# Sonoco Products Company – Consensus ‘buy’ rating and 14.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/sonoco-products-company-consensus-buy-rating-and-14.4-upside-potential/4121127696
- Published: 2023-09-19T13:33:00+01:00
- Author: Charlotte Edwards

**Sonoco Products Company** which can be found using ticker (SON) have now 5 analysts
in total covering the stock. The consensus rating is pointing to ‘buy’. The range
between the high target price and low target price is between 69 and 55 suggesting
an average Analsyt target price of $63.60. Given that the stocks previous close 
was at $55.58 this indicates there is a potential upside of 14.4%. It’s also worth
noting that there is a 50 day moving average of $56.94 while the 200 day moving 
average is $59.09. The total market capitalization for the company now stands at
5.47B. The stock price for the company is currently 55.84 USD

 The potential market cap would be $6,259,157,927 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 11.44, revenue per share of 71.35
and a 6.41% return on assets.

Sonoco Products Company is a provider of variety of consumer packaging, industrial
and protective packaging products. The Company operates through two segments: Consumer
Packaging and Industrial Paper Packaging. Consumer Packaging segment consists of
rigid packaging (paper, metal, and plastic) and flexible packaging, primarily serving
the consumer staples market focused on food, beverage, household, and personal products.
Its rigid paper containers are manufactured from recycled paperboard. Its rigid 
plastic products are comprised of thermoformed plastic trays and enclosures for 
fresh produce, condiments, and pre-packaged foods. Its flexible packaging is comprised
primarily of plastic packaging serving a variety of food and personal product applications.
Its Paper Packaging segment produces and sells paperboard tubes, cones, and cores;
paper-based protective packaging; and uncoated recycled paperboard. The Company 
operates in approximately 310 locations in 32 countries.

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