Extremely important negative changes in investment behavior have recently occurred for Sonoco Products Co (NYSE: SON): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
Sonoco Products Co (NYSE: SON). Slight negative changes in fundamentals have recently occurred: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Sonoco Products has a neutral Appreciation Score of 55 and a slightly positive Power Rating of 66, resulting in the High Neutral Value Trend Rating.
Recent Price Action
Sonoco Products Co (NYSE: SON) stock closed at $55.60 on 6/21/24 after a modest decline of -1.5%. Moreover, exceptionally high trading volume at 959% of normal accompanied the decline. The stock has declined -4.5% during the last week and has performed in line with the market over the last nine months.
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