Sonoco stock: Baird lowers target for Sonoco stock from USD 60.00 to USD 57.00

Published on 10/24/2026 at 02:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter adjusted EPS fell to USD 1.67 from USD 1.92 after results. For Sonoco stock, full-year 2026 guidance is USD 5.30-5.50.

Earnings and shareholder dates

Baird cut its Sonoco target from USD 60.00 to USD 57.00 on October 23, 2026.
Third-quarter adjusted earnings per share were USD 1.67 versus USD 1.92 a year earlier.
Sonoco will pay a USD 0.54 quarterly dividend on December 10, 2026, to holders of record on November 10, 2026.

SON, US8354951027, Illustration mit AI erstellt.

Sonoco Products Company (ISIN US8354951027) faces a lower analyst valuation after Business Insider reported on October 23, 2026 that Baird cut its price target from USD 60.00 to USD 57.00 while keeping a Neutral rating. The move followed Sonoco's third-quarter results and weaker full-year guidance.

Third-quarter results reset expectations

Sonoco reported third-quarter net sales of USD 2.04 billion for the period ended September 27, 2026, down 4.2 percent from USD 2.13 billion a year earlier. Adjusted earnings per share fell to USD 1.67 from USD 1.92, a decline of 13.0 percent.

The reported GAAP loss was USD 732.1 million, compared with net income of USD 122.9 million in the prior-year quarter. Sonoco attributed the result to a non-cash goodwill impairment charge of USD 828.9 million, while adjusted operating results were pressured by inflation, freight costs and lower volume and mix.

What does guidance mean for margins?

Sonoco lowered its full-year 2026 adjusted earnings-per-share outlook to USD 5.30-5.50 from USD 5.80-6.20. The company also guided to adjusted EBITDA of USD 1.20-1.25 billion and operating cash flow of USD 600-650 million for fiscal year 2026, according to the October 21 release.

The quarterly split shows why analysts are cautious. Consumer Packaging generated USD 1.40 billion in third-quarter sales, down 2.9 percent year over year, while Industrial Paper Packaging grew sales 5.2 percent to USD 645.6 million. Industrial's operating margin was 13.6 percent for the quarter, compared with 12.8 percent for Consumer Packaging.

Three recent signals for shareholders

On October 20, 2026, Sonoco maintained its quarterly dividend at USD 0.54 per share. On October 21, 2026, it reported USD 2.04 billion in third-quarter sales and USD 1.67 in adjusted earnings per share. On October 23, 2026, Baird lowered its target from USD 60.00 to USD 57.00.

Dates for the dividend

MarketScreener reported that the USD 0.54 dividend is payable on December 10, 2026, to shareholders of record on November 10, 2026.

NYSE valuation context

Sonoco's latest reported NYSE price was USD 50.12 on October 23, 2026 at 4:00 p.m. ET. The same market snapshot put its market capitalization at USD 5.0 billion and its 52-week range at USD 38.65 to USD 60.67.

The further course of trading is shown by the continuously updated real-time quote of Sonoco stock.