The price-to-earnings ratio for Sonoco Products Co (NYSE: SON) is above average at 17.27x, Company’s 36-month beta value is 0.66.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for SON is 97.33M, and currently, short sellers hold a 1.11% ratio of that floaft. The average trading volume of SON on November 22, 2024 was 698.80K shares.
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SON) stock’s latest price update
Sonoco Products Co (NYSE: SON) has seen a rise in its stock price by 0.36 in relation to its previous close of 49.97. However, the company has experienced a -0.32% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-12 that Drs. Pankaj Mohan, CEO of Sonnet, and John Cini, CSO of Sonnet, discuss the Company’s recent issuance of a U.S. patent covering a variant of IL-18 incorporated into two novel immunotherapeutic drug candidates, SON-1400 and SON-1411
SON’s Market Performance
SON’s stock has fallen by -0.32% in the past week, with a monthly drop of -4.82% and a quarterly drop of -6.42%. The volatility ratio for the week is 1.57% while the volatility levels for the last 30 days are 1.60% for Sonoco Products Co The simple moving average for the last 20 days is -1.72% for SON stock, with a simple moving average of -8.50% 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 -5.03% 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 -18.76% of loss for the given period.
Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares sank -5.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.57% lower at present.
During the last 5 trading sessions, SON fell by -0.32%, which changed the moving average for the period of 200-days by -11.29% in comparison to the 20-day moving average, which settled at $51.03. In addition, Sonoco Products Co saw -10.24% 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 Florence John M, who sale 13,660 shares at the price of $51.20 back on Nov 04 ’24. After this action, Florence John M now owns 7,052 shares of Sonoco Products Co, valued at $699,399 using the latest closing price.
Florence John M, the Officer of Sonoco Products Co, proposed sale 13,660 shares at $51.10 during a trade that took place back on Nov 04 ’24, which means that Florence John M is holding shares at $698,034 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 0.04. The total capital return value is set at 0.08. Equity return is now at value 11.98, with 3.53 for asset returns.
Based on Sonoco Products Co (SON), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.94. The interest coverage ratio of the stock is 3.83.
Currently, EBITDA for the company is 1.04 billion with net debt to EBITDA at 3.3. When we switch over and look at the enterprise to sales, we see a ratio of 1.23. The receivables turnover for the company is 5.7for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.36.
Conclusion
In a nutshell, Sonoco Products Co (SON) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
