10 Best Packaging Stocks to Buy According to Analysts

6. Crown Holdings, Inc. (NYSE:CCK)

Average Upside Potential: 16.83%

Number of Hedge Fund Holders: 48

Crown Holdings, Inc. (NYSE:CCK) is a leading supplier of beverage packaging, food packaging, aerosol packaging, metal closures, promotional packaging, and transit packaging products. The company was founded in 1892 and currently has operations in 39 countries employing over 25,000 people.

CCK ensures geographical diversity by serving customers in every region. The company is in a unique position to support customers in surging beverage cans markets in the Americas and Southeast Asia and historically strong geographies of Europe, the Middle East, and North Africa. Aluminum beverage cans which represent over 60% of the firm’s business are a sustainable packaging format experiencing historic levels of growth globally. Beverage remains CCK’s core competency focus driving a major portion of sales. In this regard, can volume growth is being driven by new products, with approximately 80% of new products in the US and Canada being introduced in cans.

During the third quarter, Crown Holdings, Inc. (NYSE:CCK) recorded net sales of $3,074 million, up from $3,069 million in the prior year quarter. Segment income was up 10% year-over-year. This was driven by improved results in global beverage operations, partially offset by the impact of lower volumes in Transit Packaging and the beverage can equipment business. Global beverage shipments improved 5% during the quarter. Brazil, Mexico, the United States, and Europe all witnessed increases of 5% or greater.

As a leading global diversified packaging company with a positive trajectory of key markets, Crown Holdings, Inc. (NYSE:CCK) is poised to grow. Furthermore, the firm’s diverse portfolio of global packaging businesses helps generate significant operating cash flow. As of Q2, the stock is held by 48 hedge funds.