UBS Group Forecasts Strong Price Appreciation for Sonoco Products (NYSE:SON) Stock

Sonoco Products (NYSE:SON) had its target price lifted by analysts at UBS Group from $48.00 to $62.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. UBS Group’s target price indicates a potential upside of 9.77% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group reduced their price objective on shares of Sonoco Products from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Citigroup raised their price target on Sonoco Products from $52.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sonoco Products in a research report on Wednesday, January 21st. Wall Street Zen upgraded Sonoco Products from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Wells Fargo & Company boosted their target price on Sonoco Products from $47.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Sonoco Products has a consensus rating of “Hold” and a consensus price target of $62.63.

Sonoco Products Stock Performance

Shares of SON opened at $56.48 on Thursday. Sonoco Products has a 1 year low of $38.65 and a 1 year high of $58.44. The stock has a market capitalization of $5.57 billion, a PE ratio of 5.61, a PEG ratio of 1.12 and a beta of 0.54. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 1.05. The stock has a 50-day simple moving average of $47.88 and a 200-day simple moving average of $44.81.

Sonoco Products (NYSE:SON) last released its earnings results on Monday, February 16th. The industrial products company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. Sonoco Products had a net margin of 13.34% and a return on equity of 18.52%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 29.7% compared to the same quarter last year. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, analysts predict that Sonoco Products will post 6.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SON. Invesco Ltd. boosted its holdings in shares of Sonoco Products by 13.5% in the fourth quarter. Invesco Ltd. now owns 1,498,703 shares of the industrial products company’s stock valued at $65,403,000 after acquiring an additional 178,638 shares during the period. Ameriflex Group Inc. raised its position in Sonoco Products by 82.1% in the 4th quarter. Ameriflex Group Inc. now owns 1,639 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 739 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in Sonoco Products by 22.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 34,582 shares of the industrial products company’s stock valued at $1,509,000 after purchasing an additional 6,345 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new stake in Sonoco Products during the 4th quarter worth $922,000. Finally, State of Tennessee Department of Treasury grew its position in Sonoco Products by 6.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 38,277 shares of the industrial products company’s stock worth $1,837,000 after purchasing an additional 2,250 shares during the last quarter. Institutional investors and hedge funds own 77.69% of the company’s stock.

Sonoco Products Company Profile

Sonoco Products Company (NYSE: SON) is a global provider of diversified packaging solutions, serving a wide range of consumer, industrial and retail markets. The company offers a broad portfolio that includes rigid paper and plastic containers, flexible packaging, industrial core and tube products, thermoformed plastics, retail point-of-purchase displays, and packaging supply chain services. Through its solutions, Sonoco helps customers in food and beverage, personal care, chemicals, healthcare, home and garden, and electronics industries address their packaging needs, improve product shelf appeal, and optimize logistics efficiency.

With operations in more than 30 countries across North America, South America, Europe, Asia and Africa, Sonoco leverages a global network of manufacturing facilities, recycling centers and distribution channels to meet the demands of multinational and regional customers.