UBS Group Raises Sonoco Products (NYSE:SON) Price Target to $62.00

Sonoco Products (NYSE:SON) had its price target increased by UBS Group from $48.00 to $62.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price target indicates a potential upside of 10.66% from the stock’s current price.

SON has been the topic of a number of other research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Sonoco Products in a research report on Wednesday, January 21st. Citigroup lifted their price target on shares of Sonoco Products from $52.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James Financial set a $60.00 price target on shares of Sonoco Products in a research report on Monday, January 5th. Bank of America upgraded Sonoco Products from a “neutral” rating to a “buy” rating and raised their price objective for the company from $56.00 to $60.00 in a report on Monday, January 5th. Finally, Wall Street Zen raised Sonoco Products from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.75.

Sonoco Products Stock Down 2.8%

Shares of SON traded down $1.60 during midday trading on Thursday, hitting $56.03. The stock had a trading volume of 953,290 shares, compared to its average volume of 1,086,818. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 5.56, a price-to-earnings-growth ratio of 0.88 and a beta of 0.54. The company has a 50 day simple moving average of $47.32 and a two-hundred day simple moving average of $44.65. Sonoco Products has a twelve month low of $38.65 and a twelve month high of $58.44. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.05 and a quick ratio of 0.58.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SON. Invesco Ltd. lifted its holdings in Sonoco Products by 13.5% during the 4th quarter. Invesco Ltd. now owns 1,498,703 shares of the industrial products company’s stock valued at $65,403,000 after purchasing an additional 178,638 shares during the last quarter. Ameriflex Group Inc. increased its holdings in shares of Sonoco Products by 82.1% in the fourth 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 shares of Sonoco Products by 22.5% in the fourth 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 period. First Citizens Bank & Trust Co. acquired a new stake in shares of Sonoco Products during the 4th quarter worth about $922,000. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of 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 buying an additional 2,250 shares during the period. 77.69% of the stock is owned by institutional investors and hedge funds.

About Sonoco Products

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.