5 Best Packaging Stocks to Buy Now

Ball Corp. is a Colorado-based company known for its glass jars, lids, recyclable containers and packs. In November 2020, Morgan Stanley raised its price target on Ball Corporation to $110 from $87 with an Overweight rating following the company’s strong third-quarter results. In October 2020, the stock was upgraded by BMO to Outperform with a price target of $107. The firm said that it is “optimistic, even incredulous” on the company’s growth potential, especially in the beverage cans market.

Richard Chilton’s Chilton Investment Company is one of the 33 hedge funds tracked by Insider Monkey who held stakes in the company entering the fourth quarter. The fund owns 3,280,621 shares of the company, having a total worth of $272,685. Brown Advisory talked about BLL in their 2020 Q2 investor letter:

“Ball Corporation kept our grocery stores stocked while managing through the dramatic worldwide demand shifts from restaurant and bar consumption to in-home. While Brazil is a particularly challenged geography, and higher-margin specialty cans made way for more straight-forward production of 6-pack beverages, Ball was able to expand margins on flat sales relative to last year in the same quarter. We maintained our position.”