Sonoco Products (NYSE:SON) Given New $51.00 Price Target at UBS Group

Key Points

• UBS Group lowered Sonoco Products’ price target to $51 from $61 while maintaining a “neutral” rating, implying approximately 5.54% upside from the stock’s $48.32 price.
• Analyst sentiment remains cautious: Sonoco has a consensus “Hold” rating and an average price target of $59.89, based on four Buy and eight Hold ratings.
• Sonoco exceeded quarterly earnings expectations, reporting $1.51 in EPS versus the $1.47 consensus and $1.89 billion in revenue, though revenue declined 1.3% year over year.

Sonoco Products (NYSE:SON - Get Free Report) had its price objective cut by UBS Group from $61.00 to $51.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the industrial products company's stock. UBS Group's price target indicates a potential upside of 5.54% from the company's current price.

SON has been the topic of a number of other research reports. Citigroup lifted their price target on shares of Sonoco Products from $63.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th. Bank of America lowered shares of Sonoco Products from a "buy" rating to a "neutral" rating and decreased their target price for the company from $69.00 to $60.00 in a research report on Thursday, September 3rd. Truist Financial upped their target price on shares of Sonoco Products from $64.00 to $68.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Finally, Weiss Ratings cut shares of Sonoco Products from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, September 11th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $59.89.

Sonoco Products Stock Performance

Shares of NYSE SON traded down $0.42 during mid-day trading on Monday, hitting $48.32. The company had a trading volume of 1,068,038 shares, compared to its average volume of 1,160,443. Sonoco Products has a 12 month low of $38.65 and a 12 month high of $60.67. The firm has a market cap of $4.78 billion, a P/E ratio of 7.68, a PEG ratio of 1.22 and a beta of 0.35. The business's 50-day simple moving average is $54.00 and its 200-day simple moving average is $52.95. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.55.

Sonoco Products (NYSE:SON - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.04. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%.The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The company's quarterly revenue was down 1.3% compared to the same quarter last year. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, analysts predict that Sonoco Products will post 5.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sonoco Products

Hedge funds have recently made changes to their positions in the company. WPG Advisers LLC grew its stake in Sonoco Products by 93.1% during the first quarter. WPG Advisers LLC now owns 612 shares of the industrial products company's stock worth $33,000 after buying an additional 295 shares during the last quarter. Hilltop National Bank raised its stake in shares of Sonoco Products by 49.7% in the second quarter. Hilltop National Bank now owns 1,777 shares of the industrial products company's stock valued at $100,000 after acquiring an additional 590 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Sonoco Products by 34.7% in the first quarter. Parallel Advisors LLC now owns 1,778 shares of the industrial products company's stock valued at $96,000 after acquiring an additional 458 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Sonoco Products in the 2nd quarter worth approximately $111,000. Finally, CX Institutional acquired a new position in shares of Sonoco Products in the 3rd quarter worth approximately $98,000. Institutional investors and hedge funds own 77.69% of the company's stock.

About Sonoco Products

Sonoco Products Company NYSE: SON is a global packaging company headquartered in Hartsville, South Carolina. Founded in 1899 as the Southern Novelty Company, Sonoco has developed into a diversified provider of packaging products and services for consumer and industrial markets.

The company produces consumer packaging such as rigid paper and plastic containers, metal cans, flexible packaging, thermoformed packaging, closures, and packaging displays. Its industrial packaging activities include paper tubes and cores, protective packaging, molded foam products, pallets, and other materials used to protect, store, and transport goods.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.