Sonoco Products Company (SON) Stock Forecast, Price Target & Predictions
SON Stock Forecast
Sonoco Products Company stock forecast is as follows: an average price target of $70.17 (represents a 27.42% upside from SON’s last price of $55.07) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
SON Price Target
The average price target for Sonoco Products Company (SON) is $70.17 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $105.00 to $58.00. This represents a potential 27.42% upside from SON's last price of $55.07.
SON Analyst Ratings
According to 9 Wall Street analysts, Sonoco Products Company's rating consensus is 'Buy'. The analyst rating breakdown for SON stock is 0 'Strong Buy' (0.00%), 6 'Buy' (66.67%), 2 'Hold' (22.22%), 1 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).
Sonoco Products Company Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 19, 2024 | Matt Roberts | Raymond James | $62.00 | $51.92 | 19.41% | 12.58% |
| Mar 30, 2023 | Mark Weintraub | Seaport Global | $65.00 | $59.79 | 8.71% | 18.03% |
| Mar 15, 2023 | David Coleman | Argus Research | $67.00 | $57.64 | 16.24% | 21.66% |
| Mar 15, 2023 | Gaurav Jain | Barclays | $105.00 | $57.64 | 82.17% | 90.67% |
| Oct 30, 2022 | Mark Wilde | BMO Capital | $58.00 | $64.86 | -10.58% | 5.32% |
| Apr 19, 2022 | - | Wells Fargo | $64.00 | $64.83 | -1.28% | 16.22% |
The latest Sonoco Products Company stock forecast, released on Jul 19, 2024 by Matt Roberts from Raymond James, set a price target of $62.00, which represents a 19.41% increase from the stock price at the time of the forecast ($51.92), and a 12.58% increase from SON last price ($55.07).
Sonoco Products Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $62.00 | $62.00 |
| Last Closing Price | $55.07 | $55.07 | $55.07 |
| Upside/Downside | -100.00% | 12.58% | 12.58% |
In the current month, the average price target of Sonoco Products Company stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Sonoco Products Company's last price of $55.07. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 21, 2024 | Wells Fargo | Equal-Weight | Underweight | Downgrade |
| Aug 15, 2024 | Citigroup | Buy | Buy | Hold |
| Aug 15, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Jul 18, 2024 | Raymond James | - | Outperform | Initialise |
| May 31, 2024 | BMO Capital | Underperform | Outperform | Upgrade |
| May 31, 2024 | Citigroup | Buy | Buy | Hold |
| Apr 04, 2024 | Citigroup | Buy | Buy | Hold |
| Jan 18, 2024 | Citigroup | Buy | Buy | Hold |
| Mar 30, 2023 | Seaport Global | Neutral | Buy | Upgrade |
| Mar 15, 2023 | Citigroup | Buy | Buy | Hold |
Sonoco Products Company's last stock rating was published by Wells Fargo on Aug 21, 2024. The company Downgrade its SON rating from "Equal-Weight" to "Underweight".
Sonoco Products Company Financial Forecast
Sonoco Products Company Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $1.64B | $1.71B | $1.71B | $1.73B | $1.68B | $1.89B | - | $1.77B | $1.44B | $1.42B | $1.38B | $1.35B | $1.38B | $1.31B | $1.25B | $1.30B | $1.31B | $1.35B | $1.36B | $1.35B | $1.36B | $1.36B |
| Avg Forecast | $1.97B | $2.07B | $1.99B | $1.95B | $1.62B | $1.72B | $1.69B | $1.67B | $1.61B | $1.74B | $1.87B | $1.84B | $1.78B | $1.88B | $1.90B | $1.77B | $1.41B | $1.37B | $1.30B | $1.33B | $1.32B | $1.32B | $1.32B | $1.36B | $1.33B | $1.38B | $1.42B | $1.37B | $1.31B | $1.29B |
| High Forecast | $2.11B | $2.21B | $2.13B | $2.08B | $1.73B | $1.74B | $1.81B | $1.79B | $1.65B | $1.79B | $2.00B | $1.97B | $1.91B | $2.01B | $1.90B | $1.86B | $1.48B | $1.44B | $1.37B | $1.40B | $1.39B | $1.39B | $1.39B | $1.43B | $1.40B | $1.45B | $1.49B | $1.44B | $1.57B | $1.54B |
| Low Forecast | $1.91B | $2.00B | $1.92B | $1.88B | $1.57B | $1.70B | $1.63B | $1.62B | $1.56B | $1.72B | $1.81B | $1.78B | $1.72B | $1.81B | $1.90B | $1.71B | $1.36B | $1.32B | $1.26B | $1.28B | $1.27B | $1.27B | $1.27B | $1.31B | $1.28B | $1.33B | $1.37B | $1.32B | $1.05B | $1.03B |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 14 |
| Surprise % | - | - | - | - | - | - | - | - | 1.02% | 0.98% | 0.91% | 0.94% | 0.94% | 1.01% | - | 1.00% | 1.02% | 1.03% | 1.06% | 1.02% | 1.04% | 1.00% | 0.94% | 0.96% | 0.99% | 0.98% | 0.96% | 0.99% | 1.04% | 1.06% |
Sonoco Products Company's average Quarter revenue forecast for Mar 24 based on 1 analysts is $1.67B, with a low forecast of $1.62B, and a high forecast of $1.79B. SON's average Quarter revenue forecast represents a 2.39% increase compared to the company's last Quarter revenue of $1.64B (Dec 23).
Sonoco Products Company EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 14 |
| EBITDA | - | - | - | - | - | - | - | - | $230.81M | $300.67M | $187.86M | $264.93M | $215.38M | $286.49M | - | $250.48M | $160.17M | $188.07M | $-374.51M | $176.44M | $80.39M | $165.33M | $160.63M | $184.55M | $143.74M | $191.56M | $184.81M | $170.93M | $156.21M | $163.22M |
| Avg Forecast | $239.00M | $250.70M | $241.37M | $235.97M | $196.45M | $208.56M | $204.71M | $213.09M | $195.01M | $211.06M | $227.16M | $193.71M | $216.12M | $106.91M | $230.48M | $176.10M | $337.02M | $166.22M | $157.90M | $160.88M | $10.94M | $97.19M | $156.45M | $160.10M | $77.68M | $178.93M | $129.06M | $105.30M | $93.27M | $100.14M |
| High Forecast | $255.56M | $268.07M | $258.09M | $252.32M | $210.06M | $211.01M | $218.89M | $255.70M | $199.91M | $217.10M | $242.89M | $232.46M | $231.09M | $128.29M | $230.48M | $211.33M | $404.42M | $174.82M | $166.08M | $169.21M | $13.12M | $116.63M | $187.75M | $192.11M | $93.22M | $214.71M | $154.87M | $126.36M | $111.92M | $120.17M |
| Low Forecast | $231.05M | $242.35M | $233.33M | $228.12M | $189.91M | $206.10M | $197.90M | $170.47M | $188.88M | $208.26M | $219.59M | $154.97M | $208.92M | $85.53M | $230.48M | $140.88M | $269.61M | $160.40M | $152.37M | $155.25M | $8.75M | $77.75M | $125.16M | $128.08M | $62.15M | $143.14M | $103.24M | $84.24M | $74.62M | $80.11M |
| Surprise % | - | - | - | - | - | - | - | - | 1.18% | 1.42% | 0.83% | 1.37% | 1.00% | 2.68% | - | 1.42% | 0.48% | 1.13% | -2.37% | 1.10% | 7.35% | 1.70% | 1.03% | 1.15% | 1.85% | 1.07% | 1.43% | 1.62% | 1.67% | 1.63% |
1 analysts predict SON's average Quarter EBITDA for Mar 24 to be $213.09M, with a high of $255.70M and a low of $170.47M. This is -7.68% lower than Sonoco Products Company's previous annual EBITDA (Dec 23) of $230.81M.
Sonoco Products Company Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 14 |
| Net Income | - | - | - | - | - | - | - | - | $81.24M | $130.75M | $114.65M | $148.32M | $97.20M | $122.23M | - | $115.33M | $62.54M | $111.14M | $-334.07M | $72.30M | $-11.64M | $83.45M | $55.21M | $80.44M | $44.90M | $92.06M | $81.16M | $73.66M | $77.68M | $72.42M |
| Avg Forecast | $147.23M | $166.20M | $149.98M | $132.53M | $122.98M | $144.76M | $122.79M | $92.88M | $103.33M | $122.34M | $142.14M | $84.44M | $123.66M | $87.32M | $163.60M | $76.76M | $64.42M | $87.99M | $85.04M | $84.47M | $-10.89M | $79.38M | $53.78M | $69.78M | $44.90M | $85.99M | $82.83M | $69.06M | $74.80M | $67.94M |
| High Forecast | $160.48M | $181.16M | $163.48M | $144.46M | $134.06M | $146.72M | $133.85M | $111.46M | $104.30M | $131.29M | $154.94M | $101.33M | $134.80M | $104.78M | $163.60M | $92.11M | $77.31M | $93.91M | $90.76M | $90.16M | $-8.71M | $95.25M | $64.53M | $83.74M | $53.88M | $103.19M | $99.40M | $82.87M | $89.76M | $81.53M |
| Low Forecast | $140.85M | $159.00M | $143.49M | $126.79M | $117.66M | $140.85M | $117.48M | $74.31M | $102.36M | $104.43M | $135.98M | $67.55M | $118.31M | $69.85M | $163.60M | $61.41M | $51.54M | $83.98M | $81.17M | $80.63M | $-13.06M | $63.50M | $43.02M | $55.83M | $35.92M | $68.80M | $66.27M | $55.25M | $59.84M | $54.36M |
| Surprise % | - | - | - | - | - | - | - | - | 0.79% | 1.07% | 0.81% | 1.76% | 0.79% | 1.40% | - | 1.50% | 0.97% | 1.26% | -3.93% | 0.86% | 1.07% | 1.05% | 1.03% | 1.15% | 1.00% | 1.07% | 0.98% | 1.07% | 1.04% | 1.07% |
Sonoco Products Company's average Quarter net income forecast for Mar 24 is $92.88M, with a range of $74.31M to $111.46M. SON's average Quarter net income forecast represents a 14.33% increase compared to the company's last Quarter net income of $81.24M (Dec 23).
Sonoco Products Company SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 14 |
| SG&A | - | - | - | - | - | - | - | - | $200.44M | $182.67M | $170.77M | $187.98M | $173.47M | $164.55M | - | $190.36M | $153.56M | $130.58M | $128.81M | $145.23M | $157.06M | $126.12M | $121.37M | $123.89M | $135.77M | $120.32M | $132.21M | $142.56M | $148.83M | $136.00M |
| Avg Forecast | $199.70M | $209.48M | $201.68M | $197.17M | $164.15M | $174.26M | $171.05M | $143.04M | $162.94M | $176.35M | $189.80M | $130.04M | $180.58M | $131.96M | $192.58M | $118.22M | $151.84M | $138.89M | $131.94M | $134.43M | $146.86M | $119.96M | $118.22M | $107.47M | $135.77M | $112.39M | $134.94M | $133.65M | $143.32M | $127.61M |
| High Forecast | $213.54M | $223.99M | $215.65M | $210.83M | $175.52M | $176.31M | $182.90M | $171.65M | $167.04M | $181.40M | $202.95M | $156.05M | $193.09M | $158.35M | $192.58M | $141.86M | $182.21M | $146.08M | $138.77M | $141.39M | $176.24M | $143.96M | $141.86M | $128.96M | $162.93M | $134.87M | $161.93M | $160.38M | $171.98M | $153.13M |
| Low Forecast | $193.05M | $202.50M | $194.96M | $190.61M | $158.68M | $172.21M | $165.36M | $114.43M | $157.82M | $174.02M | $183.48M | $104.03M | $174.57M | $105.57M | $192.58M | $94.57M | $121.47M | $134.03M | $127.32M | $129.72M | $117.49M | $95.97M | $94.57M | $85.98M | $108.62M | $89.91M | $107.95M | $106.92M | $114.66M | $102.09M |
| Surprise % | - | - | - | - | - | - | - | - | 1.23% | 1.04% | 0.90% | 1.45% | 0.96% | 1.25% | - | 1.61% | 1.01% | 0.94% | 0.98% | 1.08% | 1.07% | 1.05% | 1.03% | 1.15% | 1.00% | 1.07% | 0.98% | 1.07% | 1.04% | 1.07% |
Sonoco Products Company's average Quarter SG&A projection for Mar 24 is $143.04M, based on 1 Wall Street analysts, with a range of $114.43M to $171.65M. The forecast indicates a -28.64% fall compared to SON last annual SG&A of $200.44M (Dec 23).
Sonoco Products Company EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 14 |
| EPS | - | - | - | - | - | - | - | - | $0.82 | $1.33 | $1.17 | $1.51 | $1.00 | $1.25 | - | $1.18 | $0.64 | $1.13 | $-3.32 | $0.72 | $-0.12 | $0.83 | $0.55 | $0.80 | $0.45 | $0.92 | $0.81 | $0.74 | $0.78 | $0.73 |
| Avg Forecast | $1.48 | $1.67 | $1.51 | $1.34 | $1.24 | $1.46 | $1.24 | $1.05 | $1.04 | $1.23 | $1.43 | $1.32 | $1.25 | $1.38 | $1.65 | $1.72 | $0.89 | $0.89 | $0.86 | $0.85 | $0.77 | $0.82 | $0.77 | $0.83 | $0.75 | $0.90 | $0.97 | $0.80 | $0.78 | $0.76 |
| High Forecast | $1.62 | $1.83 | $1.65 | $1.46 | $1.35 | $1.48 | $1.35 | $1.14 | $1.05 | $1.32 | $1.56 | $1.44 | $1.36 | $1.50 | $1.65 | $1.84 | $0.95 | $0.95 | $0.92 | $0.91 | $0.82 | $0.87 | $0.82 | $0.89 | $0.80 | $0.97 | $1.03 | $0.86 | $0.94 | $0.91 |
| Low Forecast | $1.42 | $1.60 | $1.45 | $1.28 | $1.19 | $1.42 | $1.18 | $1.00 | $1.03 | $1.05 | $1.37 | $1.26 | $1.19 | $1.32 | $1.65 | $1.64 | $0.85 | $0.85 | $0.82 | $0.81 | $0.73 | $0.78 | $0.73 | $0.80 | $0.72 | $0.86 | $0.92 | $0.77 | $0.62 | $0.61 |
| Surprise % | - | - | - | - | - | - | - | - | 0.79% | 1.08% | 0.82% | 1.14% | 0.80% | 0.91% | - | 0.69% | 0.72% | 1.27% | -3.87% | 0.84% | -0.15% | 1.01% | 0.72% | 0.96% | 0.60% | 1.02% | 0.84% | 0.92% | 1.00% | 0.96% |
According to 1 Wall Street analysts, Sonoco Products Company's projected average Quarter EPS for Mar 24 is $1.05, with a low estimate of $1.00 and a high estimate of $1.14. This represents a 27.86% increase compared to SON previous annual EPS of $0.82 (Dec 23).
Sonoco Products Company Peer Comparison by Price Target
SON Forecast FAQ
Is Sonoco Products Company a good buy?
Yes, according to 9 Wall Street analysts, Sonoco Products Company (SON) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 66.67% of SON's total ratings.
What is SON's price target?
Sonoco Products Company (SON) average price target is $70.17 with a range of $58 to $105, implying a 27.42% from its last price of $55.07. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Sonoco Products Company stock go up soon?
According to Wall Street analysts' prediction for SON stock, the company can go up by 27.42% (from the last price of $55.07 to the average price target of $70.17), up by 90.67% based on the highest stock price target, and up by 5.32% based on the lowest stock price target.
Can Sonoco Products Company stock reach $80?
SON's highest twelve months analyst stock price target of $105 supports the claim that Sonoco Products Company can reach $80 in the near future.
What are Sonoco Products Company's analysts' financial forecasts?
Sonoco Products Company's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $6.7B (high $7.07B, low $6.52B), average EBITDA is $822.81M (high $895.67M, low $764.38M), average net income is $483.42M (high $526.09M, low $450.3M), average SG&A $652.51M (high $706.38M, low $610.69M), and average EPS is $4.98 (high $5.32, low $4.79). SON's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.98B (high $8.53B, low $7.71B), average EBITDA is $967.05M (high $1.03B, low $934.85M), average net income is $595.93M (high $649.59M, low $570.13M), average SG&A $808.03M (high $864M, low $781.13M), and average EPS is $6 (high $6.55, low $5.74).
Did the SON's actual financial results beat the analysts' financial forecasts?
Based on Sonoco Products Company's last annual report (Dec 2023), the company's revenue was $6.78B, which missed the average analysts forecast of $7.07B by -4.05%. Apple's EBITDA was $1.03B, beating the average prediction of $826.94M by 25.13%. The company's net income was $474.96M, beating the average estimation of $452.24M by 5.02%. Apple's SG&A was $741.86M, beating the average forecast of $659.14M by 12.55%. Lastly, the company's EPS was $4.8, missing the average prediction of $5.03 by -4.50%. In terms of the last quarterly report (Dec 2023), Sonoco Products Company's revenue was $1.64B, beating the average analysts' forecast of $1.61B by 1.69%. The company's EBITDA was $230.81M, beating the average prediction of $195.01M by 18.36%. Sonoco Products Company's net income was $81.24M, missing the average estimation of $103.33M by -21.38%. The company's SG&A was $200.44M, beating the average forecast of $162.94M by 23.01%. Lastly, the company's EPS was $0.82, missing the average prediction of $1.04 by -21.24%