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Sonoco Products Co. (NYSE: SON) closed the day trading at $48.50 down -2.16% from the previous closing price of $49.57. In other words, the price has decreased by -$2.16 from its previous closing price. On the day, 1.41 million shares were traded. SON stock price reached its highest trading level at $49.6 during the session, while it also had its lowest trading level at $48.22.
Ratios:
For a better understanding of SON, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.15. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 1.31. In the meantime, Its Debt-to-Equity ratio is 1.41 whereas as Long-Term Debt/Eq ratio is at 1.20.
On March 20, 2023, Seaport Research Partners Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $65.
Argus Upgraded its Hold to Buy on February 14, 2023, while the target price for the stock was maintained at $67.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 06 ’24 when Wood Adam sold 537 shares for $57.04 per share. The transaction valued at 30,630 led to the insider holds 28,273 shares of the business.
Grissett Russell K sold 2,039 shares of SON for $114,306 on Feb 28 ’24. The Pres Global Flexible Packaging now owns 11,988 shares after completing the transaction at $56.06 per share. On Feb 23 ’24, another insider, Tomaszewski Jeffrey S, who serves as the Pres., Diversified Business of the company, sold 10,500 shares for $57.53 each. As a result, the insider received 604,106 and left with 13,456 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SON now has a Market Capitalization of 4765484032 and an Enterprise Value of 8022598144. As of this moment, Sonoco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.25, and their Forward P/E ratio for the next fiscal year is 8.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 1.97. Its current Enterprise Value per Revenue stands at 1.199 whereas that against EBITDA is 7.96.
Stock Price History:
Over the past 52 weeks, SON has reached a high of $61.73, while it has fallen to a 52-week low of $49.10. The 50-Day Moving Average of the stock is -15.67%, while the 200-Day Moving Average is calculated to be -13.63%.
Shares Statistics:
Over the past 3-months, SON traded about 653.09K shares per day on average, while over the past 10 days, SON traded about 1569710 shares per day. A total of 97.96M shares are outstanding, with a floating share count of 97.30M. Insiders hold about 0.97% of the company’s shares, while institutions hold 79.69% stake in the company. Shares short for SON as of 1718323200 were 1350742 with a Short Ratio of 2.07, compared to 1715731200 on 1416997. Therefore, it implies a Short% of Shares Outstanding of 1350742 and a Short% of Float of 1.78.
Dividends & Splits
SON’s forward annual dividend rate is 2.05, up from 2.04 a year ago. Against a Trailing Annual Dividend Yield of 0.041153923The stock’s 5-year Average Dividend Yield is 3.18.
