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12/07/2023 16:10:00 EST
Sonoco Products Company (SON)
Industry: Packaging & Containers
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, SON has been trading in a range between $55.47 and $49.65 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Yellow zone which means the stock is transitioning zones. We would avoid this stock currently.
Upside / Downside Potential
Sonoco Products Company (SON) entered a Yellow zone 1 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 3.857, which is a Buy. The current analyst target price is $61.6, which gives it a potential upside of 11.94 % from the recent price of 55.03. The stock is trading 13.72% (potential upside) below its 52 week high of $62.58 and 11.15 % (potential downside) above its 52 week low of $49.51 - based on the recent price.
Company Summary
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 through two segments: Consumer Packaging and Industrial Paper Packaging. 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.
News
| Sonoco (SON) Buys Inapel to Boost Its Packaging Portfolio Sonoco (SON) acquires Brazil-based packaging manufacturer, Inapel. Source: Zacks Investment Research Mon, 04 Dec 2023 13:32:55 -0500 Sentiment: Positive |
| Sonoco Acquires Inapel Embalagens Ltda. HARTSVILLE, S.C., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Global packaging leader Sonoco (NYSE: SON) is pleased to announce the expansion of its flexible packaging service operations with the acquisition of Inapel Embalagens Ltda. Source: GlobeNewsWire Fri, 01 Dec 2023 16:00:00 -0500 Sentiment: Neutral |
| Why Is Sonoco (SON) Up 1.9% Since Last Earnings Report? Sonoco (SON) reported earnings 30 days ago. What's next for the stock? Source: Zacks Investment Research Thu, 30 Nov 2023 12:48:28 -0500 Sentiment: Positive |
| Are Investors Undervaluing Sonoco (SON) Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Source: Zacks Investment Research Mon, 27 Nov 2023 11:18:42 -0500 Sentiment: Positive |
| Is Sonoco (SON) Stock Undervalued Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Source: Zacks Investment Research Thu, 09 Nov 2023 11:18:33 -0500 Sentiment: Positive |
Technicals 52 Week Hi: 62.5785 52 Week Low: 49.513 Beta: 0.709 50 Day MA: 53.7752 200 Day MA: 57.2684 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.065 Qtr Revenue Growth YOY: -0.095 Forward PE: 9.98 Trailing PE: 10.9657