Sonoco Products Co (NYSE: SON) has reported earnings for its second fiscal quarter (ending June 30) of $0.92 versus $1.17 for the same period a year ago. E.P.S. were $3.72 for the latest four quarters through June 30 versus $4.92 for the same period a year ago.
Recent Price Action
Sonoco Products Co (NYSE: SON) stock closed at $53.92 on 7/31/24 after an increase of 1.4%. Moreover, trading volume in this advance was above average at 139% of normal. The stock has been weak relative to the market over the last nine months but has risen 3.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SON is expected to continue to be a major Value Builder.
Sonoco Products has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Sonoco Products has a neutral Power Rating of 50 and a slightly positive Appreciation Score of 60, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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