Sonoco Products Company (NYSE:SON) Stock Has Average Price Target of $60.78 According to Brokerages

Sonoco Products Company (NYSE:SON) has earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $59.89.

SON has been the topic of several recent research reports. Bank of America downgraded shares of 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. Weiss Ratings lowered shares of Sonoco Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 11th. UBS Group decreased their target price on shares of Sonoco Products from $61.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Citigroup raised their price target on shares of Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Truist Financial raised their price target on shares of Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, July 24th.

Sonoco Products Price Performance

Shares of SON opened at $47.95 on Monday. Sonoco Products has a 12 month low of $38.65 and a 12 month high of $60.67. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.55. The stock has a fifty day moving average price of $52.98 and a 200 day moving average price of $52.81. The company has a market cap of $4.74 billion, a P/E ratio of 7.62, a PEG ratio of 1.22 and a beta of 0.35.

Sonoco Products (NYSE:SON) last posted its earnings results 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. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business posted $1.37 earnings per share. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, research analysts forecast that Sonoco Products will post 5.75 earnings per share for the current year.

Sonoco Products Announces Dividend

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

Institutional Trading of Sonoco Products

Several large investors have recently added to or reduced their stakes in the business. WPG Advisers LLC grew its stake in shares of Sonoco Products by 93.1% in the first quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 295 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in shares of Sonoco Products by 271.9% during the third quarter. Elevation Wealth Partners LLC now owns 1,127 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 824 shares in the last quarter. Hilltop National Bank raised its stake in shares of Sonoco Products by 49.7% during the second quarter. Hilltop National Bank now owns 1,777 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 590 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Sonoco Products by 34.7% during the first quarter. Parallel Advisors LLC now owns 1,778 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 458 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in Sonoco Products in the second quarter worth about $111,000. 77.69% of the stock is currently owned by institutional investors and hedge funds.

About Sonoco Products

Sonoco Products Company (NYSE:SON) is a global packaging company headquartered in Hartsville, South Carolina. Founded in 1899 as the Southern Novelty Company, Sonoco has developed into a diversified provider of packaging products and services for consumer and industrial markets.

The company produces consumer packaging such as rigid paper and plastic containers, metal cans, flexible packaging, thermoformed packaging, closures, and packaging displays. Its industrial packaging activities include paper tubes and cores, protective packaging, molded foam products, pallets, and other materials used to protect, store, and transport goods.