10 Best Packaging Stocks to Buy According to Analysts

7. Silgan Holdings Inc. (NYSE:SLGN)

Average Upside Potential: 14.25%

Number of Hedge Fund Holders: 23

Silgan Holdings Inc. (NYSE:SLGN) is a leading global supplier of sustainable rigid packaging solutions for consumer goods products. Its primary product lines are dispensing and specialty closures, metal containers, and custom containers. The firm operates 107 manufacturing facilities on four continents, with over 14,400 employees. It was founded in 1987 by Phil Silver and Greg Horrigan.

Supported by its leading innovation and service model, the firm serves as the dispensing partner of choice to the most iconic global brands. Furthermore, Silgan has a history of growing through targeted acquisitions and has completed forty acquisitions to date thereby deepening its product offering and expanding its geographic reach.

The firm’s segments remain robust as reflected in the Q3 results. While the global dispensing business witnessed another consecutive quarter of double-digit growth in dispensing products, the Metal Containers business delivered high single-digit growth in pet food and extended its decades-long relationship with the firm’s largest Metal Containers customer. Furthermore, better market demand, strong operating performance, and the commercialization of new business awards benefitted the Custom Containers business.

Silgan Holdings Inc. (NYSE:SLGN) also completed the acquisition of Weener Packaging in the quarter, expanding the breadth and reach of its best-in-class global dispensing business. Given the momentum across the business, the firm anticipates significant earnings growth in 2025 and beyond. With an average upside potential of 14.25%, Silgan Holdings Inc. (NYSE:SLGN) is one of the best packaging stocks to buy according to analysts.