Sonoco Products Company (SON)
NYSE: SON · IEX Real-Time Price · USD
57.84
+0.20 (0.35%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Sonoco Products Company Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for SON stock have an average target of 68.67, with a low estimate of 56 and a high estimate of 82. The average target predicts an increase of 18.72% from the current stock price of 57.84.

Analyst Consensus: Buy
Target Low Average Median High
Price $56 $68.67 $68 $82
Change -3.18% +18.72% +17.57% +41.77%
* Price targets were last updated on Feb 20, 2024.

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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 333332
Buy 000000
Hold 222222
Sell 111100
Strong Sell 000000
Total 666654

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Wells Fargo
Wells Fargo
Hold
Maintains
$58$56
Hold Maintains $58$56 -3.18% Feb 20, 2024
Wells Fargo
Wells Fargo
Hold
Maintains
$55$50
Hold Maintains $55$50 -13.55% Oct 19, 2023
Argus Research
Argus Research
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Aug 3, 2023
Wells Fargo
Wells Fargo
Hold
Maintains
$61$55
Hold Maintains $61$55 -4.91% Aug 2, 2023
Wells Fargo
Wells Fargo
Hold
Maintains
$62$61
Hold Maintains $62$61 +5.46% Jul 17, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
6.95B
from 6.78B
Increased by 2.47%
Revenue Next Year
7.11B
from 6.95B
Increased by 2.26%
EPS This Year
5.17
from 4.80
Increased by 7.69%
EPS Next Year
5.53
from 5.17
Increased by 7.04%
Year 201920202021202220232024202520262027
Revenue
5.37B5.24B5.59B7.25B6.78B6.95B7.11B7.26B7.78B
Revenue Growth
-0.31%-2.54%6.74%29.70%-6.47%2.47%2.26%2.17%7.13%
EPS
2.882.05-0.864.724.805.175.535.845.96
EPS Growth
-7.10%-28.82%--1.69%7.69%7.04%5.53%2.06%
No. Analysts -----8732
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 7.5B 7.9B 8.0B 8.1B
Avg 6.9B 7.1B 7.3B 7.8B
Low 6.5B 6.6B 6.7B 7.5B

Revenue Growth

Revenue Growth 2024202520262027
High
11.3%
13.9%
11.9%
11.4%
Avg
2.5%
2.3%
2.2%
7.1%
Low
-3.5%
-5.6%
-6.2%
4.0%

EPS Forecast

EPS 2024202520262027
High 5.51 6.25 6.25 6.20
Avg 5.17 5.53 5.84 5.96
Low 4.41 4.85 5.50 5.78

EPS Growth

EPS Growth 2024202520262027
High
14.8%
20.9%
13.0%
6.1%
Avg
7.7%
7.0%
5.5%
2.1%
Low
-8.1%
-6.2%
-0.6%
-1.0%
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.