# Sonoco Products Company – Consensus ‘buy’ rating and 17.9% Upside Potential

- Link: https://www.directorstalkinterviews.com/sonoco-products-company-consensus-buy-rating-and-17.9-upside-potential/4121130306
- Published: 2023-10-20T13:39:25+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 target
price High/Low ranges between 65 and 55 calculating the mean target price we have
$62.60. Now with the previous closing price of $53.09 this is indicating there is
a potential upside of 17.9%. Also worth taking note is the 50 day moving average
now sits at $54.97 and the 200 day MA is $58.31. The total market capitalization
for the company now stands at 5.11B. The stock price for the company is currently
52.18 USD

 The potential market cap would be $6,026,950,150 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 10.69, 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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