Wells Fargo & Company Forecasts Strong Price Appreciation for Sonoco Products (NYSE:SON) Stock

Sonoco Products (NYSE:SON) had its target price lifted by research analysts at Wells Fargo & Company from $47.00 to $60.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 7.07% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. UBS Group upped their price target 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sonoco Products in a report on Wednesday, January 21st. Truist Financial boosted their price target on Sonoco Products from $53.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Robert W. Baird lifted their target price on shares of Sonoco Products from $48.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Zacks Research raised shares of Sonoco Products from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.75.

Sonoco Products Trading Down 2.8%

Shares of NYSE SON opened at $56.04 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 1.05 and a debt-to-equity ratio of 1.04. Sonoco Products has a 12 month low of $38.65 and a 12 month high of $58.44. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of 1.15 and a beta of 0.54. The business has a fifty day simple moving average of $47.60 and a 200-day simple moving average of $44.73.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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 purchasing an additional 203 shares during the period. IFP Advisors Inc raised its holdings 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 buying an additional 237 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Sonoco Products by 77.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock valued at $26,000 after buying an additional 258 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Sonoco Products by 5.3% during the third quarter. CIBC Private Wealth Group LLC now owns 6,006 shares of the industrial products company’s stock valued at $259,000 after buying an additional 304 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its position in shares of Sonoco Products by 2.8% during the third quarter. Linden Thomas Advisory Services LLC now owns 12,742 shares of the industrial products company’s stock worth $549,000 after acquiring an additional 345 shares in the last quarter. Institutional investors own 77.69% of the company’s stock.

Sonoco Products News Summary

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

• Positive Sentiment: Citigroup raised its price target from $52 to $70 and moved to a “buy” rating, implying roughly 25% upside from the referenced price — a clear bull signal that could support further gains. Article Title
• Positive Sentiment: Sonoco hit a new 52‑week high after reporting better‑than‑expected earnings and raising FY‑2026 guidance, validating recent operational momentum and providing a fundamental catalyst. Article Title
• Positive Sentiment: A market write‑up noted the post‑earnings surge and questioned whether there’s more upside or a pullback, highlighting continued investor interest after the strong print. Article Title
• Neutral Sentiment: UBS raised its price target from $48 to $62 but kept a “neutral” rating — the higher target is constructive, though the unchanged stance may limit immediate buying pressure. Article Title
• Neutral Sentiment: Wells Fargo lifted its target to $60 and maintained “equal weight,” signaling modest upside but a cautious view on near‑term outperformance. Article Title
• Neutral Sentiment: Robert W. Baird raised its target to $60 while keeping a “neutral” rating — another example of price‑target support without a full endorsement to buy. Article Title Ticker Report

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.