Sonoco Products Company (NYSE:SON) Receives $60.78 Average Target Price from Analysts

Sonoco Products Company (NYSE:SON) has received a consensus rating of “Hold” from the twelve research firms that are covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $60.7778.

Several equities analysts recently weighed in on SON shares. Weiss Ratings cut shares of Sonoco Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 11th. Citigroup boosted their price target on shares of Sonoco Products from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Truist Financial increased their price objective on shares of Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Bank of America lowered Sonoco Products from a “buy” rating to a “neutral” rating and cut their price objective for the company from $69.00 to $60.00 in a research report on Thursday, September 3rd.

Institutional Trading of Sonoco Products

A number of large investors have recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC grew its position in shares of Sonoco Products by 3.9% in the first quarter. Baker Ellis Asset Management LLC now owns 5,307 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 201 shares during the period. Powell Investment Advisors LLC raised its position in shares of Sonoco Products by 1.0% during the 4th quarter. Powell Investment Advisors LLC now owns 20,718 shares of the industrial products company’s stock worth $904,000 after purchasing an additional 203 shares during the last quarter. IFP Advisors Inc raised its position in shares of Sonoco Products by 8.6% during the 4th quarter. IFP Advisors Inc now owns 2,996 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 237 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Sonoco Products by 11.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,476 shares of the industrial products company’s stock valued at $134,000 after buying an additional 249 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in Sonoco Products by 77.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock valued at $26,000 after buying an additional 258 shares in the last quarter. Institutional investors own 77.69% of the company’s stock.

Sonoco Products Stock Up 0.4%

NYSE SON opened at $48.48 on Thursday. Sonoco Products has a 12 month low of $38.65 and a 12 month high of $60.67. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97. The stock has a market cap of $4.79 billion, a PE ratio of 7.71, a P/E/G ratio of 1.21 and a beta of 0.36. The stock’s 50 day moving average is $55.39 and its 200 day moving average is $53.35.

Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.04. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a net margin of 8.41% and a return on equity of 16.50%. The company’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm posted $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Research analysts predict that Sonoco Products will post 5.78 EPS for the current fiscal year.

Sonoco Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.16 dividend on an annualized basis and a yield of 4.5%. Sonoco Products’s dividend payout ratio is presently 34.34%.

About Sonoco Products

Sonoco Products Company is a diversified packaging company headquartered in Hartsville, South Carolina. Founded in 1899 as the Southern Novelty Company, it adopted the Sonoco name in 1923. The company serves customers in the food, beverage, household, consumer, industrial and other markets.

Sonoco manufactures a broad range of packaging and related products, including paperboard cans and tubes, rigid plastic containers, flexible packaging, metal containers, closures, and protective packaging.