SON Price Prediction Next Week
Stock Price Prediction for Sonoco Products (SON)
Based on the analysis of news sentiment and technical indicators, the stock price of Sonoco Products (SON) is expected to rise in the next trading week. The price increase announcements and positive insider activity suggest a bullish outlook.
News Impact:
Price Increase Announcement: Sonoco's decision to raise prices for uncoated recycled paperboard and converted paperboard products, effective April 10 and April 15 respectively, is expected to positively impact margins and revenue. This move reflects the company's proactive approach to managing inflation and market conditions .
Insider Buying Activity: Recent purchases by insiders, including a director buying 3,000 shares, indicate confidence in the company's future prospects .
Technical Indicators:
Current Price: $46.705 (as of 2025-03-24).
RSI: The Relative Strength Index (RSI) for SON is at 46.55, indicating a neutral position and potential for upward movement.
MACD: The MACD line is slightly below the signal line, but the histogram shows a potential bullish crossover.
Fibonacci Levels: The stock is trading near the pivot point of $46.70, with resistance at $48.31 and support at $45.09.
Price Prediction:
Given the positive news and improving technical indicators, the stock is expected to move towards the upper resistance level. The target price for the next trading week is $48.00.
Recommendation:
Buy SON stock as the combination of positive news and favorable technical indicators suggests upward momentum in the short term.
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
What is SON revenue forecast for next quarter？
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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
Gabe Hajde
Wells Fargo
Sell
2025-02-24
Price Target
$50 → $48
Upside
+3.05%
Wells Fargo analyst Gabe Hajde lowered the firm's price target on Sonoco Products to $48 from $50 and keeps an Underweight rating on the shares. The firm says Q4 was a bit noisy, and it believes much of 2025 could be as well, with Sonoco integrating Eviosys, while offloading other businesses to quickly de-lever. Though Wells acknowledges management is executing, it awaits greater clarity to become more constructive.
Michael Roxland
Truist Securities
Strong Buy
2025-02-21
Price Target
$68 → $60
Upside
+28.12%
Anthony Pettinari
Citigroup
Strong Buy
2025-01-06
Price Target
$59 → $55
Upside
+16.45%
