10 Best Packaging Stocks to Buy According to Analysts

5. Avery Dennison Corporation (NYSE:AVY)

Average Upside Potential: 17.58%

Number of Hedge Fund Holders: 33

Avery Dennison Corporation (NYSE:AVY) is a leader in supporting retail brands through custom packaging and product labels. The firm has operations in more than 50 countries with approximately 35,000 employees. Avery Dennison Corporation operates through segments namely Solutions Group and Materials Group.

The firm leverages strong competitive advantages including a global scale, innovative materials science capabilities and process technology, proven Intelligent Labels capability, as well as operational and commercial excellence. Furthermore, it has broad exposure to diverse markets, with increasing portfolio strength.

Avery Dennison Corporation (NYSE:AVY) closed the third quarter with strong earnings growth,  driven by higher volume and productivity gains. The Materials Group saw its reported sales increase 3% to $1.5 billion while the Solutions Group witnessed reported sales increase 7% to $686 million.

With strong competitive advantages and a leading position in its businesses, Avery Dennison Corporation (NYSE:AVY) is in a good position to drive superior value creation for all its stakeholders.