Robert W. Baird analyst Ghansham Panjabi maintained a Hold rating on Sonoco Products (NYSE:SON) on Friday, setting a price target of $68, which is approximately 7.97% above the present share price of $62.98.
Panjabi expects Sonoco Products to post earnings per share (EPS) of -$3.32 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Sonoco Products, with an average price target of $66.25.
The analysts price targets range from a high of $68 to a low of $64.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.38 billion and a net profit of $133.85 million. The company's market cap is $6.34 billion.
According to TipRanks.com, Robert W. Baird analyst Ghansham Panjabi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.8% and a 74.54% success rate.
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 (NYSE:PKG), 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.