Trade-Ideas LLC identified

Sonoco Products

(

SON

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Sonoco Products as such a stock due to the following factors:

  • SON has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $25.8 million.
  • SON has traded 5,038 shares today.
  • SON is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in SON with the Ticky from Trade-Ideas. See the FREE profile for SON NOW at Trade-Ideas

More details on SON:

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The stock currently has a dividend yield of 3%. SON has a PE ratio of 19. Currently there are 2 analysts that rate Sonoco Products a buy, 1 analyst rates it a sell, and 6 rate it a hold.

The average volume for Sonoco Products has been 509,900 shares per day over the past 30 days. Sonoco has a market cap of $4.7 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 1.17 and a short float of 2% with 4.16 days to cover. Shares are up 14.9% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Sonoco Products as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

  • SONOCO PRODUCTS CO has improved earnings per share by 14.6% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, SONOCO PRODUCTS CO increased its bottom line by earning $2.45 versus $2.19 in the prior year. This year, the market expects an improvement in earnings ($2.68 versus $2.45).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Containers & Packaging industry. The net income increased by 14.4% when compared to the same quarter one year prior, going from $49.02 million to $56.06 million.
  • Compared to where it was trading a year ago, SON's share price has not changed very much due to (a) the relatively weak year-over-year performance of the overall market, (b) the company's stagnant earnings, and (c) other mixed results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The debt-to-equity ratio is somewhat low, currently at 0.74, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.93 is somewhat weak and could be cause for future problems.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Containers & Packaging industry and the overall market on the basis of return on equity, SONOCO PRODUCTS CO has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.