Sonoco Stock Hits New 52-Week High (SON)

NEW YORK ( TheStreet) -- Sonoco Products Company (NYSE: SON) hit a new 52-week high Thursday as it traded at $36.78 compared with its previous 52-Week high of $36.76. Sonoco is changing hands at $36.74 with 141,629 shares traded as of 12:07 p.m. ET. Average volume has been 411,400 shares over the past 30 days.

Sonoco has a market cap of $3.6 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 6.6% year to date as of the close of trading on Wednesday.

Sonoco Products Company provides industrial and consumer packaging products, and packaging services in North and South America, Europe, Australia, and Asia. The company has a P/E ratio of 18.1, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates Sonoco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, notable return on equity, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Sonoco Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker