Shares of Sonoco Products Co (NYSE:SON) have received a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $52.00.

Several equities research analysts recently commented on SON shares. KeyCorp reissued a “hold” rating on shares of Sonoco Products in a report on Thursday, October 19th. Robert W. Baird reissued a “buy” rating and set a $60.00 target price on shares of Sonoco Products in a report on Friday, November 10th. Barclays upped their price target on Sonoco Products from $48.00 to $49.00 and gave the company an “underweight” rating in a report on Friday, October 20th. Zacks Investment Research raised Sonoco Products from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $48.00 price target on shares of Sonoco Products in a report on Thursday, September 7th.

In other Sonoco Products news, VP Marcy J. Thompson sold 565 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $51.00, for a total value of $28,815.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Barry L. Saunders sold 5,645 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $52.39, for a total value of $295,741.55. Following the completion of the transaction, the chief financial officer now directly owns 60,455 shares in the company, valued at approximately $3,167,237.45. The disclosure for this sale can be found here. Insiders sold 6,937 shares of company stock worth $363,088 in the last ninety days. 1.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ffcm LLC purchased a new position in Sonoco Products during the 3rd quarter worth approximately $113,000. Harfst & Associates Inc. purchased a new position in Sonoco Products during the 2nd quarter worth approximately $126,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sonoco Products by 18.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,752 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 589 shares in the last quarter. Seven Eight Capital LP purchased a new position in Sonoco Products during the 2nd quarter worth approximately $206,000. Finally, Tudor Investment Corp ET AL purchased a new position in Sonoco Products during the 2nd quarter worth approximately $220,000. 72.27% of the stock is currently owned by institutional investors.

Shares of Sonoco Products (NYSE:SON) traded down $0.08 during trading hours on Monday, reaching $54.67. The company had a trading volume of 389,700 shares, compared to its average volume of 529,299. Sonoco Products has a 1 year low of $47.10 and a 1 year high of $55.77. The company has a market capitalization of $5,434.25, a PE ratio of 20.40, a price-to-earnings-growth ratio of 4.18 and a beta of 1.15. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.11 and a current ratio of 1.59.

Sonoco Products (NYSE:SON) last announced its earnings results on Thursday, October 19th. The industrial products company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. Sonoco Products had a return on equity of 16.40% and a net margin of 5.63%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. equities analysts predict that Sonoco Products will post 2.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 10th were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $1.56 annualized dividend and a dividend yield of 2.85%. Sonoco Products’s dividend payout ratio is currently 57.35%.

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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.

Analyst Recommendations for Sonoco Products (NYSE:SON)

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