# Sonoco Products Company – Consensus ‘buy’ rating and 21.8% Upside Potential

- Link: https://www.directorstalkinterviews.com/sonoco-products-company-consensus-buy-rating-and-21.8-upside-potential/4121130997
- Published: 2023-10-26T13:41:23+01:00
- Author: Charlotte Edwards

**Sonoco Products Company** with ticker code (SON) have now 5 confirmed analysts
covering the stock with the consensus suggesting a rating of ‘buy’. The range between
the high target price and low target price is between 65 and 50 calculating the 
average target price we see $61.60. Given that the stocks previous close was at 
$50.57 this would imply there is now a potential upside of 21.8%. The 50 day moving
average now sits at $54.49 and the 200 day MA is $58.13. The company has a market
capitalization of 4.94B. The current share price for the company is: 50.47 USD

 The potential market cap would be $6,022,169,814 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 10.34, 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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