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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.

Sonoco Products

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Sony Group Corporation American Depositary Shares

SONY

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.

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Wall Street&#39;s Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields

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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

Earnings Beats

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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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. 

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Sony Group Corp

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. 
Read Next:
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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?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
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.

Citigroup Maintains Buy on Sonoco Prods, Raises Price Target to $63

Offerings

Sonoco Products Priced Offering Of Senior Unsecured Notes In Combined Aggregate Principal Amount Of $1.8B

Sonoco Explores Strategic Alternatives For Thermoformed & Flexibles Packaging Business As Part Of Further Portfolio Simplification

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<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
<h3 class="wp-block-heading">Compass Minerals International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>)</h3>
<ul>
<li>Dividend Yield: 6.63%</li>
<li>Loop Capital analyst Chris Kapsch upgraded the stock from Hold to Buy and cut the price target from $26 to $23 on April 26. This analyst has an accuracy rate of 67%.</li>
<li>JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and cut the price target from $24 to $21 on Feb. 9. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: On Aug. 16, Compass Minerals received notice of filing delinquency from the NYSE.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082824&amp;t=be2bearmibe3na1">latest CMP news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085202/image-281.png" alt="" class="wp-image-518313" style="width:754px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085202/image-281.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085202/image-281-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085202/image-281-768x709.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">The Chemours Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CC#NYSE">CC</a>)</h3>
<ul>
<li>Dividend Yield: 5.16%</li>
<li>JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and cut the price target from $25 to $18 on Aug. 6. This analyst has an accuracy rate of 71%.</li>
<li>BMO Capital analyst John McNulty maintained an Outperform rating and slashed the price target from $35 to $30 on Aug. 6. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On Aug. 1, Chemours reported mixed second-quarter financial results and issued weak third-quarter net sales guidance.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082824&amp;t=be2bearmibe3na1">trend in CC stock.</a> </li>
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<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="915" height="836" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085242/image-282.png" alt="" class="wp-image-518318" style="width:741px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085242/image-282.png 915w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085242/image-282-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085242/image-282-768x702.png 768w" sizes="(max-width: 915px) 100vw, 915px" /></a></figure>
<h3 class="wp-block-heading">Sonoco Products Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>)</h3>
<ul>
<li>Dividend Yield: 3.86%</li>
<li>Wells Fargo analyst Gabe Hajde downgraded the stock from Equal-Weight to Underweight and cut the price target from $54 to $52 on Aug. 21. This analyst has an accuracy rate of 78%.</li>
<li>Raymond James analyst Matt Roberts initiated coverage on the stock with an Outperform rating and a price target of $62 on July 19. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On July 31, Sonoco Prods posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082824&amp;t=be2bearmibe3na1">breakout in SON shares.</a> </li>
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Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields

During the last three months, 5 analysts shared their evaluations of Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>), revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding 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;">1</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;">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>1M Ago</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>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M 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>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $56.6, a high estimate of $62.00, and a low estimate of $52.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 1.57%. 
<img src="https://www.benzinga.com/files/images/story/2024/1724266833_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Sonoco Prods among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines 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>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: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Sonoco Prods. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging 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>
To gain a panoramic view of Sonoco Prods's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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>Key Indicators: Sonoco Prods's Financial Health</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 5.59%, the company may need to address challenges in effective cost control.
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): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.27%, the company may need to address challenges in generating 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.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 5 Analyst Recommendations For Sonoco Prods

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5b3249a8d1c31b00019b9fb4/gabe-hajde">Wells Fargo analyst Gabe Hajde</a> downgraded the rating for Sonoco Products Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) from Equal-Weight to Underweight and lowered the price target from $54 to $52. Sonoco shares fell 0.5% to close at $50.57 on Tuesday. <a href="https://www.benzinga.com/quote/SON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B. Riley Securities analyst Jeff Van Sinderen downgraded Iteris, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITI#NASDAQ">ITI</a>) from Buy to Neutral and slashed the price target from $8 to $7.2. Iteris shares gained 0.4% to close at $7.06 on Tuesday. S<a href="https://www.benzinga.com/quote/ITI/analyst-ratings">ee how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5910a1d1290fa70001bee784/kenneth-bruce">B of A Securities analyst Kenneth Bruce</a> downgraded American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) from Buy to Neutral and maintained the price target of $263. American Express shares fell 0.4% to close at $253.08 on Tuesday. <a href="https://www.benzinga.com/quote/AXP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities analyst Michael Ciarmoli downgraded the rating for Triumph Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGI#NYSE">TGI</a>) from Buy to Hold, while cutting the price target from $17 to $15. Triumph shares fell 1.9% to settle at $13.41 on Tuesday. <a href="https://www.benzinga.com/quote/TGI/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ac8cd8b85e930001f970ac/boris-peaker">TD Cowen analyst Boris Peaker </a>downgraded the rating for Aadi Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AADI#NASDAQ">AADI</a>) from Buy to Hold. Aadi Bioscience shares gained 3.9% to close at $1.62 on Tuesday. <a href="https://www.benzinga.com/quote/AADI/analyst-ratings">See how other analysts view this stock.</a></li>
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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
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<li>Wells Fargo cut the price target for Sonoco Products Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) from $54 to $52. Wells Fargo analyst Gabe Hajde downgraded the stock from Equal-Weight to Underweight. Sonoco shares fell 0.5% to close at $50.57 on Tuesday. <a href="https://www.benzinga.com/quote/SON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup raised Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) price target from $200 to $235. Citigroup analyst Christopher Danely upgraded the stock from Neutral to Buy. Texas Instruments shares gained 0.9% to close at $202.54 on Tuesday. <a href="https://www.benzinga.com/quote/TXN/analyst-ratings">See how other analysts view this stock.</a></li>
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<li>B of A Securities slashed Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) price target from $75 to $65. B of A Securities analyst David Barden downgraded the stock from Neutral to Underperform. Cogent Communications shares fell 1.4% to close at $74.73 on Tuesday. <a href="https://www.benzinga.com/quote/CCOI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho increased the price target for Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) from $44 to $47. Mizuho analyst John Roberts upgraded the stock from Neutral to Outperform. Corning shares gained 0.3% to close at $40.73 on Tuesday. <a href="https://www.benzinga.com/quote/GLW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>CLSA cut Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) price target from $15.8 to $12. CLSA analyst Leo You downgraded the stock from Outperform to Hold. Vipshop shares dipped 17.6% to close at $11.56 on Tuesday. <a href="https://www.benzinga.com/quote/VIPS/analyst-ratings">See how other analysts view this stock.</a></li>
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<li>Maxim Group slashed Dermata Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRMA#NASDAQ">DRMA</a>) price target from $10 to $6. Maxim Group analyst Anthony Vendetti maintained a Buy rating. Dermata Therapeutics shares fell 6.1% to close at $2.02 on Tuesday. <a href="https://www.benzinga.com/quote/DRMA/analyst-ratings">See how other analysts view this stock.</a></li>
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Wells Fargo analyst Gabe Hajde downgrades Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) from Equal-Weight to Underweight and lowers the price target from $54 to $52.

Wells Fargo Downgrades Sonoco Prods to Underweight, Lowers Price Target to $52

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 <a href="https://www.benzinga.com/yield-investments">high dividend payout.</a> 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
<h3 class="wp-block-heading">Compass Minerals International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>)</h3>
<ul>
<li>Dividend Yield: 6.19%</li>
<li>Loop Capital analyst Chris Kapsch upgraded the stock from Hold to Buy and cut the price target from $26 to $23 on April 26. This analyst has an accuracy rate of 67%.</li>
<li>JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and cut the price target from $24 to $21 on Feb. 9. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: On June 7, Compass Minerals named Jeffrey Cathey as its CFO.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1"> latest CMP news</a>. </li>
</ul>
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<h3 class="wp-block-heading">Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>)</h3>
<ul>
<li>Dividend Yield: 5.31%</li>
<li>Mizuho analyst John Roberts maintained a Neutral rating and cut the price target from $62 to $60 on July 26. This analyst has an accuracy rate of 77%.</li>
<li>Wells Fargo analyst Michael Sison maintained an Overweight rating and slashed the price target from $65 to $62 on July 26. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Aug. 14, Dow declared a quarterly dividend of 70 cents per share.</li>
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</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="905" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074721/image-113.png" alt="" class="wp-image-496596" style="width:575px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074721/image-113.png 905w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074721/image-113-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074721/image-113-768x703.png 768w" sizes="(max-width: 905px) 100vw, 905px" /></a></figure>
<h3 class="wp-block-heading">Sonoco Products Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>)</h3>
<ul>
<li>Dividend Yield: 4.18%</li>
<li>Wells Fargo analyst Gabe Hajde maintained an Equal-Weight rating and cut the price target from $55 to $54 on Aug. 2. This analyst has an accuracy rate of 76%.</li>
<li>Citigroup analyst Anthony Pettinari maintained a Buy rating and slashed the price target from $64 to $60 on July 8. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: On July 31, Sonoco Prods posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1">breakout in SON shares. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="891" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074804/image-114.png" alt="" class="wp-image-496600" style="width:500px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074804/image-114.png 891w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074804/image-114-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074804/image-114-768x721.png 768w" sizes="(max-width: 891px) 100vw, 891px" /></a></figure>
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Read More:
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40368892/jim-cramer-avoid-middle-market-plays-like-golub-capital-buy-mueller-industries-it-is-fan"> Jim Cramer: &#8216;Avoid Middle Market Plays&#8217; Like Golub Capital, Buy Mueller Industries — &#8216;It Is Fantastic&#8217;</a></li>
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Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks With Over 4% Dividend Yields

Wells Fargo analyst Gabe Hajde maintains Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Equal-Weight and lowers the price target from $55 to $54.

Wells Fargo Maintains Equal-Weight on Sonoco Prods, Lowers Price Target to $54

Sonoco Sees Q3 Adj. EPS $1.40-$1.60 vs $1.43 Est., FY24 Adj. EPS $5.00-$5.30 vs $5.08 Est.

Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.24 by 3.23 percent. The company reported quarterly sales of $1.623 billion which missed the analyst consensus estimate of $1.689 billion by 3.89 percent. This is a 4.81 percent decrease over sales of $1.705 billion the same period last year.

Sonoco Prods Q2 2024 Adj. EPS $1.28 Beats $1.24 Estimate, Sales $1.623B Miss $1.689B Estimate

Today,&nbsp;Paired Power, a leading U.S. solar microgrid electric vehicle charger manufacturer announces its installation of its PairTree EV charger for Sonoco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>), a leading global manufacturer of consumer, industrial, health care and protective packaging.

Sonoco Products Says Paired Power Installs Resilient Off-grid Solar Electric Vehicle Charger For Sonoco In South Carolina

Reports Q3 revenue $1.68B, consensus $1.72B. On September 4, 2024, Sonoco announced a review of strategic alternatives for the TFP business, includ...

Sonoco Products reports Q3 adjusted EPS $1.49, consensus $1.45

In a report released today, George Staphos from Bank of America Securities maintained a Buy rating on Sonoco Products (SON – Research Report). The ...

Bank of America Securities Remains a Buy on Sonoco Products (SON)

Sonoco Products Company 2024 Q3 - Results - Earnings Call Presentation

Sonoco Products Company (SON) Q3 2024 Earnings Call Transcript

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Baird lowered the firm's price target on Sonoco Products (SON) to $55 from $58 and keeps a Neutral rating on the shares. The firm noted when the co...

Sonoco Products price target lowered to $55 from $58 at Baird

In a report released yesterday, Gabrial Hajde from Wells Fargo reiterated a Sell rating on Sonoco Products (SON – Research Report), with a price ta...

Sell Rating for Sonoco Products Amid Uncertainties and Strategic Challenges

In a report released today, Mark Weintraub from Seaport Global maintained a Buy rating on Sonoco Products (SON – Research Report), with a price tar...

Sonoco Products (SON) Receives a Buy from Seaport Global

In a regulatory filing, Sonoco CHRO John Florence disclosed the sale of 13,660 common shares of the company on November 4 at a price of $51.2005 pe...

Sonoco Products CHRO Florence sells 13,660 common shares

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KPS CAPITAL PARTNERS TO SELL EVIOSYS TO SONOCO FOR €3.615 BILLION

Sonoco Declares Regular Quarterly Common Stock Dividend

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