Sonoco Products Co (SON) Stock AnalysisSONStock AnalysisSonoco Products Co

Sonoco Products Company is a global designer, developer, and manufacturer of a variety of highly engineered and sustainable packaging serving multiple end markets. Its segments include Consumer Packaging and Industrial Paper Packaging. Products within the Consumer Packaging segment consist of rigid packaging (paper, metal, and plastic), primarily serving the consumer staples market focused on food, beverage, household, personal, and pharmaceutical products. Its rigid paper containers are manufactured from 100% recycled paperboard provided primarily from Sonoco global paper operations. These paper products are primarily used in the food and beverage markets. Products within the Industrial Paper Packaging segment consist primarily of goods produced from recycled fiber, including paperboard tubes, cores, cones and cans; partitions; paper-based protective materials; and uncoated recycled paperboard for high-end applications, such as folding cartons, can board, and laminated structures. It operates in the Basic Materials sector (PAPERBOARD CONTAINERS & BOXES industry).

Sonoco Products Co is currently not a strong buy due to its low RSI of 35.078, indicating it is nearing oversold territory, and a recent price drop of 5.06% over the last five days. However, the median analyst price target of $63 suggests a potential upside of 11.2% from the current price of $56.47, which could be attractive for long-term investors.

11 analysts cover SON: 2 rate it Buy, 8 Hold and 1 Sell. The average price target is 52.71.