Sonoco Products (NYSE:SON) Given New $60.00 Price Target at Wells Fargo & Company

Sonoco Products (NYSE:SON) had its price objective boosted by Wells Fargo & Company from $47.00 to $60.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

Other analysts have also issued reports about the company. Raymond James Financial set a $60.00 price objective on Sonoco Products in a research note on Monday, January 5th. Zacks Research raised shares of Sonoco Products from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sonoco Products in a report on Wednesday, January 21st. Wall Street Zen raised shares of Sonoco Products from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, UBS Group boosted their target price on shares of Sonoco Products from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $57.13.

Sonoco Products Price Performance

Shares of NYSE:SON opened at $57.70 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $5.69 billion, a PE ratio of 5.73, a PEG ratio of 0.88 and a beta of 0.54. The firm has a 50 day moving average of $47.32 and a 200-day moving average of $44.65. Sonoco Products has a 12 month low of $38.65 and a 12 month high of $58.44.

Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Monday, February 16th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Sonoco Products had a net margin of 13.34% and a return on equity of 18.52%. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, equities research analysts predict that Sonoco Products will post 6.1 EPS for the current fiscal year.

Sonoco Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, February 25th. Sonoco Products’s payout ratio is 21.05%.

Institutional Investors Weigh In On Sonoco Products

A number of institutional investors have recently made changes to their positions in SON. Powell Investment Advisors LLC raised its position in shares of Sonoco Products by 1.0% during the fourth quarter. Powell Investment Advisors LLC now owns 20,718 shares of the industrial products company’s stock worth $904,000 after acquiring an additional 203 shares during the last quarter. IFP Advisors Inc raised its holdings in Sonoco Products by 8.6% during the 4th quarter. IFP Advisors Inc now owns 2,996 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 237 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Sonoco Products by 77.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 258 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of Sonoco Products by 5.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 6,006 shares of the industrial products company’s stock worth $259,000 after purchasing an additional 304 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Sonoco Products by 2.8% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 12,742 shares of the industrial products company’s stock valued at $549,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 77.69% of the company’s stock.

More Sonoco Products News

Here are the key news stories impacting Sonoco Products this week:

• Positive Sentiment: Earnings beat and strong top-line: SON reported $1.05 EPS vs. $1.01 expected and $1.77B revenue vs. $1.76B expected; revenue rose ~29.7% year-over-year — a key driver of the stock move. View Press Release
• Positive Sentiment: Investor Day update: Management outlined its value-creation strategy, financial targets and capital allocation plan — clarity that supports the recent re-rating. Sonoco Provides Investors with Strategy and Financial Update
• Positive Sentiment: Analysts lifted price targets to $60: Wells Fargo and Robert W. Baird raised PTs from the high-$40s to $60, signaling higher fair-value estimates even as they kept neutral/equal-weight ratings. Benzinga Tickerreport
• Positive Sentiment: Technical/market signal: Shares reached a 52-week high this week after the print, reflecting strong investor interest and momentum. Sonoco Surges to 52-Week High
• Neutral Sentiment: FY-2026 guidance: Sonoco set EPS guidance of $5.80–6.20, which sits roughly around the consensus (~$5.98) — the range shows potential upside but also variability. View Slide Deck / Guidance
• Neutral Sentiment: Analyst ratings unchanged: Although PTs rose, both firms left “neutral” / “equal weight” stances — suggesting analysts see limited near-term upside rather than a buy conviction. Benzinga
• Negative Sentiment: Upside appears limited from current levels: The new $60 targets imply only modest upside (~low single digits) from recent prices, which could cap further gains unless guidance or fundamentals materially exceed expectations. Tickerreport

About Sonoco Products

Sonoco Products Company (NYSE: SON) is a global provider of diversified packaging solutions, serving a wide range of consumer, industrial and retail markets. The company offers a broad portfolio that includes rigid paper and plastic containers, flexible packaging, industrial core and tube products, thermoformed plastics, retail point-of-purchase displays, and packaging supply chain services. Through its solutions, Sonoco helps customers in food and beverage, personal care, chemicals, healthcare, home and garden, and electronics industries address their packaging needs, improve product shelf appeal, and optimize logistics efficiency.

With operations in more than 30 countries across North America, South America, Europe, Asia and Africa, Sonoco leverages a global network of manufacturing facilities, recycling centers and distribution channels to meet the demands of multinational and regional customers.