UBS Group Cuts Sonoco Products (NYSE:SON) Price Target to $51.00

Sonoco Products (NYSE:SON) had its price target decreased by stock analysts at UBS Group from $61.00 to $51.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price objective would suggest a potential upside of 5.54% from the company’s current price.

Other analysts have also recently issued reports about the stock. Citigroup increased their price target on shares of Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Truist Financial boosted their price objective on shares of Sonoco Products from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Bank of America lowered Sonoco Products from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $69.00 to $60.00 in a research report on Thursday, September 3rd. Finally, Weiss Ratings cut Sonoco Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 11th. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $59.89.

Sonoco Products Price Performance

Shares of Sonoco Products stock traded down $0.42 during trading on Monday, reaching $48.32. The company’s stock had a trading volume of 1,068,038 shares, compared to its average volume of 1,160,443. The stock has a 50-day moving average price of $54.00 and a two-hundred day moving average price of $52.95. The stock has a market capitalization of $4.78 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 1.22 and a beta of 0.35. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97. Sonoco Products has a one year low of $38.65 and a one year high of $60.67.

Sonoco Products (NYSE:SON) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.04. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a net margin of 8.41% and a return on equity of 16.50%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, sell-side analysts anticipate that Sonoco Products will post 5.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. WPG Advisers LLC boosted its position in shares of Sonoco Products by 93.1% in the 1st quarter. WPG Advisers LLC now owns 612 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 295 shares during the last quarter. Hilltop National Bank increased its holdings in 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 purchasing an additional 590 shares during the last quarter. Parallel Advisors LLC lifted its stake in 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 buying an additional 458 shares during the period. Allworth Financial LP bought a new position in Sonoco Products during the second quarter worth about $111,000. Finally, CX Institutional bought a new position in Sonoco Products during the third quarter worth about $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.