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Best Packaging & Container Stocks to Buy Now (2024)

Top packaging & container stocks in 2024 ranked by overall Zen Score. See the best packaging & container stocks to buy now, according to analyst forecasts for the packaging & containers industry.

According to Zen Score, the 3 best packaging & container stocks to buy right now are:

Packaging Of America (NYSE:PKG) is the top packaging & container stock with a Zen Score of 52, which is 20 points higher than the packaging & container industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Packaging Of America has seen its stock return 47.94% over the past year, overperforming other packaging & container stocks by 23 percentage points.

Packaging Of America has an average 1 year price target of $193.33, an upside of 5.36% from Packaging Of America's current stock price of $183.49.

Packaging Of America stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Packaging Of America, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Avery Dennison (NYSE:AVY) is the second best packaging & container stock with a Zen Score of 49, which is 17 points higher than the packaging & container industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Avery Dennison has seen its stock return 41.25% over the past year, overperforming other packaging & container stocks by 17 percentage points.

Avery Dennison has an average 1 year price target of $232.50, an upside of 2.16% from Avery Dennison's current stock price of $227.59.

Avery Dennison stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Avery Dennison, 50% have issued a Strong Buy rating, 25% have issued a Buy, 12.5% have issued a hold, while 12.5% have issued a Sell rating, and 0% have issued a Strong Sell.

Ball (NYSE:BALL) is the third best packaging & container stock with a Zen Score of 49, which is 17 points higher than the packaging & container industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Ball has seen its stock return 35.71% over the past year, overperforming other packaging & container stocks by 11 percentage points.

Ball has an average 1 year price target of $69.08, a downside of -0.5% from Ball's current stock price of $69.43.

Ball stock has a consensus Hold recommendation according to Wall Street analysts. Of the 12 analysts covering Ball, 8.33% have issued a Strong Buy rating, 8.33% have issued a Buy, 66.67% have issued a hold, while 8.33% have issued a Sell rating, and 8.33% have issued a Strong Sell.

Out of 15 packaging & container stocks that have issued dividends in the past year, the 3 packaging & container stocks with the highest dividend yields are:

International Paper Co (NYSE:IP) has an annual dividend yield of 4.1%, which is 2 percentage points higher than the packaging & container industry average of 1.98%. International Paper Co's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. International Paper Co's dividend has not shown consistent growth over the last 10 years.

International Paper Co's dividend payout ratio of 377.6% indicates that its dividend yield might not be sustainable for the long-term.

Myers Industries (NYSE:MYE) has an annual dividend yield of 3.42%, which is 1 percentage points higher than the packaging & container industry average of 1.98%. Myers Industries's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Myers Industries's dividend has shown consistent growth over the last 10 years.

Myers Industries's dividend payout ratio of 50.5% indicates that its dividend yield is sustainable for the long-term.

Sonoco Products Co (NYSE:SON) has an annual dividend yield of 3.34%, which is 1 percentage points higher than the packaging & container industry average of 1.98%. Sonoco Products Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Sonoco Products Co's dividend has shown consistent growth over the last 10 years.

Sonoco Products Co's dividend payout ratio of 51.3% indicates that its dividend yield is sustainable for the long-term.

Packaging & container stocks were up 1.41% in the last day, and up 0.35% over the last week.

We couldn't find a catalyst for why packaging & container stocks are up.

Based on WallStreetZen's Valuation Score, the 3 most undervalued packaging & container stocks right now are:

Sonoco Products Co (NYSE:SON) is the most undervalued packaging & container stock based on WallStreetZen's Valuation Score. Sonoco Products Co has a valuation score of 71, which is 36 points higher than the packaging & container industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Sonoco Products Co's stock has gained 2.52% in the past year. It has underperformed other stocks in the packaging & container industry by -22 percentage points.

Berry Global Group (NYSE:BERY) is the second most undervalued packaging & container stock based on WallStreetZen's Valuation Score. Berry Global Group has a valuation score of 71, which is 36 points higher than the packaging & container industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Berry Global Group's stock has gained 4.67% in the past year. It has underperformed other stocks in the packaging & container industry by -20 percentage points.

Crown Holdings (NYSE:CCK) is the third most undervalued packaging & container stock based on WallStreetZen's Valuation Score. Crown Holdings has a valuation score of 57, which is 22 points higher than the packaging & container industry average of 35. It passed 4 out of 7 valuation due diligence checks.

Crown Holdings's stock has gained 10.44% in the past year. It has underperformed other stocks in the packaging & container industry by -14 percentage points.