Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Sonoco Products Co (NYSE: SON) improved recently. SON’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Sonoco Products Co (NYSE: SON) stock closed at $55.89 on 3/18/24 after a modest decline of -1.9%. Moreover, trading volume in this decline was unusually high at 196% of normal. The stock has declined -2.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
SON is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Sonoco Products has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Sonoco Products has a neutral Appreciation Score of 54 and a neutral Power Rating of 58, and the Neutral Value Trend Rating results.
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