The price-to-earnings ratio for Sonoco Products Co. (NYSE: SON) is above average at 14.28x. 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.”
The public float for SON is 97.30M, and at present, short sellers hold a 1.70% of that float. The average trading volume of SON on October 17, 2024 was 698.37K shares.
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SON) stock’s latest price update
Sonoco Products Co. (NYSE: SON)’s stock price has plunge by -2.23relation to previous closing price of 54.24. Nevertheless, the company has seen a -1.06% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-15 that HARTSVILLE, S.C., Oct. 15, 2024 (GLOBE NEWSWIRE) — The Board of Directors of Sonoco (NYSE: SON) has declared a $0.52 per share quarterly common stock dividend. This dividend will be paid on December 10, 2024, to shareholders of record as of November 8, 2024.
SON’s Market Performance
SON’s stock has fallen by -1.06% in the past week, with a monthly drop of -3.72% and a quarterly rise of 2.22%. The volatility ratio for the week is 1.53% while the volatility levels for the last 30 days are 1.70% for Sonoco Products Co. The simple moving average for the last 20 days is -1.74% for SON stock, with a simple moving average of -4.54% for the last 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 -0.84% 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 -14.09% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.53%, as shares sank -3.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.66% upper at present.
During the last 5 trading sessions, SON fell by -0.88%, which changed the moving average for the period of 200-days by -6.77% in comparison to the 20-day moving average, which settled at $53.97. In addition, Sonoco Products Co. saw -5.08% 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 Tomaszewski Jeffrey S, who proposed sale 6,200 shares at the price of $54.84 back on Sep 13 ’24. After this action, Tomaszewski Jeffrey S now owns shares of Sonoco Products Co., valued at $340,023 using the latest closing price.
Wood Adam, the VP Paper&Ind Converted Prod of Sonoco Products Co., sale 537 shares at $57.04 during a trade that took place back on Mar 06 ’24, which means that Wood Adam is holding 28,273 shares at $30,630 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 1.28. 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 bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
