Packaging Co. of America (NYSE:PKG) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Packaging Co. of America (NYSE:PKG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $222.17.

A number of research firms have recently issued reports on PKG. Wall Street Zen downgraded Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Truist Financial dropped their target price on Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Seaport Res Ptn upgraded shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. Wells Fargo & Company restated an "equal weight" rating and set a $180.00 target price (down from $205.00) on shares of Packaging Co. of America in a research report on Friday, May 9th. Finally, UBS Group began coverage on Packaging Co. of America in a research report on Wednesday, June 4th. They set a "neutral" rating and a $200.00 price objective on the stock.

Hedge Funds Weigh In On Packaging Co. of America

Several large investors have recently modified their holdings of PKG. Cim LLC boosted its stake in Packaging Co. of America by 0.8% during the first quarter. Cim LLC now owns 11,909 shares of the industrial products company's stock worth $2,358,000 after buying an additional 95 shares during the period. Inspire Investing LLC grew its position in shares of Packaging Co. of America by 38.6% during the 1st quarter. Inspire Investing LLC now owns 1,592 shares of the industrial products company's stock worth $315,000 after buying an additional 443 shares in the last quarter. Strs Ohio bought a new position in shares of Packaging Co. of America during the first quarter valued at approximately $10,124,000. Geneos Wealth Management Inc. boosted its position in Packaging Co. of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 57 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Packaging Co. of America by 100.0% during the 1st quarter. Intech Investment Management LLC now owns 14,205 shares of the industrial products company's stock worth $2,813,000 after acquiring an additional 7,102 shares in the last quarter. Institutional investors own 89.78% of the company's stock.

Packaging Co. of America Stock Up 0.1%

Shares of Packaging Co. of America stock traded up $0.18 on Monday, reaching $196.58. The company's stock had a trading volume of 811,390 shares, compared to its average volume of 921,712. Packaging Co. of America has a 52 week low of $172.71 and a 52 week high of $250.82. The firm's fifty day simple moving average is $188.27 and its two-hundred day simple moving average is $209.52. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $17.69 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 2.41 and a beta of 0.84.

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 (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.10. Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. The business had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.12 billion. Equities analysts anticipate that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, June 13th. This represents a $5.00 dividend on an annualized basis and a yield of 2.54%. Packaging Co. of America's dividend payout ratio (DPR) is presently 52.30%.

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.