<div id="readability-page-1"><p><span>Sonoco Products (NYSE:SON - Get Free Report)</span> had its target price reduced by analysts at Citigroup  from $56.00 to $55.00 in a research report issued on Monday,Benzinga reports. The firm currently has a &#34;buy&#34; rating on the industrial products company's stock. Citigroup's price target indicates a potential upside of 25.28% from the company's current price.</p><div><p><span></span><span>Get <strong>Sonoco Products</strong> alerts:</span></p></div><ul><li>Microsoft Stock After Xbox Price Hike: Buy or Hold?</li></ul><p>Several other research analysts have also commented on the company. UBS Group lifted their price target on Sonoco Products from $48.00 to $50.00 and gave the stock a &#34;neutral&#34; rating in a research report on Thursday, July 24th. Raymond James Financial boosted their target price on Sonoco Products from $50.00 to $55.00 and gave the company an &#34;outperform&#34; rating in a report on Tuesday, July 15th. Finally, Truist Financial boosted their target price on Sonoco Products from $53.00 to $58.00 and gave the company a &#34;buy&#34; rating in a report on Friday, July 25th. Six investment analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the company. According to data from MarketBeat.com, Sonoco Products currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $57.63.</p><p><b>Read Our Latest Stock Report on Sonoco Products</b></p><h2>Sonoco Products Trading Down 0.5%</h2><ul><li>Don’t Miss These 3 Japanese Stocks as Interest Rates Climb</li></ul><p>SON opened at $43.90 on Monday. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 0.59 and a beta of 0.70. Sonoco Products has a 52 week low of $39.46 and a 52 week high of $55.33. The business's 50 day moving average is $46.32 and its two-hundred day moving average is $45.59. The company has a quick ratio of 0.72, a current ratio of 1.25 and a debt-to-equity ratio of 1.53. </p><p>Sonoco Products (NYSE:SON - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.07). The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.92 billion. Sonoco Products had a return on equity of 20.46% and a net margin of 8.35%.The company's quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the firm earned $1.28 EPS.  Sonoco Products has set its FY 2025 guidance at 6.000-6.2 EPS. On average, research analysts predict that  Sonoco Products will post 6.1 EPS for the current year. </p><h2>Institutional Trading of Sonoco Products</h2><ul><li>GameStop Stock Downtrend Is Intact: The End Game Draws Near</li></ul><p>Institutional investors have recently bought and sold shares of the company. Beverly Hills Private Wealth LLC grew its stake in  Sonoco Products by 4.1% in the first quarter. Beverly Hills Private Wealth LLC now owns 5,669 shares of the industrial products company's stock valued at $268,000 after purchasing an additional 224 shares in the last quarter.  CW Advisors LLC grew its stake in  Sonoco Products by 1.5% in the first quarter. CW Advisors LLC now owns 14,791 shares of the industrial products company's stock valued at $699,000 after purchasing an additional 224 shares in the last quarter.  Federated Hermes Inc. grew its stake in  Sonoco Products by 2.5% in the first quarter. Federated Hermes Inc. now owns 9,304 shares of the industrial products company's stock valued at $440,000 after purchasing an additional 230 shares in the last quarter.  Richardson Financial Services Inc. grew its stake in  Sonoco Products by 13.2% in the second quarter. Richardson Financial Services Inc. now owns 2,185 shares of the industrial products company's stock valued at $100,000 after purchasing an additional 255 shares in the last quarter.  Finally, State of Michigan Retirement System grew its stake in  Sonoco Products by 1.3% in the first quarter. State of Michigan Retirement System now owns 23,551 shares of the industrial products company's stock valued at $1,113,000 after purchasing an additional 300 shares in the last quarter. 77.69% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Sonoco Products Company Profile</h2> (Get Free Report)<p>Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Sonoco Products</li><li>What Are Trending Stocks? Trending Stocks Explained</li><li>SoundHound Breaks Critical Resistance: How High Can It Get Now?</li><li>What is Short Interest? How to Use It</li><li>Klarna IPO: BNPL Stock or Something Bigger?</li><li>Should You Add These Warren Buffett Stocks to Your Portfolio?</li><li>Why Teradyne Is a Core Play in the AI Hardware Boom</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNPTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNPTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Sonoco Products Right Now?</h2><p>Before you consider Sonoco Products, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sonoco Products wasn't on the list.</p><p>While Sonoco Products currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Citigroup has lowered its price target for Sonoco Products (NYSE:SON) from $56.00 to $55.00 while maintaining a "buy" rating. This new target suggests a potential upside of 25.28% from the current price. Other analysts have also adjusted their targets, with UBS raising it to $50.00 and Raymond James to $55.00. Sonoco Products reported a quarterly EPS of $1.37, missing estimates, and has set FY 2025 guidance at 6.000-6.2 EPS. The stock is currently trading at $43.90, with a market cap of $4.33 billion.</p>

Sonoco Products (NYSE:SON) Price Target Lowered to $55.00 at Citigroup