Shares of Sonoco Products Co (NYSE:SON) have earned an average rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $60.33.

Several analysts have recently issued reports on SON shares. Robert W. Baird decreased their price target on Sonoco Products from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Vertical Research upgraded Sonoco Products from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. BMO Capital Markets upgraded Sonoco Products from an “underperform” rating to a “market perform” rating and set a $56.00 target price for the company in a research note on Friday, October 18th. Vertical Group upgraded Sonoco Products from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Finally, KeyCorp restated a “hold” rating on shares of Sonoco Products in a research note on Thursday, July 18th.

Large investors have recently made changes to their positions in the stock. Krane Funds Advisors LLC bought a new stake in Sonoco Products during the 2nd quarter valued at approximately $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Sonoco Products in the 3rd quarter worth approximately $34,000. Captrust Financial Advisors lifted its position in shares of Sonoco Products by 84.4% in the 2nd quarter. Captrust Financial Advisors now owns 651 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 298 shares during the period. FinTrust Capital Advisors LLC lifted its position in shares of Sonoco Products by 311.5% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 679 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 514 shares during the period. Finally, Kavar Capital Partners LLC bought a new stake in shares of Sonoco Products in the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 73.74% of the company’s stock.

Shares of SON traded up $0.18 during trading hours on Monday, hitting $59.06. 265,800 shares of the company were exchanged, compared to its average volume of 460,529. The company has a market cap of $5.89 billion, a PE ratio of 17.53, a PEG ratio of 3.70 and a beta of 0.88. The firm’s 50 day moving average is $57.91 and its 200-day moving average is $60.59. Sonoco Products has a 52 week low of $50.30 and a 52 week high of $66.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.20.

Sonoco Products (NYSE:SON) last released its quarterly earnings results on Thursday, October 17th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.06. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.39 billion. Sonoco Products had a return on equity of 20.08% and a net margin of 5.99%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 EPS. As a group, equities analysts forecast that Sonoco Products will post 3.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.72 annualized dividend and a yield of 2.91%. Sonoco Products’s payout ratio is 51.04%.

About Sonoco Products

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures.

Featured Article: Holder of Record

Analyst Recommendations for Sonoco Products (NYSE:SON)

Receive News & Ratings for Sonoco Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonoco Products and related companies with MarketBeat.com's FREE daily email newsletter.