Packaging Co. of America (NYSE:PKG) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Packaging Co. of America (NYSE:PKG - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $226.60.

Several brokerages have commented on PKG. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $180.00 price objective (down previously from $205.00) on shares of Packaging Co. of America in a research report on Friday, May 9th. Truist Financial lowered their target price on Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 13th. Finally, StockNews.com cut Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th.

Packaging Co. of America Stock Up 1.6%

NYSE PKG opened at $191.82 on Thursday. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. The stock has a market cap of $17.26 billion, a PE ratio of 21.48, a P/E/G ratio of 2.41 and a beta of 0.85. The stock's 50 day moving average is $189.82 and its 200 day moving average is $214.92. Packaging Co. of America has a 12 month low of $172.72 and a 12 month high of $250.82.

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

Packaging Co. of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, June 13th. This represents a $5.00 annualized dividend and a yield of 2.61%. Packaging Co. of America's dividend payout ratio (DPR) is 52.30%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Clearstead Trust LLC lifted its position in shares of Packaging Co. of America by 118.6% during the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after purchasing an additional 70 shares in the last quarter. TCTC Holdings LLC raised its stake in shares of Packaging Co. of America by 86.4% in the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 70 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in Packaging Co. of America in the first quarter valued at $39,000. Banque Cantonale Vaudoise acquired a new position in shares of Packaging Co. of America during the first quarter worth about $40,000. Finally, Manchester Capital Management LLC increased its stake in shares of Packaging Co. of America by 39.0% during the first quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock worth $40,000 after buying an additional 57 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.

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.

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