Truist has revised its price target for Sonoco (SON, Financial), decreasing it from $60 to $54, while maintaining a Buy rating on the stock. This adjustment reflects the recent compression of valuation multiples within the firm's coverage, driven by growing worries over tariffs and a possible economic downturn linked to reduced consumer demand.
The analyst's note underscores the impact that these macroeconomic factors are having on the market, influencing investor sentiment and valuations across various sectors. Despite these challenges, Truist's continued Buy rating indicates confidence in Sonoco's potential resilience and performance in the face of current economic uncertainties.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Sonoco Products Co (SON, Financial) is $56.29 with a high estimate of $65.00 and a low estimate of $45.00. The average target implies an upside of 29.57% from the current price of $43.44. More detailed estimate data can be found on the Sonoco Products Co (SON) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Sonoco Products Co's (SON, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Sonoco Products Co (SON, Financial) in one year is $77.72, suggesting a upside of 78.91% from the current price of $43.44. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Sonoco Products Co (SON) Summary page.
