Sonoco Products Co [SON] stock prices are down -0.36% to $46.88 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SON shares have gain 1.08% over the last week, with a monthly amount drifted -4.05%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Sonoco Products Co [NYSE: SON] stock has seen the most recent analyst activity on November 26, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $63. Previously, Wells Fargo downgraded its rating to Underweight on August 21, 2024, and dropped its price target to $52. On July 19, 2024, Raymond James initiated with a Outperform rating and assigned a price target of $62 on the stock. Argus downgraded its rating to a Hold. Seaport Research Partners upgraded its rating to a Buy but $65 remained the price target by the analyst firm on March 20, 2023. Argus upgraded its rating to Buy for this stock on February 14, 2023, but kept the price target unchanged to $67. In a note dated October 31, 2022, BMO Capital Markets downgraded an Underperform rating on this stock and revised its target price from $65 to $58.
The stock price of Sonoco Products Co [SON] has been fluctuating between $44.35 and $61.73 over the past year. Currently, Wall Street analysts expect the stock to reach $55 within the next 12 months. Sonoco Products Co [NYSE: SON] shares were valued at $46.88 at the most recent close of the market. An investor can expect a potential return of 17.32% based on the average SON price forecast.
Analyzing the SON fundamentals
The Sonoco Products Co [NYSE:SON] reported sales of 6.30B for trailing twelve months, representing a drop of -16.45%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.01.
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 46.46 points at the first support level, and at 46.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.22, and for the 2nd resistance point, it is at 47.56.
Ratios To Look Out For
It’s worth pointing out that Sonoco Products Co [NYSE:SON]’s Current Ratio is 0.79. Further, the Quick Ratio stands at 0.54, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 1.86 and price to earnings (TTM) ratio is 28.41.
Transactions by insiders
Recent insider trading involved Haynes Ernest D III, Officer, that happened on Feb 26 ’25 when 2453.0 shares were purchased. President & CEO, Coker R. Howard completed a deal on Feb 21 ’25 to buy 20000.0 shares. Meanwhile, Director HILL ROBERT R JR sold 4000.0 shares on Jan 07 ’25.
