# Sonoco Products Company – Consensus ‘buy’ rating and 18.9% Upside Potential

- Link: https://www.directorstalkinterviews.com/sonoco-products-company-consensus-buy-rating-and-18.9-upside-potential/4121131787
- Published: 2023-11-01T14:42:27+00:00
- 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 $65.00 and $50.00 
calculating the average target price we see $61.60. Given that the stocks previous
close was at $51.81 this would indicate that there is a potential upside of 18.9%.
Also worth taking note is the 50 day moving average now sits at $54.13 and the 200
day MA is $57.94. The market capitalization for the company is 5.39B. The stock 
price for the company is currently $55.05 USD

 The potential market cap would be $6,411,451,842 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 11.28, revenue per share of $69.54
and a 6.55% 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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