A share price of Sonoco Products Co. [SON] is currently trading at $53.45, down -0.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The SON shares have gain 5.15% over the last week, with a monthly amount glided 2.08%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sonoco Products Co. [NYSE: SON] stock has seen the most recent analyst activity on August 21, 2024, when Wells Fargo downgraded its rating to a Underweight and also revised its price target to $52 from $54. Previously, Raymond James started tracking the stock with Outperform rating on July 19, 2024, and set its price target to $62. On August 03, 2023, downgrade downgraded it’s rating to Hold. Seaport Research Partners upgraded its rating to a Buy but stick to its price target of $65 on March 20, 2023. Argus upgraded its rating to a Buy but $67 remained the price target by the analyst firm on February 14, 2023. BMO Capital Markets downgraded its rating to Underperform for this stock on October 31, 2022, and downed its price target to $58. In a note dated October 13, 2022, BofA Securities upgraded an Buy rating on this stock but restated the target price of $76.
Sonoco Products Co. experienced fluctuations in its stock price throughout the past year between $48.22 and $61.73. Currently, Wall Street analysts expect the stock to reach $70.17 within the next 12 months. Sonoco Products Co. [NYSE: SON] shares were valued at $53.45 at the most recent close of the market. An investor can expect a potential return of 31.28% based on the average SON price forecast.
Analyzing the SON fundamentals
Trailing Twelve Months sales for Sonoco Products Co. [NYSE:SON] were 6.60B which represents -4.67% decline. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.15 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Sonoco Products Co. [NYSE:SON] is 1.30. On the other hand, the Quick Ratio is 0.85, and the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 2.16 and price to earnings (TTM) ratio is 14.39.
Transactions by insiders
Recent insider trading involved Wood Adam, VP Paper&Ind Converted Prod, that happened on Mar 06 ’24 when 537.0 shares were sold. Pres Global Flexible Packaging, Grissett Russell K completed a deal on Feb 28 ’24 to sell 2039.0 shares. Meanwhile, Pres., Diversified Business Tomaszewski Jeffrey S sold 10500.0 shares on Feb 23 ’24.
