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
* 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 '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 3 | 3 | 3 | 3 | 3 | 2 |
Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Hold | 2 | 2 | 2 | 2 | 2 | 2 |
Sell | 1 | 1 | 1 | 1 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 6 | 6 | 6 | 6 | 5 | 4 |
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 | Strong Buy → Hold Downgrades n/a | Strong Buy → 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 |
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%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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.