Somewhat Critical Press Coverage Very Likely to Affect Sonoco Products (NYSE:SON) Stock Price
Press coverage about Sonoco Products (NYSE:SON) has been trending somewhat negative this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sonoco Products earned a media sentiment score of -0.15 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 90 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Sonoco Products Company (SON) Raised to “Hold” at Vertical Research (americanbankingnews.com)
- Sonoco finalizes Clear Lam acquisition (labelsandlabeling.com)
- Sonoco’s 2016-2017 Corporate Responsibility Report shows steady progress (finance.yahoo.com)
- Sonoco Products Company (NYSE:SON) Sees Unusual Trading Volume in Its Shares (highlightpress.com)
Sonoco Products (SON) traded up 0.76% on Friday, reaching $49.35. 982,681 shares of the company’s stock traded hands. Sonoco Products has a 12-month low of $48.41 and a 12-month high of $55.58. The stock has a 50 day moving average price of $50.86 and a 200 day moving average price of $52.22. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 18.74 and a beta of 1.12.
Sonoco Products (NYSE:SON) last released its quarterly earnings data on Thursday, July 20th. The industrial products company reported $0.71 EPS for the quarter, meeting the consensus estimate of $0.71. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Sonoco Products had a net margin of 5.61% and a return on equity of 16.64%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. Analysts forecast that Sonoco Products will post $2.75 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 11th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Wednesday, August 9th. Sonoco Products’s dividend payout ratio (DPR) is currently 59.09%.
SON has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Sonoco Products from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Thursday, June 22nd. Vertical Research upgraded shares of Sonoco Products from a “sell” rating to a “hold” rating and set a $45.00 price objective on the stock in a research report on Wednesday. Jefferies Group LLC restated a “hold” rating and set a $48.00 price objective (up previously from $47.00) on shares of Sonoco Products in a research report on Sunday, April 23rd. DA Davidson upgraded shares of Sonoco Products from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $48.00 to $54.00 in a research report on Friday, April 21st. Finally, Robert W. Baird upgraded shares of Sonoco Products from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $55.00 to $60.00 in a research report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Sonoco Products presently has a consensus rating of “Hold” and an average price target of $52.57.
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About Sonoco Products
Sonoco Products Company is engaged in manufacturing of industrial and consumer packaging products, and providing packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.
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