Sonoco Products Company (SON)

Sonoco Products Company Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for SON stock have an average target of 58, with a low estimate of 52 and a high estimate of 63. The average target predicts an increase of 15.79% from the current stock price of 50.09.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$52	$58	$62	$63
Change	+3.81%	+15.79%	+23.78%	+25.77%

Analyst Ratings

The average analyst rating for SON stock from 4 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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	1	1	1	1	1	1
Buy	0	1	1	1	1	1
Hold	2	2	0	0	0	1
Sell	0	0	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	3	4	3	3	3	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ghansham Panjabi Baird	Baird	Hold Maintains $58 → $55	Hold	Maintains	$58 → $55	+9.80%	Nov 4, 2024
Anthony Pettinari Citigroup	Citigroup	Strong Buy Maintains $62 → $63	Strong Buy	Maintains	$62 → $63	+25.77%	Oct 2, 2024
Gabe Hajde Wells Fargo	Wells Fargo	Hold → Sell Downgrades $54 → $52	Hold → Sell	Downgrades	$54 → $52	+3.81%	Aug 21, 2024
Gabe Hajde Wells Fargo	Wells Fargo	Hold Maintains $55 → $54	Hold	Maintains	$55 → $54	+7.81%	Aug 2, 2024
Matt Roberts Raymond James	Raymond James	Buy Initiates $62	Buy	Initiates	$62	+23.78%	Jul 19, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

6.60B

Decreased by -2.75%

from 6.78B

Revenue Next Year

7.70B

Increased by 16.79%

from 6.60B

EPS This Year

5.15

Increased by 7.35%

from 4.80

EPS Next Year

5.80

Increased by 12.59%

from 5.15

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	5.37B	5.24B	5.59B	7.25B	6.78B	6.60B	7.70B	8.66B
Revenue Growth	-0.31%	-2.54%	6.74%	29.70%	-6.47%	-2.75%	16.79%	12.37%
EPS	2.88	2.05	-0.86	4.72	4.80	5.15	5.80	6.29
EPS Growth	-7.10%	-28.82%	-	-	1.69%	7.35%	12.59%	8.40%
Forward PE	-	-	-	-	-	9.72	8.63	7.96
No. Analysts	-	-	-	-	-	10	10	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	6.9B	9.7B	10.1B
Avg	6.6B	7.7B	8.7B
Low	6.4B	6.4B	6.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	1.9%	46.7%	30.9%
Avg	-2.7%	16.8%	12.4%
Low	-6.1%	-3.2%	-15.2%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	5.43	7.06	7.12
Avg	5.15	5.80	6.29
Low	4.95	5.15	5.68

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	13.1%	36.9%	22.7%
Avg	7.3%	12.6%	8.4%
Low	3.1%	-0.1%	-2.0%

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.