SON Similar Chart Price Prediction
The price of SON is predicted to go up -11.03%, based on the high correlation periods with ASND. The similarity of these two price pattern on the periods is 92.88%.
SON
ASND
Down: -11.03%Similarity: 92.88%
SON Revenue Forecast
SON EPS Forecast
SON FAQs
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SON VS S&P500
Sonoco is diversified across a number of consumer and industrial packaging substrates, which reduces its reliance on certain substrates and end markets.
The acquisition of Ball Metalpack increases Sonoco's exposure to the competitively advantaged metal food packaging industry.
Most of Sonoco's sales are under contracts with price escalators and cost-recovery provisions that help maintain stable margins.
SON Analyst's Forecast
Anthony Pettinari
Citigroup
Strong Buy
2025-01-06
Price Target
$59 → $55
Upside
+16.45%
Citi lowered the firm's price target on Sonoco Products to $55 from $59 and keeps a Buy rating on the shares. The firm updated estimates and preferred stock rankings as part of its 2025 packaging outlook. Packagers meaningfully underperformed in 2024 as tepid volumes and price/cost pressure drove negative estimate revisions throughout the year, the analyst tells investors in a research note. However, positively, packaging CEOs are responding with a greater sense of urgency, drive mergers and acquisitions, contends Citi. The firm views Sealed Air (SEE) as the most likely acquisition target in 2025. Its preferred names in 2025 are Smurfit WestRock (SW), Sealed Air, and Silgan Holdings (SLGN).
George Staphos
B of A Securities
Strong Buy
2025-01-06
Price Target
$66 → $71
Upside
+50.33%
Michael Roxland
Truist Securities
Strong Buy
2025-01-06
Price Target
$63 → $68
Upside
+43.98%
