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

Analysts fell to the sidelines weighing in on Crown Holdings (NYSE: CCK) and Sonoco Products Company (NYSE: SON) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Crown Holdings (NYSE: CCK)

Deutsche Bank analyst Debbie Jones maintained a Hold rating on Crown Holdings (NYSE: CCK) on July 22 and set a price target of $55. The company’s shares closed last Friday at $52.99.

According to TipRanks.com, Jones is a 1-star analyst with an average return of -2.7% and a 55.1% success rate. Jones covers the Consumer Goods sector, focusing on stocks such as Graphic Packaging, Silgan Holdings, and Sonoco Products.

Currently, the analyst consensus on Crown Holdings is Moderate Buy and the average price target is $59.67, representing a 12.6% upside.

In a report issued on July 18, Credit Suisse also reiterated a Hold rating on the stock with a $58 price target.
Sonoco Products Company (NYSE: SON)

Deutsche Bank analyst Debbie Jones maintained a Hold rating on Sonoco Products (NYSE: SON) on July 22 and set a price target of $42. The company’s shares closed last Friday at $51.45, close to its 52-week high of $52.

According to TipRanks.com, Jones is a 1-star analyst with an average return of -2.7% and a 55.1% success rate. Jones covers the Consumer Goods sector, focusing on stocks such as Graphic Packaging, Silgan Holdings, and Crown Holdings.

Currently, the analyst consensus on Sonoco Products is Hold and the average price target is $49.50, representing a -3.8% downside.

In a report issued on July 14, Jefferies also maintained a Hold rating on the stock with a $46 price target.