Sonoco Products Company (NYSE:SON) Sees Positive Outlook from Jefferies with a New Price Target

Core Insights - Jefferies has updated its price target for Sonoco Products Company to $60, indicating a potential upside of 48.66% from the current trading price of $40.36, despite a slight decrease from the previous target of $61 [1][6] Financial Performance - Sonoco reported net sales of $2.1 billion in Q3 2025, reflecting a significant year-over-year increase of 57.3%, driven by strategic acquisitions [2][6] - The company's GAAP net income rose to $122.9 million in Q3 2025, up from $50.9 million in Q3 2024, with diluted EPS increasing to $1.23, enhancing shareholder value [3] Strategic Moves - Sonoco's decision to divest its ThermoSafe business unit to Arsenal Capital Partners for up to $725 million is expected to strengthen its financial position, with proceeds aimed at debt repayment [4][6] - The current market capitalization of Sonoco is approximately $3.98 billion, with a trading volume of 2,015,368 shares, indicating its significant presence in the packaging industry [5]