Sonoco Products (NYSE:SON) Given New $60.00 Price Target at Robert W. Baird

Sonoco Products (NYSE:SON) had its target price upped by Robert W. Baird from $48.00 to $60.00 in a report released on Wednesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the industrial products company’s stock.

Several other equities analysts also recently commented on SON. Bank of America upgraded Sonoco Products from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $56.00 to $60.00 in a research report on Monday, January 5th. Wall Street Zen raised Sonoco Products from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Truist Financial upped their price target on Sonoco Products from $53.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. UBS Group increased their price objective on shares of Sonoco Products from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Finally, Raymond James Financial set a $60.00 target price on shares of Sonoco Products in a report on Monday, January 5th. Four investment 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, Sonoco Products has an average rating of “Hold” and a consensus target price of $57.13.

Sonoco Products Trading Up 1.7%

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

Sonoco Products (NYSE:SON) last issued its quarterly earnings results on Monday, February 16th. The industrial products company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.76 billion. Sonoco Products had a net margin of 13.34% and a return on equity of 18.52%. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, equities research analysts expect that Sonoco Products will post 6.1 EPS for the current year.

Sonoco Products Dividend Announcement

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

Hedge Funds Weigh In On Sonoco Products

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

Sonoco Products News Summary

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

Sonoco Products Company Profile

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.