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In the latest session, Sonoco Products Co. (NYSE: SON) closed at $53.44 down -1.47% from its previous closing price of $54.24. In other words, the price has decreased by -$1.47 from its previous closing price. On the day, 1.17 million shares were traded. SON stock price reached its highest trading level at $54.59 during the session, while it also had its lowest trading level at $52.89.
Ratios:
For a deeper understanding of Sonoco Products Co.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 37.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.25. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 1.37 whereas as Long-Term Debt/Eq ratio is at 1.15.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on August 21, 2024, Downgraded its rating to Underweight and sets its target price to $52 from $54 previously.
On July 19, 2024, Raymond James started tracking the stock assigning a Outperform rating and target price of $62.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 13 ’24 when Tomaszewski Jeffrey S bought 6,200 shares for $54.84 per share.
Wood Adam sold 537 shares of SON for $30,630 on Mar 06 ’24. The VP Paper&Ind Converted Prod now owns 28,273 shares after completing the transaction at $57.04 per share. On Feb 28 ’24, another insider, Grissett Russell K, who serves as the Pres Global Flexible Packaging of the company, sold 2,039 shares for $56.06 each. As a result, the insider received 114,306 and left with 11,988 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 5250896896 and an Enterprise Value of 8464235008. As of this moment, Sonoco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.39, and their Forward P/E ratio for the next fiscal year is 9.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.80 while its Price-to-Book (P/B) ratio in mrq is 2.16. Its current Enterprise Value per Revenue stands at 1.281 whereas that against EBITDA is 8.415.
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 $48.22. The 50-Day Moving Average of the stock is -0.08%, while the 200-Day Moving Average is calculated to be -3.81%.
Shares Statistics:
For the past three months, SON has traded an average of 698.37K shares per day and 557830 over the past ten days. 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 81.42% stake in the company. Shares short for SON as of 1727654400 were 1650649 with a Short Ratio of 2.36, compared to 1724976000 on 2592218. Therefore, it implies a Short% of Shares Outstanding of 1650649 and a Short% of Float of 2.18.
Dividends & Splits
According to the company, the forward annual dividend rate for SON is 2.06, from 2.05 in the trailing year. Against a Trailing Annual Dividend Yield of 0.037794985The stock’s 5-year Average Dividend Yield is 3.23.
