Argus Upgrades Sonoco Products (NYSE:SON) to “Hold”

Sonoco Products (NYSE:SON) was upgraded by equities research analysts at Argus to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on SON. Robert W. Baird increased their price target on Sonoco Products from $48.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. UBS Group dropped their price target on Sonoco Products from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Wall Street Zen raised Sonoco Products from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on Sonoco Products in a research report on Wednesday, April 1st. They set a “buy” rating and a $63.00 price target on the stock. Finally, Bank of America raised Sonoco Products from a “neutral” rating to a “buy” rating and increased their price target for the stock from $56.00 to $60.00 in a research report on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $61.78.

Sonoco Products Stock Performance

SON stock opened at $56.82 on Monday. The company has a quick ratio of 0.60, a current ratio of 1.05 and a debt-to-equity ratio of 1.04. The business’s fifty day simple moving average is $54.43 and its two-hundred day simple moving average is $47.36. Sonoco Products has a twelve month low of $38.65 and a twelve month high of $58.44. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 5.64, a PEG ratio of 1.13 and a beta of 0.50.

Sonoco Products (NYSE:SON) last posted its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37). Sonoco Products had a return on equity of 18.52% and a net margin of 13.34%.The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the company posted $1.38 EPS. Sonoco Products’s quarterly revenue was down 1.9% compared to the same quarter last year. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Analysts predict that Sonoco Products will post 5.93 earnings per share for the current year.

Insiders Place Their Bets

In other Sonoco Products news, insider Ernest D. Haynes III sold 1,581 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $56.39, for a total value of $89,152.59. Following the completion of the sale, the insider owned 9,377 shares of the company’s stock, valued at approximately $528,769.03. This trade represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On Sonoco Products

Institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. boosted its holdings in Sonoco Products by 77.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 258 shares in the last quarter. LRI Investments LLC acquired a new stake in Sonoco Products in the fourth quarter worth about $29,000. Cornerstone Planning Group LLC acquired a new stake in Sonoco Products in the third quarter worth about $29,000. True Wealth Design LLC boosted its holdings in Sonoco Products by 172.5% in the third quarter. True Wealth Design LLC now owns 744 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 471 shares in the last quarter. Finally, Ameriflex Group Inc. boosted its holdings in Sonoco Products by 1,263.6% in the third quarter. Ameriflex Group Inc. now owns 900 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 834 shares in 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.