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Sonoco Prods

Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 40 years.

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SON shares surge on agreement to sell Thermoformed &amp; Flexibles Packaging business for $1.8 billion. Proceeds will be used to repay debt. Deal aligns with portfolio simplification strategy.

Sonoco To Divest Business Unit To TOPPAN For $1.8 Billion, Focus On Core Packaging Businesses

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Sonoco Products is focusing on portfolio optimization, targets consumer businesses and acquisitions. Truist Securities analyst initiates with Buy rating.

Sonoco Targets Growth With Consumer Focus, European Expansion

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Get a first look at the PS5 Pro with enhanced GPU, extra memory, and a more compact design. Sony&#39;s latest console debuts November 7.

Unboxing The PS5 Pro: What&#39;s Changed In Sony&#39;s Latest Console Upgrade

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Wall Street&#39;s Most Accurate Analysts Spotlight On 3 Materials Stocks With Over 4% Dividend Yields

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SON to acquire Eviosys for EUR3.615 billion, creating global leader in metal food can &amp; aerosol packaging. Expected to increase EPS by 25% in 2025.

Sonoco Spends Big: Shakes Up Metal Packaging with $3.9B Eviosys Deal

Earnings

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Greif, Inc. (NYSE: GEF) reported adjusted earnings per share of 82 cents in second-quarter fiscal 2024 (ended Apr 30, 2024), which surpassed the Zacks Consensus Estimate of 77 cents. The bottom line fell 54% year over year.

Greif Q2 Earnings Beat Estimates, Sales Increase Y/Y

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Wall Street&#39;s Most Accurate Analysts&#39; Views On 3 Materials Stocks With Over 3% Dividend Yields

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Citigroup analyst Anthony Pettinari maintains Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Buy and lowers the price target from $59 to $55.

Citigroup Maintains Buy on Sonoco Prods, Lowers Price Target to $55

B of A Securities analyst George Staphos maintains Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Buy and raises the price target from $66 to $71.

B of A Securities Maintains Buy on Sonoco Prods, Raises Price Target to $71

Wells Fargo analyst Gabe Hajde maintains Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Underweight and lowers the price target from $52 to $50.

Wells Fargo Maintains Underweight on Sonoco Prods, Lowers Price Target to $50

Truist Securities analyst Michael Roxland maintains Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Buy and raises the price target from $63 to $68.

Truist Securities Maintains Buy on Sonoco Prods, Raises Price Target to $68

Sonoco Products Company ("Sonoco" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>), a global leader in high-value sustainable packaging, today announced senior leadership changes which became effective on January 3, 2025.
Jerry Cheatham, a 36-year finance leader within Sonoco, has been named interim Chief Financial Officer, replacing Chief Financial Officer Rob Dillard, who has departed the Company. Mr. Cheatham has been Vice President of Global Finance for the Company's Industrial Paper Packaging segment since December 2022 and previously served in several finance and accounting leadership roles since joining the Company in 1988. Mr. Cheatham holds a BS degree in Accounting from South Carolina State University and an EMBA from Vanderbilt University. The Company is undergoing a retained search for internal and external candidates to identify and select a permanent Chief Financial Officer.

Management

Sonoco Announces Jerry Cheatham Has Been Named Interim Chief Financial Officer

Sonoco Products Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) shares are surging premarket on Thursday. On Wednesday, the company entered into an agreement to sell its Thermoformed and Flexibles Packaging business to TOPPAN Holdings Inc. for around $1.8 billion <a href="https://www.benzinga.com/pressreleases/24/12/g42565204/sonoco-completes-strategic-review-announces-agreement-to-sell-thermoformed-and-flexibles-packaging" target="_blank" rel="noreferrer noopener">on a cash-free and debt-free basis</a>.
The deal is at par with previously announced stratgeic review of Thermoformed &amp; Flexible Packaging business, which is a part of the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40718122/sonoco-announces-review-of-strategic-alternatives-for-the-thermoformed-flexibles-packaging-busines" rel="noreferrer noopener">Sonoco&#8217;s Consumer Packaging segment</a>.
The transaction is expected to close in the first half of 2025, subject to customary closing conditions, including regulatory approvals.
&#8220;The decision to sell our TFP business accelerates our portfolio simplification strategy, streamlines our organizational structure, and enables more focused capital investments in our remaining industrial paper and consumer packaging businesses,&#8221; said Howard Coker, Sonoco&#8217;s president and CEO.
Net proceeds from the transaction are expected to be used to repay existing debt.
As of Sept. 29, 2024, Sonoco <a href="https://www.benzinga.com/pressreleases/24/10/g41664004/sonoco-reports-third-quarter-2024-results" target="_blank" rel="noreferrer noopener">had total debt of $4.8 billion</a>.
In December, Sonoco closed the acquisition of Eviosys, European food cans, ends and closures manufacturer, <a href="https://www.benzinga.com/markets/equities/24/06/39456495/sonoco-spends-big-shakes-up-metal-packaging-with-3-9b-eviosys-deal" target="_blank" rel="noreferrer noopener">from KPS Capital Partners, LP for $3.9 billion</a>.
Investors can gain exposure to the stock via Northern Lights Fund Trust IV Monarch Dividend Plus Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MDPL#BATS">MDPL</a>).
SON Price Action: SON shares are up 3.95% at $51 premarket at the last check Thursday.
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The Transaction, which reflects the completion of the previously announced strategic review of Sonoco's TFP business, is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first half of 2025.&nbsp;
Net proceeds from the transaction are expected to be used to repay existing debt.
 &nbsp;

Sonoco Products Enters Agreement To Sell Its Thermoformed And Flexibles Packaging Business To TOPPAN For $1.8B

&nbsp;Following&nbsp;the&nbsp;closing&nbsp;today&nbsp;of&nbsp;the&nbsp;previously&nbsp;announced sale of Eviosys to Sonoco Products Company, Crown Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) (Crown) will receive net cash proceeds&nbsp;of approximately&nbsp;$300&nbsp;million&nbsp;in&nbsp;return&nbsp;for&nbsp;its remaining equity&nbsp;stake of approximately 20%.

Crown Holdings To Receive ~$300M In Proceeds From Closing Of Eviosys Sale To Sonoco Products Company

Shares of Sonoco Products Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) have climbed more than 6% over <a href="https://www.benzinga.com/quote/SON">the past five trading sessions</a>.
The company has been focusing on portfolio rationalization and improving its mix, according to Truist Securities.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6166acad80db050001b8165f/michael-roxland">Analyst Michael Roxland</a> initiated coverage of Sonoco Products with a Buy rating and a price target of $63.
The Five Below Thesis: The company is evaluating the sale of its Thermoformed and Flexible Packaging (TFP) business and diverting its ThermoSafe businesses, Roxland said in the initiation note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Sonoco Products has also increased its exposure to consumer-related businesses, "which have better growth and margin dynamics," and reducing its exposure to cyclical segments, he added.
The company has created a new core platform, called Metal Packaging, and is in the process of acquiring Eviosys, "the leading European producer of food cans," the analyst stated.
"This portfolio and mix enhancement could result in a multiple rerate depending on growth and execution," he further wrote.
"Historically, SON has maintained a strong balance sheet and pursued disciplined capital allocation &#8211; increasing dividend, M&amp;A, and opportunistic share repurchases," Roxland added.
SON Price Action: Shares of Sonoco Products were down 0.07% to $51.92 at the time of publication on Tuesday.
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Photo: viewimage/Shutterstock.com

Truist Securities analyst Michael Roxland initiates coverage on Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Buy rating and announces Price Target of $63.

Truist Securities Initiates Coverage On Sonoco Prods with Buy Rating, Announces Price Target of $63

The PlayStation 5 Pro is here, and early glimpses reveal an impressive balance of design updates, hardware power, and surprising spec tweaks aimed at giving players an elevated <a href="https://www.benzinga.com/general/gaming">gaming experience. </a>
Eurogamer has <a href="https://www.eurogamer.net/digitalfoundry-2024-playstation-5-pro-weve-removed-it-from-its-box-and-theres-new-information-to-share">provided</a> a first look at Sony Group Corp.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) latest addition to the PS5 lineup, allowing fans to see the console's unboxing before it officially launches on Nov. 7.
See Also: <a href="https://www.benzinga.com/general/gaming/24/10/41662426/black-ops-6-shatters-records-call-of-dutys-biggest-launch-drives-60-sales-spike">Black Ops 6 Shatters Records: Call Of Duty&#8217;s Biggest Launch Drives 60% Sales Spike</a>
<h3 class="wp-block-heading">Same Packaging, Slimmer Build</h3>
For those familiar with the original PlayStation 5, the Pro's packaging will look nearly identical. The PS5 Pro arrives in a straightforward, easy-to-open box, with the familiar white cardboard housing that includes the console, power cable, HDMI and USB-C cables, the DualSense controller, and a horizontal stand. 
Once unboxed, however, the Pro's design starts to set it apart. While still taller than the recently released PS5 Slim, the Pro model is notably more compact than the original, bulkier launch model. 
Despite <a href="https://www.benzinga.com/general/gaming/24/08/40635576/leak-reveals-key-details-about-the-ps5-pro-what-we-know-so-far">earlier leaks</a> suggesting a larger, heavier build, the Pro is surprisingly manageable. At 3.1 kg, it's only slightly heavier than the PS5 Slim, which weighs in at 2.6 kg, and comes in under the launch PS5's 3.9 kg weight.
<h3 class="wp-block-heading">A Closer Look At Hardware: Power Supply, GPU, Memory</h3>
Inside the box, the safety guide offers insights into the PS5 Pro's hardware. The console's power supply is rated at 390 watts, a step up from the 340-watt rating of both the original and Slim Digital Edition models. While this increased power doesn't directly translate to gameplay performance, it does hint at a boost in the console's capacity to handle more demanding tasks.
One of the most anticipated details is the Pro's GPU performance, confirmed at 16.7 teraflops (TFLOPs). This marks a significant jump over the base PS5's capabilities, even if it falls short of the rumored 33.5 TFLOPs figure that circulated ahead of release. 
Sony's official TFLOP count points to a stable increase in graphical power, without implementing the complex RDNA 3 architecture that AMD offers with dual-issue FP32 capabilities.
In another subtle but important upgrade, the PS5 Pro also includes an extra 2GB of DDR5 memory. This improvement is expected to free up more high-speed memory for gaming, as the additional memory will handle certain system functions that previously competed for resources with game applications.
<h3 class="wp-block-heading">Additional Features And User-Friendly Updates</h3>
Sony has also added some user-friendly touches. While the PS5 Pro can stand vertically without a dedicated stand, there's some speculation that this could impact cooling. Sony includes a stand in the box, though the price of replacement stands has surprised some reviewers. Notably, the stand now comes with an add-on plate to support both the Pro and the original PS5 model, a convenient feature for players who own multiple editions.
Another change is the addition of a user-accessible CMOS battery bay. This new design will let players easily replace the battery as it ages, ensuring the Pro's longevity without costly repairs. 
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Image credits: Shutterstock.

Unboxing The PS5 Pro: What's Changed In Sony's Latest Console Upgrade

Baird analyst Ghansham Panjabi maintains Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Neutral and lowers the price target from $58 to $55.

Baird Maintains Neutral on Sonoco Prods, Lowers Price Target to $55

Sonoco Prods Sees FY24 Adj. EPS $5.05-$5.25 Vs $5.02 Est.

Sonoco Prods Sees Q4 Adj. EPS $1.15-$1.35 Vs $1.20 Est.

Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) reported quarterly earnings of $1.49 per share which beat the analyst consensus estimate of $1.45 by 2.76 percent. The company reported quarterly sales of $1.675 billion which missed the analyst consensus estimate of $1.719 billion by 2.55 percent. This is a 2.05 percent decrease over sales of $1.710 billion the same period last year.

Earnings Misses

Sonoco Prods Q3 2024 Adj. EPS $1.49 Beats $1.45 Estimate, Sales $1.675B Miss $1.719B Estimate

Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Sonoco Prods to report an earnings per share (EPS) of $1.45.
Investors in Sonoco Prods are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company beat EPS by $0.03, leading to a 2.32% drop in the share price the following trading session.
Here's a look at Sonoco Prods's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.25</td>
<td>1.05</td>
<td>1.04</td>
<td>1.23</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.28</td>
<td>1.12</td>
<td>1.02</td>
<td>1.46</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>1.0%</td>
<td>2.0%</td>
<td>5.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730307838_0.png" alt="eps graph" />
<h3>Analyst Insights on Sonoco Prods</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Sonoco Prods.
Sonoco Prods has received a total of 3 ratings from analysts, with the consensus rating as Buy. With an average one-year price target of $56.33, the consensus suggests a potential 7.52% upside.
<h3>Comparing Ratings with Competitors</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Sealed Air, Pactiv Evergreen and Graphic Packaging Holding, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>The consensus among analysts is an Neutral trajectory for Sealed Air, with an average 1-year price target of $39.0, indicating a potential 25.56% downside.</li>
<li>Analysts currently favor an Buy trajectory for Pactiv Evergreen, with an average 1-year price target of $13.33, suggesting a potential 74.56% downside.</li>
<li>As per analysts' assessments, Graphic Packaging Holding is favoring an Outperform trajectory, with an average 1-year price target of $32.75, suggesting a potential 37.49% downside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
Within the peer analysis summary, vital metrics for Sealed Air, Pactiv Evergreen and Graphic Packaging Holding are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sonoco Prods</td>
<td>Buy</td>
<td>-4.80%</td>
<td>$357.35M</td>
<td>3.74%</td>
</tr>
<tr>
<td>Sealed Air</td>
<td>Neutral</td>
<td>-2.59%</td>
<td>$416M</td>
<td>15.75%</td>
</tr>
<tr>
<td>Pactiv Evergreen</td>
<td>Buy</td>
<td>-6.17%</td>
<td>$223M</td>
<td>1.42%</td>
</tr>
<tr>
<td>Graphic Packaging Holding</td>
<td>Outperform</td>
<td>-6.48%</td>
<td>$481M</td>
<td>6.70%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Sonoco Prods is positioned at the bottom for Revenue Growth among its peers. It ranks at the bottom for Gross Profit. Sonoco Prods is at the bottom for Return on Equity.
<h3>Get to Know Sonoco Prods Better</h3>
Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 40 years.
<h3>Sonoco Prods: Financial Performance Dissected</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Sonoco Prods's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -4.8%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Materials sector.
Net Margin: Sonoco Prods's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 5.59%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Sonoco Prods's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 3.74%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Sonoco Prods's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.27%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.35.
<a href="https://www.benzinga.com/quote/SON/earnings">To track all earnings releases for Sonoco Prods visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What to Expect from Sonoco Prods's Earnings

Analysts' ratings for Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) over the last quarter vary from bullish to bearish, as provided by 6 analysts.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Sonoco Prods and provided 12-month price targets. The average target is $57.67, accompanied by a high estimate of $63.00 and a low estimate of $52.00. Observing a downward trend, the current average is 1.25% lower than the prior average price target of $58.40. 
<img src="https://www.benzinga.com/files/images/story/2024/1727899309_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A comprehensive examination of how financial experts perceive Sonoco Prods is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$52.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$54.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Matt Roberts</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$62.00</td>
<td>-</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$60.00</td>
<td>$64.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Sonoco Prods. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Sonoco Prods compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Sonoco Prods's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Sonoco Prods's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SON/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Sonoco Prods analyst ratings.</a>
<h2>Discovering Sonoco Prods: A Closer Look</h2>
Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 40 years.
<h3>Sonoco Prods's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Sonoco Prods's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -4.8%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Materials sector.
Net Margin: Sonoco Prods's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 5.59%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Sonoco Prods's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.74%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Sonoco Prods's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.27%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 1.35, Sonoco Prods adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Sonoco Prods Stock

Citigroup analyst Anthony Pettinari maintains Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Buy and raises the price target from $62 to $63.

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