# Sonoco Products Company – Consensus ‘buy’ rating and 16.0% Upside Potential

- Link: https://www.directorstalkinterviews.com/sonoco-products-company-consensus-buy-rating-and-16.0-upside-potential/4121129818
- Published: 2023-10-13T15:20:39+01:00
- Author: Charlotte Edwards

**Sonoco Products Company** with ticker code (SON) now have 5 market analysts covering
the stock. The analyst consensus now points to a rating of ‘buy’. The target price
High/Low ranges between 65 and 55 suggesting an average Analsyt target price of 
$62.60. Given that the stocks previous close was at $53.96 and the analysts are 
correct then we can expect a percentage increase in value of 16.0%. Also worth taking
note is the 50 day moving average now sits at $55.39 and the 200 day moving average
is $58.50. The company has a market cap of 5.13B. The current share price for the
company is: 52.4 USD

 The potential market cap would be $5,954,778,549 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 10.74, 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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