Sonoco Products (SON) Stock Forecast & Price Target

$53.32

-0.30 (-0.56%)

(As of 10/3/2024 ET)

Sonoco Products - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 3 Analyst Ratings

Sell
1

Hold
0

Buy
2

Based on 3 Wall Street analysts who have issued ratings for Sonoco Products in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 1 has given a sell rating, and 2 have given a buy rating for SON.

Consensus Price Target

$59.00
10.65% Upside

According to the 3 analysts' twelve-month price targets for Sonoco Products, the average price target is $59.00. The highest price target for SON is $63.00, while the lowest price target for SON is $52.00. The average price target represents a forecasted upside of 10.65% from the current price of $53.32.

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SON Analyst Ratings Over Time

Type	Current Forecast 10/4/23 to 10/3/24	1 Month Ago 9/4/23 to 9/3/24	3 Months Ago 7/6/23 to 7/5/24	1 Year Ago 10/4/22 to 10/4/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$59.00	$58.00	$63.33	$62.17
Forecasted Upside	10.65% Upside	4.30% Upside	30.64% Upside	15.34% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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SON Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SON Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Sonoco Products Stock vs. The Competition

Type	Sonoco Products	Industrial Products Companies	S&P 500
Consensus Rating Score	2.33	2.56	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	10.61% Upside	53.49% Upside	7.89% Upside
News Sentiment Rating	Positive News See Recent SON News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/2/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$62.00 ➝ $63.00	+17.45%
8/21/2024	Wells Fargo & Company 3 of 5 stars	G. Hajde Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Equal Weight ➝ Underweight	$54.00 ➝ $52.00	+2.83%
7/19/2024	Raymond James 4 of 5 stars		Initiated Coverage	Outperform	$62.00	+19.41%
8/3/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
7/10/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$80.00 ➝ $68.00	+21.06%
3/20/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Weintraub Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
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3/15/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$61.00 ➝ $57.00	+2.59%
10/30/2022	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Market Perform ➝ Underperform	$65.00 ➝ $58.00	-10.58%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:19 PM ET.

SON Forecast - Frequently Asked Questions

: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Sonoco Products is $59.00, with a high forecast of $63.00 and a low forecast of $52.00.
: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sonoco Products in the last twelve months. There is currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SON shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SON, but not buy additional shares or sell existing shares.
: According to analysts, Sonoco Products's stock has a predicted upside of 10.65% based on their 12-month stock forecasts.
: Over the previous 90 days, Sonoco Products's stock had 1 downgrade by analysts.
: Sonoco Products has been rated by research analysts at Citigroup, Raymond James, and Wells Fargo & Company in the past 90 days.
: Analysts like Sonoco Products less than other "industrial products" companies. The consensus rating for Sonoco Products is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how SON compares to other companies.