Sonoco Products (NYSE:SON) Price Target Raised to $70.00 at Citigroup

Sonoco Products (NYSE:SON) had its price target raised by Citigroup from $52.00 to $70.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Other research analysts have also issued reports about the stock. Jefferies Financial Group reduced their target price on shares of Sonoco Products from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sonoco Products in a research report on Wednesday, January 21st. UBS Group raised their target price on shares of Sonoco Products from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Wall Street Zen upgraded Sonoco Products from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Robert W. Baird increased their price target on Sonoco Products from $48.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $60.75.

Sonoco Products Trading Down 2.8%

Shares of SON opened at $56.04 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.05 and a quick ratio of 0.58. Sonoco Products has a 1-year low of $38.65 and a 1-year high of $58.44. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 5.57, a price-to-earnings-growth ratio of 1.15 and a beta of 0.54. The firm has a 50 day simple moving average of $47.60 and a 200-day simple moving average of $44.73.

Sonoco Products (NYSE:SON) last announced its earnings results on Monday, February 16th. The industrial products company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. Sonoco Products had a return on equity of 18.52% and a net margin of 13.34%.The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. Sonoco Products’s quarterly 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. Equities analysts forecast that Sonoco Products will post 6.1 EPS for the current fiscal year.

Sonoco Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $2.12 dividend on an annualized basis and a yield of 3.8%. Sonoco Products’s dividend payout ratio (DPR) is currently 21.05%.

Institutional Trading of Sonoco Products

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its holdings in 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 acquiring an additional 258 shares during the last quarter. Cornerstone Planning Group LLC purchased a new position in shares of Sonoco Products in the 3rd quarter worth about $29,000. LRI Investments LLC acquired a new position in shares of Sonoco Products in the 4th quarter valued at about $29,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Sonoco Products during the 2nd quarter worth about $30,000. Finally, True Wealth Design LLC increased its position in Sonoco Products by 172.5% during the 3rd quarter. True Wealth Design LLC now owns 744 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 471 shares in the last quarter. 77.69% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Sonoco Products

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

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.