Sonoco Products Company (SON)
NYSE: SON · IEX Real-Time Price · USD
51.88
-0.04 (-0.08%)
At close: Jul 19, 2024, 4:00 PM
51.91
+0.03 (0.06%)
After-hours: Jul 20, 2024, 12:58 PM EDT
Sonoco Products Company Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for SON stock have an average target of 59, with a low estimate of 55 and a high estimate of 62. The average target predicts an increase of 13.72% from the current stock price of 51.88.
Analyst Consensus: Buy
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 2 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 1 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 4 | 3 | 3 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Initiates $62 | Buy | Initiates | $62 | +19.51% | Jul 19, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $57 → $55 | Hold | Maintains | $57 → $55 | +6.01% | Jul 17, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $64 → $60 | Strong Buy | Maintains | $64 → $60 | +15.65% | Jul 8, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $56 → $57 | Hold | Maintains | $56 → $57 | +9.87% | May 3, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $66 → $65 | Strong Buy | Maintains | $66 → $65 | +25.29% | Apr 4, 2024 |
Financial Forecast
Revenue This Year
6.82B
from 6.78B
Increased by 0.57%
Revenue Next Year
7.01B
from 6.82B
Increased by 2.74%
EPS This Year
5.08
from 4.80
Increased by 5.85%
EPS Next Year
5.47
from 5.08
Increased by 7.74%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.4B | 7.8B | 7.7B | 8.0B | 8.2B |
| Avg | 6.8B | 7.0B | 7.3B | 7.7B | 7.9B |
| Low | 6.4B | 6.5B | 6.9B | 7.4B | 7.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.0% | 14.0% | 10.2% | 9.9% | 7.1% |
| Avg | 0.6% | 2.7% | 3.5% | 5.7% | 3.0% |
| Low | -5.4% | -5.4% | -1.9% | 2.6% | -0.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.51 | 6.14 | 6.72 | 5.85 | 6.25 |
| Avg | 5.08 | 5.47 | 6.04 | 5.63 | 6.01 |
| Low | 4.36 | 4.66 | 5.46 | 5.46 | 5.83 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.9% | 20.9% | 22.7% | -3.2% | 11.1% |
| Avg | 5.8% | 7.7% | 10.4% | -6.9% | 6.8% |
| Low | -9.1% | -8.4% | -0.3% | -9.7% | 3.6% |
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.