Sonoco Products Co. (NYSE: SON)’s stock price has gone rise by 1.94 in comparison to its previous close of 54.30, however, the company has experienced a 4.86% increase in its stock price over the last five trading days. benzinga.com reported 2024-08-28 that During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Is It Worth Investing in Sonoco Products Co. (NYSE: SON) Right Now?
The price-to-earnings ratio for Sonoco Products Co. (NYSE: SON) is above average at 14.91x. The 36-month beta value for SON is also noteworthy at 0.67. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 rating it as “hold,” and 1 rating it as “sell.”
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The public float for SON is 97.30M, and at present, short sellers hold a 2.37% of that float. The average trading volume of SON on August 29, 2024 was 800.94K shares.
SON’s Market Performance
SON stock saw an increase of 4.86% in the past week, with a monthly gain of 2.66% and a quarterly increase of -7.66%. The volatility ratio for the week is 2.06%, and the volatility levels for the last 30 days are 2.47% for Sonoco Products Co. (SON). The simple moving average for the past 20 days is 8.30% for SON’s stock, with a -0.65% simple moving average for the past 200 days.
Analysts’ Opinion of SON
Many brokerage firms have already submitted their reports for SON stocks, with Wells Fargo repeating the rating for SON by listing it as a “Underweight.” The predicted price for SON in the upcoming period, according to Wells Fargo is $52 based on the research report published on August 21, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see SON reach a price target of $62. The rating they have provided for SON stocks is “Outperform” according to the report published on July 19th, 2024.
SON Trading at 7.63% from the 50-Day Moving Average
After a stumble in the market that brought SON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.33% of loss for the given period.
Volatility was left at 2.47%, however, over the last 30 days, the volatility rate increased by 2.06%.
During the last 5 trading sessions, SON rose by +3.25%, in comparison to the 20-day moving average. In addition, Sonoco Products Co. saw -0.92% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SON starting from Wood Adam, who sale 537 shares at the price of $57.04 back on Mar 06 ’24. After this action, Wood Adam now owns 28,273 shares of Sonoco Products Co., valued at $30,630 using the latest closing price.
Grissett Russell K, the Pres Global Flexible Packaging of Sonoco Products Co., sale 2,039 shares at $56.06 during a trade that took place back on Feb 28 ’24, which means that Grissett Russell K is holding 11,988 shares at $114,306 based on the most recent closing price.
Stock Fundamentals for SON
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.21 for the gross margin
The net margin for Sonoco Products Co. stands at 0.06. The total capital return value is set at 0.11. Equity return is now at value 15.57, with 5.18 for asset returns.
Based on Sonoco Products Co. (SON), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.24. The interest coverage ratio of the stock is 5.12.
Currently, EBITDA for the company is 1.03 billion with net debt to EBITDA at 3.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.31. The receivables turnover for the company is 6.18for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
In summary, Sonoco Products Co. (SON) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
