Sonoco Products (NYSE: SON) had its price target upped by Barclays Capital from $30.00 to $32.00 in a research report sent to investors on Friday morning. The firm currently has an equal weight rating on the stock.
SON has been the subject of a number of other recent research reports. Analysts at Jefferies & Co. raised their price target on shares of Sonoco Products from $33.00 to $34.00 in a research note to investors on Thursday, February 14th. They now have a hold rating on the stock. Separately, analysts at Oppenheimer reiterated an outperform rating on shares of Sonoco Products in a research note to investors on Wednesday, February 13th. They now have a $36.00 price target on the stock. Finally, analysts at JPMorgan Chase downgraded shares of Sonoco Products from a neutral rating to an underweight rating in a research note to investors on Wednesday, January 9th. They now have a $32.00 price target on the stock, down previously from $34.00.
One investment analyst has rated the stock with a buy rating, one has assigned an overweight rating, ten have given a hold rating, one has assigned an underweight rating, and one has given a sell rating to the company’s stock. Sonoco Products presently has a consensus rating of hold and a consensus price target of $33.67.
Shares of Sonoco Products traded down 0.49% during mid-day trading on Friday, hitting $32.21. Sonoco Products has a 52 week low of $28.61 and a 52 week high of $34.83. The stock’s 50-day moving average is currently $31.10. The company has a market cap of $3.306 billion and a P/E ratio of 16.95.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 8th. Stockholders of record on Wednesday, February 27th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Monday, February 25th.
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