Shares of Sonoco Products Co (NYSE:SON) have been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $54.67.
Several equities research analysts have weighed in on the stock. TheStreet cut shares of Sonoco Products from a “b” rating to a “c+” rating in a research report on Friday, February 16th. Vertical Research raised shares of Sonoco Products from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research cut shares of Sonoco Products from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Barclays raised shares of Sonoco Products from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $49.00 to $55.00 in a research report on Friday, December 15th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Sonoco Products in a research report on Sunday, December 3rd.
Shares of SON stock traded up $0.05 on Wednesday, reaching $46.65. 685,907 shares of the company’s stock traded hands, compared to its average volume of 536,530. The stock has a market cap of $4,636.11, a PE ratio of 16.76, a P/E/G ratio of 3.12 and a beta of 1.19. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Sonoco Products has a fifty-two week low of $46.55 and a fifty-two week high of $55.77.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Wednesday, February 28th were given a $0.39 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.56 annualized dividend and a dividend yield of 3.34%. Sonoco Products’s dividend payout ratio is 89.66%.
Several large investors have recently bought and sold shares of SON. Ffcm LLC purchased a new stake in shares of Sonoco Products in the 3rd quarter worth about $113,000. First Personal Financial Services lifted its position in shares of Sonoco Products by 235.7% in the 4th quarter. First Personal Financial Services now owns 2,182 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 1,532 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Sonoco Products by 68.7% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,027 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 1,233 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in shares of Sonoco Products in the 4th quarter worth about $176,000. Finally, Howland Capital Management LLC bought a new position in shares of Sonoco Products in the 4th quarter worth about $201,000. 70.68% of the stock is owned by hedge funds and other institutional investors.
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About Sonoco Products
Sonoco Products Company is engaged in manufacturing of industrial and consumer packaging products, and providing packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.
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