Sonoco Products Company (NYSE:SON) hit a new 52-week high Thursday as it changed hands at $36.78 compared with its previous 52-week high of $36.76. Sonoco is currently trading at $36.74 with 141,629 shares changing hands as of 12:07 p.m..
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.