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Sonoco downgraded to Neutral from Outperform at Baird » 08:06
01/07/20
01/07
08:06
01/07/20
08:06
SON

Sonoco

$59.31 /

-1.065 (-1.76%)

Baird analyst Ghansham…

Baird analyst Ghansham Panjabi downgraded Sonoco to Neutral from Outperform with an unchanged price target of $65.

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Hot Stocks
Esco Technologies finalizes sale of technical packaging business unit to Sonoco » 12:26
01/02/20
01/02
12:26
01/02/20
12:26
SON

Sonoco

$60.92 /

-0.81 (-1.31%)

, ESE

Esco Technologies

$92.93 /

+0.22 (+0.24%)

ESCO Technologies (ESE)…

ESCO Technologies (ESE) announced that on December 31, 2019, it completed the sale of its Technical Packaging business segment, consisting of Thermoform Engineered Quality LLC, Plastique Ltd. and Plastique sp. z o.o. to Sonoco Plastics, Inc. and Sonoco Holdings, Inc., subsidiaries of Sonoco Products Company (SON), a global manufacturer of industrial and consumer packaging products headquartered in Hartsville, South Carolina. On November 18, 2019, the company announced the signing of a definitive agreement regarding the sale and that it expected to finalize the transaction upon receipt of certain customary regulatory approvals. All regulatory approvals were obtained prior to closing. The transaction resulted in the receipt of gross cash proceeds of $187M. ESCO was represented by Stifel as sole financial advisor, and Bryan Cave Leighton Paisner LLP as legal advisor on this transaction.

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Recommendations
Sonoco running behind earlier objectives, says BMO Capital » 07:30
12/31/19
12/31
07:30
12/31/19
07:30
SON

Sonoco

$61.68 /

+0.33 (+0.54%)

BMO Capital analyst Mark…

BMO Capital analyst Mark Wilde keeps his Market Perform rating and $56 price target on Sonoco after the company's annual Analyst Day presentation earlier this month. The analyst notes that the management has "repositioned" its targets of $6B in revenue and 16% EBITDA margin to 2020, even though these were initially rolled out for 2017, suggesting that Sonoco may be "running behind" on its earlier objectives. Wilde adds that the company is facing the headwinds of a cyclical easing in its industrial business and an "anti-plastics sentiment", but believes that these risks are reflected in Sonoco's valuation.

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Over a month ago
Conference/Events
Sonoco management to meet with KeyBanc » 04:55
12/13/19
12/13
04:55
12/13/19
04:55
SON

Sonoco

$61.77 /

+0.86 (+1.41%)

Meeting to be held in San…

Meeting to be held in San Francisco, CA on December 13 hosted by KeyBanc.

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Conference/Events
Sonoco management to meet with KeyBanc » 06:59
12/12/19
12/12
06:59
12/12/19
06:59
SON

Sonoco

$60.91 /

+0.34 (+0.56%)

Meeting to be held in San…

Meeting to be held in San Francisco, CA on December 13 hosted by KeyBanc.

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Conference/Events
Sonoco management to meet with KeyBanc » 04:55
12/09/19
12/09
04:55
12/09/19
04:55
SON

Sonoco

$61.54 /

+1.63 (+2.72%)

Meeting to be held in Los…

Meeting to be held in Los Angeles, CA on December 9 hosted by KeyBanc.

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Conference/Events
Sonoco management to meet with KeyBanc » 09:42
12/06/19
12/06
09:42
12/06/19
09:42
SON

Sonoco

$59.91 /

+ (+0.00%)

Meeting to be held in Los…

Meeting to be held in Los Angeles, CA on December 9 hosted by KeyBanc.

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Earnings
Sonoco reaffirms FY19 base EPS view $3.50-$3.54, consensus $3.54  09:24
12/06/19
12/06
09:24
12/06/19
09:24
SON

Sonoco

$59.91 /

-0.04 (-0.07%)

 
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Earnings
Sonoco sees Q4 base EPS 72c-76c, consensus 75c  09:23
12/06/19
12/06
09:23
12/06/19
09:23
SON

Sonoco

$59.91 /

-0.04 (-0.07%)

 
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Conference/Events
Sonoco to host investor meeting » 07:25
12/06/19
12/06
07:25
12/06/19
07:25
SON

Sonoco

$59.91 /

-0.04 (-0.07%)

Investor meeting to be…

Investor meeting to be held in New York on December 6 at 8 am. Webcast Link

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