10 Best Packaging Stocks to Buy According to Analysts

3. Sonoco Products Company (NYSE:SON)

Average Upside Potential: 19.00%

Number of Hedge Fund Holders: 32

Sonoco Products Company (NYSE:SON) is an integrated packaging company that helps define brand personalities. The firm was founded in 1899 and has served global customers for more than 124 years. Sonoco has over 300 facilities in 33 countries.

Sonoco operates as a global leader in high-value, sustainable packaging that serves some of the well-known brands across the world. The company’s portfolio is made up of leading products serving large, attractive end markets for consumer and industrial packaging. Additionally, Sonoco’s business remains highly diversified across offerings, substrate, customers, and geographies.

For the third quarter of 2024, Sonoco Products Company (NYSE:SON) reported GAAP net income of $51 million, adjusted EBITDA of $281 million, and diluted earnings per share of $0.51. The company was successful in generating productivity improvements of $39 million during the quarter. Consumer and Industrial volumes were also higher year-over-year. Additionally, SON  entered into an agreement to acquire Eviosys and is on track to complete the acquisition in 2024’s fourth quarter.

Therefore, Sonoco Products Company (NYSE:SON) is leading the way in innovative packaging solutions as the world’s leading sustainable packaging provider across metal and fiber-based products. The firm’s consumer-focused solutions, robust industrial capabilities, and century-long expertise enable it to remain competitive in the packaging industry.