Truist Financial Issues Positive Forecast for Sonoco Products Stock Price
| SON Stock | USD 48.46 0.15 0.31% |
About 61% of Sonoco Products' investor base is looking to short. The analysis of overall sentiment of trading Sonoco Products stock suggests that many investors are alarmed at this time. Sonoco Products' investing sentiment overview a quick insight into current market opportunities from investing in Sonoco Products. Many technical investors use Sonoco Products stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Sonoco Products had its price objective raised by stock analysts at Truist Financial from 63.00 to 68.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the industrial products companys stock. Truist Financials target price indicates a potential upside of 43.40 percent
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Sonoco Products Fundamental Analysis
We analyze Sonoco Products' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sonoco Products using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sonoco Products based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Annual Yield
Annual Yield Comparative Analysis
Sonoco Products is currently under evaluation in annual yield category among its peers. Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Sonoco Products Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sonoco Products stock to make a market-neutral strategy. Peer analysis of Sonoco Products could also be used in its relative valuation, which is a method of valuing Sonoco Products by comparing valuation metrics with similar companies.
Peers
Sonoco Products Related Equities
| PKG | Packaging Corp | 0.43 | ||||
| SLGN | Silgan Holdings | 0.02 | ||||
| RPM | RPM International | 0.39 | ||||
| ATR | AptarGroup | 0.83 | ||||
| SCL | Stepan | 1.30 |
Check out Sonoco Products Hype Analysis, Sonoco Products Correlation and Sonoco Products Performance. To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Paper & Plastic Packaging Products & Materials space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sonoco Products. If investors know Sonoco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sonoco Products listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Sonoco Products is measured differently than its book value, which is the value of Sonoco that is recorded on the company's balance sheet. Investors also form their own opinion of Sonoco Products' value that differs from its market value or its book value, called intrinsic value, which is Sonoco Products' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sonoco Products' market value can be influenced by many factors that don't directly affect Sonoco Products' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sonoco Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonoco Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonoco Products' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.