Sonoco Products Co Upgraded to Buy with $60 Price Target by Analyst
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Dividend Appeal: Sonoco Products Co boasts a 4.65% dividend yield, attracting investors seeking stable returns during market turbulence, which highlights the company's strong free cash flow and commitment to shareholder rewards.
- Rating Upgrade: Analyst George Staphos from B of A Securities upgraded Sonoco from Neutral to Buy on January 5, 2026, raising the price target from $56 to $60, reflecting confidence in the company's future performance.
- Market Reaction: Following the analyst upgrade, Sonoco's stock price showed an upward trend, indicating market recognition of its growth potential, which may attract more investor interest.
- Recent Transaction: On November 3, Sonoco completed the sale of its ThermoSafe unit, further optimizing its asset portfolio, which is expected to enhance the company's financial flexibility and competitive position in the market.
Analyst Views on SON
Wall Street analysts forecast SON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SON is 52.71 USD with a low forecast of 47.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
4 Buy
5 Hold
0 Sell
Moderate Buy
Current: 48.940
Low
47.00
Averages
52.71
High
60.00
Current: 48.940
Low
47.00
Averages
52.71
High
60.00
About SON
Sonoco Products Company is a global designer, developer, and manufacturer of a variety of highly engineered and sustainable packaging serving multiple end markets. Its segments include Consumer Packaging and Industrial Paper Packaging. Products within the Consumer Packaging segment consist of rigid packaging (paper, metal, and plastic), primarily serving the consumer staples market focused on food, beverage, household, personal, and pharmaceutical products. Its rigid paper containers are manufactured from 100% recycled paperboard provided primarily from Sonoco global paper operations. These paper products are primarily used in the food and beverage markets. Products within the Industrial Paper Packaging segment consist primarily of goods produced from recycled fiber including paperboard tubes, cores, cones and cans; partitions; paper-based protective materials, and uncoated recycled paperboard for high-end applications such as folding cartons, can board, and laminated structures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
