Sonoco Products Co has a consensus price target of $62.56 based on the ratings of 10 analysts. The high is $82 issued by B of A Securities on April 20, 2023. The low is $52 issued by Wells Fargo on August 21, 2024. The 3 most-recent analyst ratings were released by Baird, Citigroup, and Wells Fargo on November 4, 2024, October 2, 2024, and August 21, 2024, respectively. With an average price target of $56.67 between Baird, Citigroup, and Wells Fargo, there's an implied 14.23% upside for Sonoco Products Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Sonoco Prods (NYSE:SON) was reported by Baird on November 4, 2024. The analyst firm set a price target for $55.00 expecting SON to rise to within 12 months (a possible 10.87% upside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Sonoco Prods (NYSE:SON) was provided by Baird, and Sonoco Prods maintained their neutral rating.
The last upgrade for Sonoco Products Co happened on March 20, 2023 when Seaport Global raised their price target to $65. Seaport Global previously had a neutral for Sonoco Products Co.
The last downgrade for Sonoco Products Co happened on August 21, 2024 when Wells Fargo changed their price target from $54 to $52 for Sonoco Products Co.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Sonoco Prods, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Sonoco Prods was filed on November 4, 2024 so you should expect the next rating to be made available sometime around November 4, 2025.
While ratings are subjective and will change, the latest Sonoco Prods (SON) rating was a maintained with a price target of $58.00 to $55.00. The current price Sonoco Prods (SON) is trading at is $49.61, which is out of the analyst’s predicted range.
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