Sonoco Products Company (SON)
NYSE: SON · Real-Time Price · USD
49.42
-0.73 (-1.46%)
Dec 20, 2024, 4:00 PM EST - Market closed
Sonoco Products Company Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for SON stock have an average target of 59, with a low estimate of 52 and a high estimate of 63. The average target predicts an increase of 19.38% from the current stock price of 49.42.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SON stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 0 | 0 | 0 | 1 | 1 |
| Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 3 | 3 | 3 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Strong Buy Initiates $63 | Strong Buy | Initiates | $63 | +27.48% | Nov 26, 2024 |
| Baird | Baird | Hold Maintains $58 → $55 | Hold | Maintains | $58 → $55 | +11.29% | Nov 4, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $62 → $63 | Strong Buy | Maintains | $62 → $63 | +27.48% | Oct 2, 2024 |
| Wells Fargo | Wells Fargo | Hold → Sell Downgrades $54 → $52 | Hold → Sell | Downgrades | $54 → $52 | +5.22% | Aug 21, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $55 → $54 | Hold | Maintains | $55 → $54 | +9.27% | Aug 2, 2024 |
Financial Forecast
Revenue This Year
6.59B
from 6.78B
Decreased by -2.85%
Revenue Next Year
6.69B
from 6.59B
Increased by 1.53%
EPS This Year
5.16
from 4.80
Increased by 7.52%
EPS Next Year
5.40
from 5.16
Increased by 4.71%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.9B | 7.2B | 7.4B |
| Avg | 6.6B | 6.7B | 6.9B |
| Low | 6.4B | 6.4B | 6.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.9% | 8.5% | 10.0% |
| Avg | -2.9% | 1.5% | 2.7% |
| Low | -6.1% | -3.1% | -2.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.43 | 5.78 | 6.20 |
| Avg | 5.16 | 5.40 | 5.87 |
| Low | 4.95 | 5.15 | 5.63 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.1% | 11.9% | 14.6% |
| Avg | 7.5% | 4.7% | 8.7% |
| Low | 3.1% | -0.3% | 4.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.