Sonoco Products Company (SON) Stock: Identifying Value and Future Vision

Sonoco Products Company [SON] stock is trading at $61.20, up down -1.99%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SON shares have lost -2.36% over the last week, with a monthly amount glided 5.88%, and seem to be holding up well over a long-time horizon.

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On 3, August 2022, Sonoco Releases 2021-22 Corporate Sustainability Report, Renews 2030 Commitments. In a post published today on Yahoo Finance, Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today released its 2021-22 Corporate Responsibility Report, renewing ambitious 2030 commitments to reduce greenhouse gas emissions and energy usage. The Science Based Targets align with the Paris Climate Agreement, which seeks to limit global warming temperatures well below -2 degrees Celsius above pre-industrial levels.

From an analyst’s perspective:

Sonoco Products Company [NYSE: SON] stock has seen the most recent analyst activity on July 01, 2022, when Citigroup initiated its Buy rating and assigned the stock a price target of $66. Previously, Seaport Research Partners downgraded its rating to Neutral on April 22, 2022. On December 21, 2021, upgrade upgraded it’s rating to Buy. BofA Securities downgraded its rating to a Underperform and decreased its price target to $63 on October 14, 2021. Seaport Global Securities downgraded its rating to a Neutral. Wells Fargo downgraded its rating to Equal Weight for this stock on April 08, 2021, but kept the price target unchanged to $69. In a note dated January 26, 2021, BMO Capital Markets downgraded an Market Perform rating on this stock and revised its target price from $68 to $65.

Sonoco Products Company [SON] stock has fluctuated between $51.52 and $67.06 over the past year. Currently, Wall Street analysts expect the stock to reach $67.86 within the next 12 months. Sonoco Products Company [NYSE: SON] shares were valued at $61.20 at the most recent close of the market. An investor can expect a potential return of 10.88% based on the average price forecast.

Analyzing the SON fundamentals

Sonoco Products Company [NYSE:SON] reported sales of 1.91 billion for the most recent quarter, which represents a growth of 30.90%. Gross Margin for this corporation currently stands at +18.90% with Operating Margin at +9.18%, Pretax Margin comes in at -2.88%, and Net Margin reading is -1.53%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 60.82 points at the first support level, and at 60.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.95, and for the 2nd resistance point, it is at 62.71.

Sonoco Products Company [SON] reported earnings per share of $1.76 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.66/share, meaning a difference of $0.1 and a surprise factor of 6.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.85 per share as compared to estimates of $1.72 per share, a difference of $0.13 representing a surprise of 7.60%.

Ratios To Look Out For

For context, Sonoco Products Company’s Current Ratio is 1.30. As well, the Quick Ratio is 0.72, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 3.07 and the P/E (TTM) ratio is 14.28.

Transactions by insiders

Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 0 selling 0 shares in the past 3 months. Recent insider trading involved Haynes Ernest D III, Pres. Sonoco Metal Packaging, that happened on Jul 29 when 1673.0 shares were sold. Chief Operating Officer, Fuller Rodger D completed a deal on Jul 22 to sell 1898.0 shares. Meanwhile, VP, CFO Albrecht Julie C sold 1693.0 shares on Apr 25.