UBS Group Initiates Coverage on Packaging Co. of America (NYSE:PKG)

Equities research analysts at UBS Group initiated coverage on shares of Packaging Co. of America (NYSE:PKG - Get Free Report) in a research report issued on Wednesday, MarketBeat.com reports. The firm set a "neutral" rating and a $200.00 price target on the industrial products company's stock. UBS Group's price target indicates a potential upside of 2.80% from the stock's previous close.

A number of other equities analysts have also commented on PKG. Truist Financial reduced their price objective on Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $180.00 price objective (down from $205.00) on shares of Packaging Co. of America in a research note on Friday, May 9th. Wall Street Zen cut shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Sunday, April 6th. Finally, Seaport Res Ptn raised Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $222.17.

Packaging Co. of America Price Performance

Shares of PKG stock traded up $1.21 during trading hours on Wednesday, hitting $194.55. The company had a trading volume of 899,313 shares, compared to its average volume of 729,409. Packaging Co. of America has a 12 month low of $172.72 and a 12 month high of $250.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95. The firm's fifty day moving average is $188.40 and its 200 day moving average is $210.60. The firm has a market capitalization of $17.51 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.41 and a beta of 0.85.

Packaging Co. of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.10. Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.12 billion. On average, sell-side analysts predict that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Institutional Trading of Packaging Co. of America

Several hedge funds have recently added to or reduced their stakes in PKG. Jackson Creek Investment Advisors LLC bought a new position in Packaging Co. of America during the 4th quarter worth about $293,000. AlphaQuest LLC boosted its position in Packaging Co. of America by 25.3% during the 4th quarter. AlphaQuest LLC now owns 9,683 shares of the industrial products company's stock worth $2,180,000 after acquiring an additional 1,954 shares during the last quarter. Distillate Capital Partners LLC bought a new position in shares of Packaging Co. of America during the 4th quarter worth approximately $15,828,000. Strategic Financial Concepts LLC acquired a new stake in shares of Packaging Co. of America in the fourth quarter valued at approximately $6,966,000. Finally, Sciencast Management LP bought a new stake in shares of Packaging Co. of America in the fourth quarter worth $2,853,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Co. of America Company Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.