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Sonoco Products (SON) Receives a Hold from BMO Capital

BMO Capital analyst Mark Wilde maintained a Hold rating on Sonoco Products (SONResearch Report) today and set a price target of $65.00. The company’s shares closed last Monday at $61.81.

According to TipRanks.com, Wilde is a 5-star analyst with an average return of 12.5% and a 60.1% success rate. Wilde covers the Basic Materials sector, focusing on stocks such as International Paper Co, Ardagh Metal Packaging, and West Fraser Timber Co.

Currently, the analyst consensus on Sonoco Products is a Hold with an average price target of $68.33, a 9.7% upside from current levels. In a report issued on July 20, UBS also maintained a Hold rating on the stock with a $64.00 price target.

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The company has a one-year high of $67.06 and a one-year low of $51.52. Currently, Sonoco Products has an average volume of 538.4K.

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Sonoco Products Co. engages in the manufacture of industrial and consumer packaging products and provides packaging services. It operates through the following segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. The Consumer Packaging segment offers round composite cans, shaped rigid paperboard containers, fiber and plastic caulk/adhesive tubes, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; thermoformed rigid plastic trays, cups and bowls; injection molded containers, spools and parts; high-barrier flexible and forming plastic packaging films, modified atmosphere packaging, lidding films, printed flexible packaging, rotogravure cylinder engraving, global brand management. The Display and Packaging segment consists of point-of-purchase displays; custom packaging; retail packaging, including printed backer cards, thermoformed blisters and heat sealing equipment; fulfillment; primary package filling; supply chain management; paperboard specialties. The Paper and Industrial Converted Products segment includes recycled paperboard, chipboard, tubeboard, lightweight corestock, boxboard, linerboard, corrugating medium, specialty grades; paperboard tubes and cores, molded plugs, reels; collection, processing and recycling of old corrugated containers, paper, plastics, metal, glass and other recyclable materials. The Protective Solutions segment provides custom-engineered, paperboard-based and expanded foam protective packaging and components; temperature-assured packaging. The company was founded by James Lide Coker on May 10, 1899 and is headquartered at Hartsville, SC.

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