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In a recent move, John R. Haley, a director at Sonoco Products Co (NYSE:SON), acquired 3,000 shares of the company’s common stock. The purchase was made on February 27, 2025, at an average price of $46.7566 per share, totaling approximately $140,269. The purchase comes as the stock trades near its 52-week low, with analysts setting price targets ranging from $48 to $65. According to InvestingPro analysis, the stock appears fairly valued at current levels. Following this transaction, Haley holds a direct ownership of 18,558 shares. Additionally, there is an indirect holding of 183,497 shares under his spouse’s name. Sonoco Products Co, headquartered in Hartsville, South Carolina, is known for its manufacturing of paperboard containers and boxes. The $4.6 billion market cap company boasts a notable 4.47% dividend yield and has raised its dividend for 42 consecutive years. InvestingPro subscribers can access 10+ additional key insights about SON’s financial health and growth prospects.
In other recent news, Sonoco Products reported fourth-quarter revenue of $1.36 billion, which fell short of the $1.59 billion consensus estimate. The company’s adjusted earnings per share were $1.17, slightly below the $1.19 analysts were expecting. For 2025, Sonoco forecasts adjusted EPS of $6.00 to $6.25, under the Wall Street consensus of $6.40, and expects cash flow from operations between $750 million and $850 million. The company completed the acquisition of Eviosys, a European food can manufacturer, in December and anticipates approximately 20% growth in adjusted net income in 2025 compared to 2024.
Raymond (NSE:RYMD) James analyst Matt Roberts adjusted the price target for Sonoco stock to $54.00 from $58.00, maintaining an Outperform rating. Despite challenges, the analyst noted Sonoco’s guidance for 2025 was above prior expectations, with a strong volume outlook and potential margin expansion. Sonoco’s strategic review of Thermosafe is expected to be completed by the end of 2025, which prolongs market uncertainty. Raymond James slightly increased their 2025 EBITDA/EPS estimates for Sonoco, citing an attractive valuation for long-term investors.
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