Wells Fargo cuts target for Sonoco Products stock to USD 53.00

Published on 10/20/2026 at 13:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sonoco earned earnings per share of USD 1.51 in Q2 2026 versus USD 1.47 expected. Sonoco Products stock costs EUR 44.50 on October 20, 2026.

Target changes before results

Wells Fargo cut its Sonoco target to USD 53.00 on October 19, 2026.
Second-quarter earnings per share reached USD 1.51 against USD 1.47 expected, while revenue was USD 1.89 billion.
Sonoco Products stock trades at EUR 44.50 at 1:44 p.m. CEST at Lang & Schwarz on October 20, 2026.
Third-quarter results are scheduled for October 21, 2026, followed by the earnings call on October 22, 2026.

SON, US8354951027, Illustration mit AI erstellt.

Sonoco Products Company (ISIN US8354951027) stock was trading at EUR 44.50 at Lang & Schwarz on October 20, 2026, at 1:44 p.m. CEST. MarketBeat reported on October 19, 2026, that Wells Fargo cut its Sonoco target from USD 56.00 to USD 53.00 while keeping an equal-weight rating.

Target cut sets the tone

The Wells Fargo decision adds to a series of lower targets before Sonoco releases its third-quarter figures. The new USD 53.00 target remains above the October 19 NYSE last price of USD 49.80, while the rating stays neutral rather than turning bullish.

MarketBeat listed four Buy ratings and eight Hold ratings, with a consensus target of USD 58.89. Sonoco's market capitalization was USD 4.9 billion on October 19, 2026.

What do earnings need to show?

Sonoco reported second-quarter 2026 revenue of USD 1.89 billion and earnings per share of USD 1.51, versus USD 1.88 billion and USD 1.47 expected, respectively, according to MarketBeat. Revenue declined 1.3 percent year over year, making the next report important for judging whether earnings strength can offset softer sales.

Three recent signals

On July 22, 2026, Sonoco reported second-quarter earnings per share of USD 1.51. On October 12, 2026, Truist cut its target from USD 68.00 to USD 62.00 while keeping a Buy rating. On October 19, 2026, Wells Fargo lowered its target from USD 56.00 to USD 53.00.

Upcoming dates and price

Sonoco Products Company scheduled third-quarter 2026 results for October 21, 2026, after the market closes, followed by an earnings call on October 22, 2026, at 8:00 a.m. Eastern Time. The scheduled figures are USD 1.76 in consensus earnings per share and USD 2.08 billion in consensus revenue.

On the NYSE, SON was last at USD 49.80 on October 19, 2026, at 4:00 p.m. ET. The stock's 52-week range was USD 38.65 to USD 60.67 on that exchange date.

Lang & Schwarz price

Sonoco Products stock was trading at EUR 44.50 at Lang & Schwarz on October 20, 2026, at 1:44 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Sonoco Products stock.