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Best Packaging & Container Stocks to Buy Now (2024)

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

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

Avery Dennison (NYSE:AVY) is the top packaging & container stock with a Due Diligence Score of 58, which is 24 points higher than the packaging & container industry average of 34. It passed 22 out of 38 due diligence checks and has strong fundamentals. Avery Dennison has seen its stock return 4.84% over the past year, underperforming other packaging & container stocks by -9 percentage points.

Avery Dennison has an average 1 year price target of $245.51, an upside of 21.24% from Avery Dennison's current stock price of $202.50.

Avery Dennison stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Avery Dennison, 44.44% have issued a Strong Buy rating, 22.22% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Graphic Packaging Holding Co (NYSE:GPK) is the second best packaging & container stock with a Due Diligence Score of 54, which is 20 points higher than the packaging & container industry average of 34. It passed 20 out of 38 due diligence checks and has strong fundamentals. Graphic Packaging Holding Co has seen its stock return 28.39% over the past year, overperforming other packaging & container stocks by 14 percentage points.

Graphic Packaging Holding Co has an average 1 year price target of $31.53, an upside of 6.78% from Graphic Packaging Holding Co's current stock price of $29.53.

Graphic Packaging Holding Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Graphic Packaging Holding Co, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 16.67% have issued a Strong Sell.

Sonoco Products Co (NYSE:SON) is the third best packaging & container stock with a Due Diligence Score of 49, which is 15 points higher than the packaging & container industry average of 34. It passed 17 out of 38 due diligence checks and has strong fundamentals. Sonoco Products Co has seen its stock lose -5.81% over the past year, underperforming other packaging & container stocks by -20 percentage points.

Sonoco Products Co has an average 1 year price target of $59.00, an upside of 15.17% from Sonoco Products Co's current stock price of $51.23.

Sonoco Products Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Sonoco Products Co, 40% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 20% 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:

Berry Global Group (NYSE:BERY) has an annual dividend yield of 9.46%, which is 7 percentage points higher than the packaging & container industry average of 2.65%.

Berry Global Group's dividend payout ratio of 24.7% indicates that its high dividend yield is sustainable for the long-term.

Myers Industries (NYSE:MYE) has an annual dividend yield of 4.56%, which is 2 percentage points higher than the packaging & container industry average of 2.65%. Myers Industries's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Myers Industries's dividend has not shown consistent growth over the last 10 years.

Myers Industries's dividend payout ratio of 128.6% indicates that its high dividend yield might not be sustainable for the long-term.

Sonoco Products Co (NYSE:SON) has an annual dividend yield of 4.04%, which is 1 percentage points higher than the packaging & container industry average of 2.65%. 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 70.5% indicates that its high dividend yield is sustainable for the long-term.

Packaging & container stocks were down -0.59% in the last day, and down -2.54% 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:

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 57, which is 28 points higher than the packaging & container industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Sonoco Products Co's stock has dropped -5.81% in the past year. It has underperformed other stocks in the packaging & container industry by -20 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 57, which is 28 points higher than the packaging & container industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Myers Industries's stock has dropped -33.69% in the past year. It has underperformed other stocks in the packaging & container industry by -48 percentage points.

Trimas (NASDAQ:TRS) is the third most undervalued packaging & container stock based on WallStreetZen's Valuation Score. Trimas has a valuation score of 57, which is 28 points higher than the packaging & container industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Trimas's stock has gained 2.62% in the past year. It has underperformed other stocks in the packaging & container industry by -11 percentage points.