# Sonoco Products Company  Share Price Target ‘$63.60’, now 12.5% Upside Potential

- Link: https://www.directorstalkinterviews.com/sonoco-products-company-share-price-target-63.60-now-12.5-upside-potential/4121142059
- Published: 2024-02-09T13:58:18+00:00
- Author: Charlotte Edwards

**Sonoco Products Company** which can be found using ticker (SON) now have 5 market
analysts covering the stock. The analyst consensus now points to a rating of ‘buy’.
The range between the high target price and low target price is between $70.00 and
$58.00 with the average share target price sitting at $63.60. (at the time of writing).
Given that the stocks previous close was at $56.53 this would indicate that there
is a potential upside of 12.5%. It’s also worth noting that there is a 50 day moving
average of $56.47 and the 200 day MA is $56.75. The market capitalization for the
company is 5.57B. The stock price for the company is currently $56.89 USD

 The potential market cap would be $6,269,701,708 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 11.47, revenue per share of $69.46
and a 6.15% 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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