Sonoco Products stock faces analyst caution before results

Published on 10/01/2026 at 06:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sonoco Products stock faces a September 3, 2026 downgrade as Bank of America cuts its target to USD 60.00. Second-quarter adjusted EPS beat estimates.

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Sonoco Products stock faces renewed analyst caution after Bank of America cut its rating from Buy to Neutral and reduced its price target from USD 69.00 to USD 60.00 on September 3, 2026. The packaging company enters October with second-quarter adjusted EPS of USD 1.51 against a USD 1.47 consensus estimate.

Bank of America cuts its target

According to MarketBeat on September 3, 2026, Bank of America moved Sonoco from Buy to Neutral and set the new USD 60.00 target. The revised target remains above the Lang & Schwarz prior close of EUR 43.09, but the currencies and venues are different and are not combined into one return calculation.

The same report placed the analyst consensus at Hold, with five Buy ratings and seven Hold ratings. That split points to a more cautious view of earnings momentum than the earlier Buy recommendation from Bank of America.

Second-quarter figures beat estimates

Sonoco reported second-quarter revenue of USD 1.89 billion against a USD 1.88 billion consensus estimate, while adjusted EPS reached USD 1.51 versus USD 1.47 expected, according to MarketBeat. Revenue declined 1.30 percent year over year, making the earnings beat a mixed signal for the packaging group.

Sonoco's fiscal 2026 guidance calls for adjusted EPS of USD 5.80-6.20, also according to MarketBeat. The range gives investors a concrete benchmark for the next earnings release and shows why the analyst revision centers on future estimates rather than the latest quarterly beat.

October results set the next checkpoint

Sonoco will announce third-quarter 2026 results after the market close on October 21, 2026, and hold its earnings call on October 22, 2026, at 8:00 a.m. ET, the company said in its Sonoco release dated September 22, 2026. The report will test whether adjusted earnings can stay ahead of consensus while revenue remains under pressure.

Sonoco had a market capitalization of USD 4.8 billion as of September 30, 2026. At Lang & Schwarz, the prior close was EUR 43.09 on September 29, 2026.