Analysts Offer Insights on Consumer Goods Companies: Crown Holdings (NYSE: CCK) and Sonoco Products (NYSE: SON)

By Ryan Adsit

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Crown Holdings (NYSE: CCK) and Sonoco Products (NYSE: SON).

Crown Holdings (NYSE: CCK)

Jefferies analyst Philip Ng reiterated a Buy rating on Crown Holdings (NYSE: CCK) yesterday and set a price target of $63. The company’s shares opened today at $55.07.

According to TipRanks.com, Ng is a top 100 analyst with an average return of 16.1% and a 74.7% success rate. Ng covers the Consumer Goods sector, focusing on stocks such as Orchids Paper Products Company, International Paper Co, and Graphic Packaging.

Currently, the analyst consensus on Crown Holdings is Moderate Buy and the average price target is $63.25, representing a 14.9% upside.

In a report issued on April 12, BMO Capital also reiterated a Buy rating on the stock with a $65 price target.
Sonoco Products (NYSE: SON)

In a report released yesterday, Laurence Alexander from Jefferies reiterated a Hold rating on Sonoco Products (NYSE: SON), with a price target of $48. The company’s shares opened today at $53.21.

According to TipRanks.com, Alexander is a top 100 analyst with an average return of 13.7% and a 68.6% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Commercial Metals Company, and GCP Applied Technologies.

Currently, the analyst consensus on Sonoco Products is Hold and the average price target is $50.25, representing a -5.6% downside.

In a report released today, D.A. Davidson also upgraded the stock to Hold with a $54 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.