Optimistic Views on Sonoco (SON) Amid 2026 Volumetric Outlook

Sonoco Products (NYSE:SON) is one of the 8 best paper and plastic packaging stocks to buy according to hedge funds.

On February 2, Truist Financial analyst Michael Roxland reaffirmed his Buy rating on Sonoco Products (NYSE:SON). The analyst also raised the stock price target from $53 to $54.

Roxland’s rating is based on Truist Financial’s 2026 outlook for packaging volumes, which currently appears meager. However, certain sub-segments will enjoy volumetric expansion along with the successful execution of price hikes.

On February 3, Sonoco Products (NYSE:SON) made a major announcement regarding its integrated efforts towards more sustainable operations. It relates to the company’s virtual power purchase agreement (VPPA) with Engie SA, for Engie’s Big Sampson Wind Project. It is a contract worth 140 MW of electricity per year, which translates into roughly 83% of the company’s consumption for its U.S.-based operations during 2025.

Sonoco Products (NYSE:SON) is a manufacturer and distributor of sustainable fiber-based and recycled packaging products, focusing on both industrial and consumer packaging. It is the largest provider of tubes, cores, and composite cans in the world. Some of its other offerings include round & shaped rigid paper products, steel & plastic containers, metal membrane ends, paper-based protective packaging products, and uncoated recycled paperboards.

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Disclosure: None. This article is originally published at Insider Monkey.