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Packaging Co. of America Stock Price, News & Analysis (NYSE:PKG)

$166.61
+1.32 (+0.80%)
(As of 10:09 AM ET)
Compare
Today's Range
$165.07
$166.64
50-Day Range
$144.40
$169.71
52-Week Range
$122.20
$171.61
Volume
50,852 shs
Average Volume
658,922 shs
Market Capitalization
$14.93 billion
P/E Ratio
19.17
Dividend Yield
3.00%
Price Target
$151.83

Packaging Co. of America MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
8.1% Downside
$151.83 Price Target
Short Interest
Healthy
1.86% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.50
Upright™ Environmental Score
News Sentiment
0.77mentions of Packaging Co. of America in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$2.10 M Sold Last Quarter
Proj. Earnings Growth
-5.87%
From $8.35 to $7.86 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Industrial Products Sector

116th out of 150 stocks

Paperboard Containers & Boxes Industry

4th out of 4 stocks


PKG stock logo

About Packaging Co. of America Stock (NYSE:PKG)

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.

PKG Stock Price History

PKG Stock News Headlines

Henry Ford Would NEVER Have Seen This Coming
In 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.
Packaging Corp. price target raised to $170 from $162 at BofA
Dow Finishes November at 2023 High
Analyst Expectations for Packaging Corp of America's Future
Henry Ford Would NEVER Have Seen This Coming
In 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.
Q3 2023 Packaging Corp of America Earnings Call
Packaging Corp. (PKG) Q3 Earnings Top Estimates
Packaging Corp.: Q3 Earnings Snapshot
See More Headlines
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Company Calendar

Ex-Dividend for 10/13 Dividend
9/22/2023
Dividend Payable
10/13/2023
Last Earnings
10/24/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/24/2024

Industry, Sector and Symbol

Industry
Paperboard containers & boxes
Sub-Industry
Paper Packaging
CUSIP
69515610
Employees
15,100
Year Founded
1959

Price Target and Rating

Average Stock Price Target
$151.83
High Stock Price Target
$173.00
Low Stock Price Target
$132.00
Potential Upside/Downside
-8.1%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
13.29%

Debt

Sales & Book Value

Annual Sales
$8.48 billion
Cash Flow
$15.77 per share
Book Value
$39.63 per share

Miscellaneous

Free Float
88,011,000
Market Cap
$14.81 billion
Optionable
Optionable
Beta
0.84

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PKG Stock Analysis - Frequently Asked Questions

Should I buy or sell Packaging Co. of America stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PKG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PKG, but not buy additional shares or sell existing shares.
View PKG analyst ratings
or view top-rated stocks.

What is Packaging Co. of America's stock price target for 2024?

5 Wall Street research analysts have issued twelve-month target prices for Packaging Co. of America's shares. Their PKG share price targets range from $132.00 to $173.00. On average, they expect the company's stock price to reach $151.83 in the next year. This suggests that the stock has a possible downside of 8.1%.
View analysts price targets for PKG
or view top-rated stocks among Wall Street analysts.

How have PKG shares performed in 2023?

Packaging Co. of America's stock was trading at $127.91 on January 1st, 2023. Since then, PKG shares have increased by 29.2% and is now trading at $165.29.
View the best growth stocks for 2023 here
.

Are investors shorting Packaging Co. of America?

Packaging Co. of America saw a drop in short interest in October. As of October 31st, there was short interest totaling 1,470,000 shares, a drop of 18.8% from the October 15th total of 1,810,000 shares. Based on an average daily volume of 527,700 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.7% of the shares of the stock are short sold.
View Packaging Co. of America's Short Interest
.

When is Packaging Co. of America's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our PKG earnings forecast
.

How were Packaging Co. of America's earnings last quarter?

Packaging Co. of America (NYSE:PKG) announced its quarterly earnings data on Tuesday, October, 24th. The industrial products company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.13. The industrial products company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.99 billion. Packaging Co. of America had a trailing twelve-month return on equity of 21.30% and a net margin of 10.04%. The company's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.83 EPS.
Read the conference call transcript
.

How often does Packaging Co. of America pay dividends? What is the dividend yield for Packaging Co. of America?

Packaging Co. of America declared a quarterly dividend on Wednesday, September 13th. Investors of record on Monday, September 25th will be paid a dividend of $1.25 per share on Friday, October 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, September 22nd.
Read our dividend analysis for PKG
.

Is Packaging Co. of America a good dividend stock?

Packaging Co. of America (NYSE:PKG) pays an annual dividend of $5.00 per share and currently has a dividend yield of 2.95%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 57.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PKG will have a dividend payout ratio of 63.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PKG.

What guidance has Packaging Co. of America issued on next quarter's earnings?

Packaging Co. of America issued an update on its fourth quarter earnings guidance on Tuesday, October, 24th. The company provided earnings per share guidance of $1.76 for the period, compared to the consensus estimate of $1.73.

What is Mark W. Kowlzan's approval rating as Packaging Co. of America's CEO?

114 employees have rated Packaging Co. of America Chief Executive Officer Mark W. Kowlzan on Glassdoor.com. Mark W. Kowlzan has an approval rating of 95% among the company's employees. This puts Mark W. Kowlzan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Packaging Co. of America own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Packaging Co. of America investors own include Home Depot (HD), Intel (INTC), Johnson & Johnson (JNJ), AT&T (T), Verizon Communications (VZ), Pfizer (PFE), Boeing (BA), NVIDIA (NVDA) and Bristol-Myers Squibb (BMY).

Who are Packaging Co. of America's major shareholders?

Packaging Co. of America's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include American Century Companies Inc. (3.65%), Victory Capital Management Inc. (3.44%), Charles Schwab Investment Management Inc. (2.44%), Nordea Investment Management AB (1.96%), Maj Invest Holding A S (1.79%) and Invesco Ltd. (1.57%). Insiders that own company stock include Bruce A Ridley, Charles J Carter, Donald R Shirley, Donna A Harman, Kent A Pflederer, Paul T Stecko, Robert Andrew Schneider, Robert P Mundy and Thomas A Hassfurther.
View institutional ownership trends
.

How do I buy shares of Packaging Co. of America?

Shares of PKG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Packaging Co. of America have any subsidiaries?
The following companies are subsidiares of Packaging Co. of America: Acorn Corrugated Box, B C T Incorporated, Boise, Boise White Paper LLC, Colorado Container, Columbus Container, Crockett Packaging, Dixie Container, Field Packaging Group, Hexacomb Canada Corporation, Hexacomb Canada Holdings Corporation, Hexacomb Corporation, International Falls Power Company, Louisiana Timber Procurement Company LLC, Minnesota Dakota & Western Railway Company, PCA Central California Corrugated LLC, PCA Hydro Inc., PCA International Inc., PCA International Services LLC, PCA Michigan Acquisition LLC, PCA Texas Acquisition LLC, Packaging Asset Holdings LLC, Packaging Corporation of America, Packaging Corporation of Asia Limited, Packaging Materials Co, Polywoven Distributors PA LLC, Sacramento Container Corp., Sunbelt Packaging Services, and TimBar Packaging & Display.
Read More
This page (NYSE:PKG) was last updated on 12/6/2023 by MarketBeat.com Staff

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