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Best Packaging & Container Stocks to Buy Now (2023)

Top packaging & container stocks in 2023 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:

Myers Industries (NYSE:MYE) is the top packaging & container stock with a Zen Score of 62, which is 26 points higher than the packaging & container industry average of 36. It passed 22 out of 38 due diligence checks and has strong fundamentals. Myers Industries has seen its stock return 3.08% over the past year, overperforming other packaging & container stocks by 4 percentage points.

Karat Packaging (NASDAQ:KRT) is the second best packaging & container stock with a Zen Score of 56, which is 20 points higher than the packaging & container industry average of 36. It passed 22 out of 38 due diligence checks and has strong fundamentals. Karat Packaging has seen its stock return 31.85% over the past year, overperforming other packaging & container stocks by 33 percentage points.

Karat Packaging has an average 1 year price target of $28.00, an upside of 27.39% from Karat Packaging's current stock price of $21.98.

Karat Packaging stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Karat Packaging, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Crown Holdings (NYSE:CCK) is the third best packaging & container stock with a Zen Score of 51, which is 15 points higher than the packaging & container industry average of 36. It passed 19 out of 38 due diligence checks and has strong fundamentals. Crown Holdings has seen its stock lose -0.33% over the past year.

Crown Holdings has an average 1 year price target of $106.88, an upside of 18.26% from Crown Holdings's current stock price of $90.37.

Crown Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Crown Holdings, 50% have issued a Strong Buy rating, 12.5% have issued a Buy, 37.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 18 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 5.49%, which is 3 percentage points higher than the packaging & container industry average of 2.48%. 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 shown consistent growth over the last 10 years.

International Paper Co's dividend payout ratio of 61.7% indicates that its high dividend yield is sustainable for the long-term.

Sonoco Products Co (NYSE:SON) has an annual dividend yield of 3.65%, which is 1 percentage points higher than the packaging & container industry average of 2.48%. 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 40.2% indicates that its dividend yield is sustainable for the long-term.

Reynolds Consumer Products (NASDAQ:REYN) has an annual dividend yield of 3.53%, which is 1 percentage points higher than the packaging & container industry average of 2.48%.

Reynolds Consumer Products's dividend payout ratio of 80.7% indicates that its dividend yield is sustainable for the long-term.

Packaging & container stocks were down -0.19% in the last day, and up 0.61% over the last week.

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

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

International Paper Co (NYSE:IP) is the most undervalued packaging & container stock based on WallStreetZen's Valuation Score. International Paper Co has a valuation score of 71, which is 40 points higher than the packaging & container industry average of 31. It passed 5 out of 7 valuation due diligence checks.

International Paper Co's stock has dropped -3.19% in the past year. It has underperformed other stocks in the packaging & container industry by -2 percentage points.

Myers Industries (NYSE:MYE) is the second most undervalued packaging & container stock based on WallStreetZen's Valuation Score. Myers Industries has a valuation score of 71, which is 40 points higher than the packaging & container industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Myers Industries's stock has gained 3.08% in the past year. It has overperformed other stocks in the packaging & container industry by 4 percentage points.

Berry Global Group (NYSE:BERY) is the third most undervalued packaging & container stock based on WallStreetZen's Valuation Score. Berry Global Group has a valuation score of 71, which is 40 points higher than the packaging & container industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Berry Global Group's stock has gained 24.32% in the past year. It has overperformed other stocks in the packaging & container industry by 25 percentage points.