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Stock Charts AI Power Rank: 8.4
Power Rank trend -> Rising
09/06/2024 16:10:00 EST
Sonoco Products Company (SON)
Industry: Packaging & Containers
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, SON has been trading in a range between $56.57 and $48.98 (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.
SON is trading between resistance at $56.68 about 3% to the upside and support at $52.79 -4% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $57.63, about a 5% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Sonoco Products Company $SON entered a Green zone 35 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $61.6, a potential upside of 11.96% from the recent price of 55.02. The stock is trading 11.01% (potential upside) below its 52 week high of $61.08 and 15.32 % (potential downside) above its 52 week low of $47.71 - 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 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.
News
| Sonoco Initiates Review of TFP Business to Simplify Portfolio SON initiates a review of the TFP business to drive higher returns with a leaner portfolio. Source: Zacks Investment Research Thu, 05 Sep 2024 12:41:23 -0400 Sentiment: Neutral |
| Sonoco Announces Review of Strategic Alternatives for the Thermoformed & Flexibles Packaging Business as Part of Further Portfolio Simplification HARTSVILLE, S.C., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, today announced that it has initiated a review of strategic alternatives for the Company's Thermoformed & Flexible Packaging (“TFP”) business, a part of the Company's Consumer Packaging segment. Source: GlobeNewsWire Wed, 04 Sep 2024 16:07:00 -0400 Sentiment: Neutral |
| Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Source: Benzinga Wed, 28 Aug 2024 08:58:26 -0400 Sentiment: Positive |
| Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks With Over 4% Dividend Yields During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Source: Benzinga Thu, 15 Aug 2024 07:50:52 -0400 Sentiment: Positive |
| Sonoco (SON) Earnings Top Estimates in Q2, Sales Dip Y/Y Sonoco's (SON) Q2 top line reflects the impacts of the divestiture of Protective Solutions and the thermoformed food packaging plant closure. Source: Zacks Investment Research Mon, 05 Aug 2024 13:22:15 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 61.0816 52 Week Low: 47.7134 Beta: 0.674 50 Day MA: 51.5526 200 Day MA: 55.7402 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.207 Qtr Revenue Growth YOY: -0.048 Forward PE: 9.8232 Trailing PE: 14.8302