Citigroup Maintains Buy on Sonoco Prods, Lowers Price Target to $60
$SON
Containers/Packaging
Consumer Discretionary
Citigroup analyst Anthony Pettinari maintains Sonoco Prods (NYSE:SON) with a Buy and lowers the price target from $64 to $60.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/21/2024 | $54.00 → $52.00 | Equal Weight → Underweight | Wells Fargo |
| 7/19/2024 | $62.00 | Outperform | Raymond James |
| 8/3/2023 | Buy → Hold | Argus | |
| 3/20/2023 | $65.00 | Neutral → Buy | Seaport Research Partners |
| 2/14/2023 | $67.00 | Hold → Buy | Argus |
| 10/31/2022 | $65.00 → $58.00 | Market Perform → Underperform | BMO Capital Markets |
| 10/13/2022 | $76.00 | Underperform → Buy | BofA Securities |
| 7/1/2022 | $66.00 | Buy | Citigroup |
4 - SONOCO PRODUCTS CO (0000091767) (Issuer)
4 - SONOCO PRODUCTS CO (0000091767) (Issuer)
4 - SONOCO PRODUCTS CO (0000091767) (Issuer)
HARTSVILLE, S.C., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company ("Sonoco" or the "Company") (NYSE:SON), one of the largest sustainable global packaging companies, today reported financial results for its third quarter ended September 29, 2024. Summary: Achieved GAAP net income attributable to Sonoco of $51 million, Adjusted EBITDA of $281 million, diluted earnings per share of $0.51 and Adjusted diluted earnings per share of $1.49Generated productivity improvements of $39 million during the third quarter of 2024 and $141 million during the first nine months of 2024Generated $438 million of operating cash flow and $171 million of Free Cash Flow duri
HARTSVLLE, S.C., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company ("Sonoco" or the "Company")(NYSE:SON), one of the largest global sustainable packaging companies, will announce third quarter 2024 results on Thursday, October 31, 2024 after the market closes. The Company will host a conference call to discuss these results on Friday, November 1, 2024 at 8:30 a.m. Eastern Time. A live audio webcast of the call along with supporting materials will be available on the Sonoco Investor Relations website at https://investor.sonoco.com/. A webcast replay will be available on the Company's website for at least 30 days following the call. Event:
HARTSVILLE, S.C., Oct. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE:SON) has declared a $0.52 per share quarterly common stock dividend. This dividend will be paid on December 10, 2024, to shareholders of record as of November 8, 2024. According to Howard Coker, President and Chief Executive Officer, this is the 398th consecutive quarter and 99th, year dating back to 1925, that the Company has paid dividends to shareholders, and is the 41st consecutive year the Company has increased its annualized dividend. Based on the closing price of Sonoco's common stock on October 14, 2024, the Company's dividend provides an approximate 3.8 percent yield, which is more than dou
Wells Fargo downgraded Sonoco Products from Equal Weight to Underweight and set a new price target of $52.00 from $54.00 previously
Raymond James initiated coverage of Sonoco Products with a rating of Outperform and set a new price target of $62.00
Argus downgraded Sonoco Products from Buy to Hold
In the latest quarter, 4 analysts provided ratings for Sonoco Prods (NYSE:SON), showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 2 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 Analysts have recently evaluated Sonoco Prods and provided 12-month price targets. The average target is $58.5, accompanied by a high estimate of $62.00 and a low estimate of $55.00. A decline of 0.85% from the prior average price target
Raymond James analyst Matt Roberts initiates coverage on Sonoco Prods (NYSE:SON) with a Outperform rating and announces Price Target of $62.
Wells Fargo analyst Gabe Hajde maintains Sonoco Prods (NYSE:SON) with a Equal-Weight and lowers the price target from $57 to $55.
HARTSVLLE, S.C., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company ("Sonoco" or the "Company")(NYSE:SON), one of the largest global sustainable packaging companies, will announce third quarter 2024 results on Thursday, October 31, 2024 after the market closes. The Company will host a conference call to discuss these results on Friday, November 1, 2024 at 8:30 a.m. Eastern Time. A live audio webcast of the call along with supporting materials will be available on the Sonoco Investor Relations website at https://investor.sonoco.com/. A webcast replay will be available on the Company's website for at least 30 days following the call. Event:
HARTSVILLE, S.C., Oct. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE:SON) has declared a $0.52 per share quarterly common stock dividend. This dividend will be paid on December 10, 2024, to shareholders of record as of November 8, 2024. According to Howard Coker, President and Chief Executive Officer, this is the 398th consecutive quarter and 99th, year dating back to 1925, that the Company has paid dividends to shareholders, and is the 41st consecutive year the Company has increased its annualized dividend. Based on the closing price of Sonoco's common stock on October 14, 2024, the Company's dividend provides an approximate 3.8 percent yield, which is more than dou
HARTSVILLE, S.C., July 31, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company ("Sonoco" or the "Company") (NYSE:SON), one of the largest sustainable global packaging companies, today reported financial results for its second quarter ended June 30, 2024. Summary: Achieved GAAP net income attributable to Sonoco of $91 million, Adjusted EBITDA of $262 million, diluted earnings per share of $0.92 and diluted Adjusted earnings per share of $1.28Generated strong productivity of $51 million during the second quarter and $102 million during the first half of 2024Generated $275 million of operating cash flow and $96 million of Free Cash Flow during the first half of
SC 13G/A - SONOCO PRODUCTS CO (0000091767) (Subject)
SC 13G/A - SONOCO PRODUCTS CO (0000091767) (Subject)
SC 13G/A - SONOCO PRODUCTS CO (0000091767) (Subject)
10-Q - SONOCO PRODUCTS CO (0000091767) (Filer)
8-K - SONOCO PRODUCTS CO (0000091767) (Filer)
8-K - SONOCO PRODUCTS CO (0000091767) (Filer)
HARTSVILLE, S.C., May 14, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company ("Sonoco" or the "Company") (NYSE:SON), one of the largest sustainable global packaging companies, today announced the upcoming retirement of tenured executive, Jeff Tomaszewski, President, Diversified Businesses, effective June 30, 2024. "On behalf of the entire Sonoco team, I want to thank Jeff for the great impact he has had on our team and business during his 22-year career with the company," said Howard Coker, President and CEO. "When we created our All Other group of businesses, I asked Jeff to take over these diversified businesses to evaluate their strategic long-term fit for Sonoco, while working in para
HARTSVILLE, S.C., Sept. 13, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON), a diversified global packaging leader, today announced the appointment of Shawn Munday as the Vice President of Global Mergers and Acquisitions, reporting to Chief Financial Officer, Rob Dillard. Shawn will lead business development strategies, mergers and acquisitions (M&A), divestitures, and other strategic investment partnerships and activities on behalf of the Company. "Shawn is a dynamic and proven financial and corporate development leader with a successful track record of identifying investments and M&A opportunities for global organizations and we are delighted to have him join Sonoco," said Rob Dillard, CFO.
HARTSVILLE, S.C., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON), one of the largest global sustainable packaging companies, today announced that Sundaram Nagarajan, a member of the Board of Directors, has made the decision to step down from the Board, effective immediately. Nagarajan was appointed a Director of Sonoco in 2015 and is President and Chief Executive Officer and a member of the board of directors of Nordson Corporation (NASDAQ:NDSN), an innovative precision technology company that leverages a scalable growth framework thru an entrepreneurial, division led organization to deliver top tier growth with leading margins and returns. In his letter of resignation, Nagarajan