5 Best Packaging Stocks to Buy Now

Crown is a Pennsylvania-based company that makes beverage and food cans, aerosol containers, metal closures and specialty packing. In the third quarter, Crown posted an EPS of $1.96, beating the Street’s estimates by $0.37. Revenue in the period totaled $3.17 billion, which was also better than the forecasts. Crown shares on Jan. 4 reached their 52-week high. The company is benefitting from a rising demand of beverage cans. The company said in its third-quarter results that the demand in emerging markets like Mexico and Brazil is surging past expectations due to rising per capita income and beverage consumption.

Crown tops the list of 10 best packaging stocks to buy now as 47 hedge funds tracked by Insider Monkey held stakes in the company as of the end of the third quarter. Upslope Capital talked about CCK in their 2020 Q1 investor letter:

“We also added Crown Holdings (CCK), a global beverage/food can business that we’ve been both long and short in the past. The vast majority of CCK’s cash flows exhibit modest, non-cyclical growth; and, investors appear to be ignoring potential upside from the typically lackluster food can segment. But, a levered balance sheet has spooked investors.”

Please also see 15 Best Undervalued Stocks To Buy Now and Billionaire Louis Bacon’s Top 10 Picks

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