According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best packaging & container stocks to buy right now are:
1. Myers Industries (NYSE:MYE)
Myers Industries (NYSE:MYE) is the #1 top packaging & container stock out of 22 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Myers Industries (NYSE:MYE) is: Value: C, Growth: B, Momentum: B, Sentiment: B, Safety: B, Financials: B, and AI: B.
Myers Industries (NYSE:MYE) has a Due Diligence Score of 39, which is 4 points higher than the packaging & container industry average of 35.
MYE passed 14 out of 38 due diligence checks and has average fundamentals. Myers Industries has seen its stock return 58.47% over the past year, overperforming other packaging & container stocks by 62 percentage points.
Myers Industries has an average 1 year
price target of $26.00, an upside of 31.05% from Myers Industries's current stock price of $19.84.
Myers Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Myers Industries, 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.
2. Karat Packaging (NASDAQ:KRT)
Karat Packaging (NASDAQ:KRT) is the #2 top packaging & container stock out of 22 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Karat Packaging (NASDAQ:KRT) is: Value: B, Growth: C, Momentum: C, Sentiment: A, Safety: B, Financials: B, and AI: B.
Karat Packaging (NASDAQ:KRT) has a Due Diligence Score of 50, which is 15 points higher than the packaging & container industry average of 35.
KRT passed 19 out of 38 due diligence checks and has strong fundamentals. Karat Packaging has seen its stock lose -7.05% over the past year, underperforming other packaging & container stocks by -3 percentage points.
Karat Packaging has an average 1 year
price target of $22.00, a downside of -18.55% from Karat Packaging's current stock price of $27.01.
Karat Packaging stock has a consensus Sell recommendation according to Wall Street analysts. Of the 1 analyst covering Karat Packaging, 0% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 100% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Sonoco Products Co (NYSE:SON)
The Component Grade breakdown for Sonoco Products Co (NYSE:SON) is: Value: B, Growth: B, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.
Sonoco Products Co (NYSE:SON) has a Due Diligence Score of 51, which is 16 points higher than the packaging & container industry average of 35.
SON passed 19 out of 38 due diligence checks and has strong fundamentals. Sonoco Products Co has seen its stock return 5.94% over the past year, overperforming other packaging & container stocks by 10 percentage points.
Sonoco Products Co has an average 1 year
price target of $62.43, an upside of 23.21% from Sonoco Products Co's current stock price of $50.67.
Sonoco Products Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Sonoco Products Co, 57.14% have issued a Strong Buy rating, 0% have issued a Buy, 42.86% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.