# Sonoco Products Company  Share Price Target ‘$60.80’, now 24.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/sonoco-products-company-share-price-target-60.80-now-24.2-upside-potential/4121164728
- Published: 2024-07-12T15:13:52+01:00
- Author: Charlotte Edwards

**Sonoco Products Company** with ticker code (SON) now have 5 confirmed analysts
covering the stock with the consensus suggesting a rating of ‘buy’. The target price
High/Low ranges between $65.00 and $57.00 calculating the average target share price
we see $60.80. (at the time of writing). Now with the previous closing price of 
$48.94 this indicates there is a potential upside of 24.2%. Also worth taking note
is the 50 day moving average now sits at $56.75 while the 200 day moving average
is $56.00. The market cap for the company is 4.87B. The stock price for the company
is currently $49.61 USD

 The potential market cap would be $6,055,836,236 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 12.53, revenue per share of $67.99
and a 5.77% 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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