Sonoco Products Company – Consensus Indicates 9.4% Upside Potential

Sonoco Product Company with ticker code (SON) now have 6 analysts covering the stock. Analyst consensus points to a ‘Hold’ rating. The target price ranges between 70 and 64 calculating the average target price we see 65.83. Given that the stock’s previous close was at 60.15, this would indicate that there is upside potential of 9.4%. There is a 50-day moving average of 60.94 and the 200-day MA is 59.89. The company has a market cap of $5,807 million. More information at: https://www.sonoco.com

The potential market capitalization would be $6,355 million based on market consensus.

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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 round and shaped rigid paper containers of the consumer packaging sector; metallic and peelable membrane ends and closures; thermoformed plastic trays and containers; printed flexible packaging; and overall brand artwork management. The Industrial Paper Packaging segment provides fiber-based tubes, cones and cores; fiber-based building tubes; fiber-based protective packaging and components; wood, metal and composite wires and cables, as well as drums and spools; and recycled cardboard, corrugated cardboard, recovered paper and materials recycling services. Sonoco Products Company offers thermoformed rigid plastic trays and devices; custom molded foam protective packaging and components; guaranteed temperature packaging; injection molded and extruded containers, spools and parts; retail security packaging, including printed backing cards, blister packs and heat sealing equipment; and paper conveniences. The Company sells its products in various markets, including paper, textile, film, food, chemicals, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.

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