Sonoco Products Company (NYSE:SON) Receives $61.78 Average Price Target from Analysts

Sonoco Products Company (NYSE:SON) has been given an average rating of “Hold” by the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $61.7778.

A number of equities research analysts recently weighed in on SON shares. Citigroup raised their price objective on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Truist Financial increased their price target 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. Robert W. Baird lowered their price target on shares of Sonoco Products from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Bank of America lifted their price objective on shares of Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen lowered shares of Sonoco Products from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd.

Hedge Funds Weigh In On Sonoco Products

Large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. boosted its position in shares of Sonoco Products by 77.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 258 shares in the last quarter. LRI Investments LLC acquired a new position in Sonoco Products during the 4th quarter valued at about $29,000. WPG Advisers LLC increased its position in Sonoco Products by 93.1% during the 1st quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock valued at $33,000 after buying an additional 295 shares in the last quarter. Larson Financial Group LLC raised its stake in Sonoco Products by 1,826.9% in the third quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock valued at $43,000 after buying an additional 950 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in Sonoco Products in the fourth quarter valued at about $47,000. 77.69% of the stock is owned by institutional investors and hedge funds.

Sonoco Products Stock Up 0.8%

Sonoco Products stock opened at $58.39 on Friday. The business has a fifty day moving average of $55.65 and a two-hundred day moving average of $53.39. The company has a quick ratio of 0.55, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. The firm has a market cap of $5.77 billion, a P/E ratio of 9.28, a P/E/G ratio of 1.22 and a beta of 0.37. Sonoco Products has a twelve month low of $38.65 and a twelve month high of $60.67.

Sonoco Products (NYSE:SON) last announced its 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 business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, analysts forecast that Sonoco Products will post 5.8 earnings per share for the current fiscal year.

Sonoco Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, August 10th. Sonoco Products’s payout ratio is currently 34.34%.

Sonoco Products Company Profile

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.