Sonoco Products (NYSE:SON) was upgraded by Vertical Research from a “hold” rating to a “buy” rating in a research note issued on Friday, The Fly reports.

SON has been the subject of a number of other reports. Zacks Investment Research raised Sonoco Products from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Tuesday, February 13th. KeyCorp reaffirmed a “hold” rating on shares of Sonoco Products in a research note on Sunday, December 3rd. Barclays raised Sonoco Products from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $49.00 to $55.00 in a research note on Friday, December 15th. Finally, TheStreet downgraded Sonoco Products from a “b” rating to a “c+” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Sonoco Products currently has an average rating of “Hold” and an average target price of $53.29.

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Shares of Sonoco Products (NYSE SON) opened at $46.60 on Friday. Sonoco Products has a 52 week low of $46.55 and a 52 week high of $55.77. The stock has a market capitalization of $4,768.43, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.21 and a beta of 1.19. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Sonoco Products (NYSE:SON) last issued its earnings results on Thursday, February 15th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). Sonoco Products had a return on equity of 16.63% and a net margin of 3.48%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $0.62 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. sell-side analysts anticipate that Sonoco Products will post 3.2 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. TD Asset Management Inc. increased its position in shares of Sonoco Products by 5.6% during the 3rd quarter. TD Asset Management Inc. now owns 20,918 shares of the industrial products company’s stock worth $1,055,000 after purchasing an additional 1,100 shares during the last quarter. Amalgamated Bank increased its position in shares of Sonoco Products by 5.9% during the 4th quarter. Amalgamated Bank now owns 19,805 shares of the industrial products company’s stock worth $1,052,000 after purchasing an additional 1,108 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Sonoco Products by 0.7% during the 4th quarter. California State Teachers Retirement System now owns 168,144 shares of the industrial products company’s stock worth $8,935,000 after purchasing an additional 1,161 shares during the last quarter. Novare Capital Management LLC increased its position in shares of Sonoco Products by 4.0% during the 4th quarter. Novare Capital Management LLC now owns 31,589 shares of the industrial products company’s stock worth $1,679,000 after purchasing an additional 1,215 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Sonoco Products by 68.7% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,027 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 1,233 shares during the last quarter. 70.68% of the stock is owned by hedge funds and other institutional investors.

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Sonoco Products Company Profile

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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Analyst Recommendations for Sonoco Products (NYSE:SON)

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