Sonoco Products Company’s (NYSE:SON) Share Price Matching Investor Opinion
With a price-to-earnings (or “P/E”) ratio of 49.3x Sonoco Products Company (NYSE:SON) may be sending very bearish signals at the moment, given that almost half of all companies in the United States have P/E ratios under 18x and even P/E’s lower than 11x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
Sonoco Products could be doing better as its earnings have been going backwards lately while most other companies have been seeing positive earnings growth. It might be that many expect the dour earnings performance to recover…
