# Sonoco Products Company  Share Price Target ‘$61.60’, now 24.3% Upside Potential

- Link: https://www.directorstalkinterviews.com/sonoco-products-company-share-price-target-61.60-now-24.3-upside-potential/4121163956
- Published: 2024-07-05T16:19:59+01:00
- Author: Charlotte Edwards

**Sonoco Products Company** with ticker code (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 $57.00 and has 
a mean share price target at $61.60. (at the time of writing). Given that the stocks
previous close was at $49.57 and the analysts are correct then we can expect a percentage
increase in value of 24.3%. The 50 day moving average now sits at $57.51 while the
200 day moving average is $56.15. The total market capitalization for the company
now stands at 4.78B. The stock price for the company is currently $48.68 USD

 The potential market cap would be $5,943,983,759 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 12.29, 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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