Sonoco Products Company (NYSE:SON) Receives $61.33 Consensus Target Price from Brokerages

Sonoco Products Company (NYSE:SON) has earned an average recommendation of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $61.7778.

Several analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of Sonoco Products from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Weiss Ratings cut shares of Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of Sonoco Products in a research note on Wednesday, April 1st. They issued a “buy” rating and a $63.00 price target on the stock. Argus raised Sonoco Products to a “hold” rating in a report on Monday, April 20th. Finally, Citigroup boosted their price objective on Sonoco Products from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th.

Sonoco Products Price Performance

Shares of NYSE SON opened at $60.45 on Wednesday. Sonoco Products has a 1-year low of $38.65 and a 1-year 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 business’s fifty day moving average price is $52.67 and its two-hundred day moving average price is $52.24. The firm has a market capitalization of $5.98 billion, a PE ratio of 9.61, a P/E/G ratio of 1.22 and a beta of 0.37.

Sonoco Products (NYSE:SON) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.04. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, research analysts expect that Sonoco Products will post 5.79 EPS for the current year.

Sonoco Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, August 10th. Sonoco Products’s payout ratio is 34.34%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SON. Baker Ellis Asset Management LLC raised its stake in shares of Sonoco Products by 3.9% during 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 in the last quarter. Powell Investment Advisors LLC grew its position in Sonoco Products by 1.0% in the 4th quarter. Powell Investment Advisors LLC now owns 20,718 shares of the industrial products company’s stock valued at $904,000 after buying an additional 203 shares in the last quarter. IFP Advisors Inc increased its stake in Sonoco Products by 8.6% during the 4th quarter. IFP Advisors Inc now owns 2,996 shares of the industrial products company’s stock valued at $131,000 after buying an additional 237 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Sonoco Products by 11.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,476 shares of the industrial products company’s stock worth $134,000 after buying an additional 249 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in shares of Sonoco Products by 77.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock worth $26,000 after buying an additional 258 shares in the last quarter. 77.69% of the stock is owned by institutional investors and hedge funds.

About Sonoco Products

Sonoco Products Company (NYSE: SON) is a global provider of diversified packaging solutions, serving a wide range of consumer, industrial and retail markets. The company offers a broad portfolio that includes rigid paper and plastic containers, flexible packaging, industrial core and tube products, thermoformed plastics, retail point-of-purchase displays, and packaging supply chain services. Through its solutions, Sonoco helps customers in food and beverage, personal care, chemicals, healthcare, home and garden, and electronics industries address their packaging needs, improve product shelf appeal, and optimize logistics efficiency.

With operations in more than 30 countries across North America, South America, Europe, Asia and Africa, Sonoco leverages a global network of manufacturing facilities, recycling centers and distribution channels to meet the demands of multinational and regional customers.