.00 to $65.00 in a report on Monday, April 18th. Finally, TheStreet upgraded Sonoco Products from a "c+" rating to a "b-" rating in a report on Thursday, July 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $65.57.

Sonoco Products Trading Up 1.8 %

Shares of NYSE:SON opened at $64.87 on Friday. Sonoco Products has a 12-month low of $51.52 and a 12-month high of $67.06. The business's fifty day simple moving average is $58.84 and its 200-day simple moving average is $59.17. The company has a market capitalization of $6.33 billion, a PE ratio of 15.16, a P/E/G ratio of 2.01 and a beta of 0.73. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 1.41.

Sonoco Products (NYSE:SON - Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.09. Sonoco Products had a return on equity of 28.33% and a net margin of 6.47%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the business posted $0.84 EPS. The business's revenue was up 38.4% compared to the same quarter last year. As a group, equities research analysts predict that Sonoco Products will post 6.33 earnings per share for the current fiscal year.

Sonoco Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Wednesday, August 10th will be issued a $0.49 dividend. The ex-dividend date is Tuesday, August 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.02%. Sonoco Products's dividend payout ratio is presently 45.79%.

Insider Transactions at Sonoco Products

In other news, COO Rodger D. Fuller sold 1,898 shares of the firm's stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $62.53, for a total value of $118,681.94. Following the completion of the sale, the chief operating officer now owns 83,818 shares of the company's stock, valued at approximately $5,241,139.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Ernest D. Haynes III sold 1,673 shares of the firm's stock in a transaction on Friday, July 29th. The stock was sold at an average price of $63.00, for a total value of $105,399.00. Following the completion of the sale, the insider now owns 5,063 shares of the company's stock, valued at approximately $318,969. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Rodger D. Fuller sold 1,898 shares of the firm's stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $62.53, for a total value of $118,681.94. Following the completion of the sale, the chief operating officer now directly owns 83,818 shares of the company's stock, valued at approximately $5,241,139.54. The disclosure for this sale can be found here. Insiders own 0.47% of the company's stock.