Headlines about Sonoco Products (NYSE:SON) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sonoco Products earned a news impact score of 0.13 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.397261493996 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
Shares of Sonoco Products (SON) traded up $0.37 during trading on Monday, reaching $50.32. 391,219 shares of the company were exchanged, compared to its average volume of 482,542. The stock has a market cap of $4,965.08, a price-to-earnings ratio of 18.50, a PEG ratio of 3.42 and a beta of 1.12. Sonoco Products has a 1 year low of $47.10 and a 1 year high of $55.77. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.59 and a quick ratio of 1.11.
Several brokerages have weighed in on SON. Zacks Investment Research raised Sonoco Products from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Friday, January 12th. KeyCorp reaffirmed a “hold” rating on shares of Sonoco Products in a research report on Sunday, December 3rd. Barclays upgraded Sonoco Products from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $49.00 to $55.00 in a research report on Friday, December 15th. Finally, Robert W. Baird restated a “buy” rating and set a $60.00 target price on shares of Sonoco Products in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Sonoco Products currently has a consensus rating of “Hold” and a consensus target price of $53.86.
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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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