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High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
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After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
NYSE:PKG

Packaging Co. of America (PKG) Stock Forecast, Price & News

$149.06
+0.50 (+0.34%)
(As of 09/22/2023 ET)
Compare
Today's Range
$148.79
$150.56
50-Day Range
$133.99
$155.22
52-Week Range
$110.56
$158.66
Volume
366,183 shs
Average Volume
456,450 shs
Market Capitalization
$13.40 billion
P/E Ratio
15.76
Dividend Yield
3.35%
Price Target
$136.29

Packaging Co. of America MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.6% Downside
$136.29 Price Target
Short Interest
Healthy
2.08% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.50
Upright™ Environmental Score
News Sentiment
0.85mentions of Packaging Co. of America in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$9.02 M Sold Last Quarter
Proj. Earnings Growth
-6.38%
From $8.15 to $7.63 Per Share

Overall MarketRank

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

2.33 out of 5 stars

Industrial Products Sector

95th out of 175 stocks

Paperboard Containers & Boxes Industry

3rd out of 4 stocks


PKG stock logo

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

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 Price History

PKG Stock News Headlines

This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Packaging Corp.: Q2 Earnings Snapshot
US box shipments remain historically weak in Q2
See More Headlines
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PKG Company Calendar

Ex-Dividend for 7/14 Dividend
6/14/2023
Dividend Payable
7/14/2023
Last Earnings
7/25/2023
Ex-Dividend for 10/13 Dividend
9/22/2023
Today
9/24/2023
Dividend Payable
10/13/2023
Next Earnings (Confirmed)
10/23/2023
Fiscal Year End
12/31/2023

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 Forecast
$136.29
High Stock Price Forecast
$170.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
-8.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
14.25%

Debt

Sales & Book Value

Annual Sales
$8.48 billion
Cash Flow
$16.20 per share
Book Value
$39.63 per share

Miscellaneous

Free Float
88,476,000
Market Cap
$13.40 billion
Optionable
Optionable
Beta
0.91

Social Links

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Key Executives

  • Mr. Mark W. Kowlzan (Age 67)
    Chairman & CEO
    Comp: $4.98M
  • Mr. Robert P. MundyMr. Robert P. Mundy (Age 61)
    Exec. VP & CFO
    Comp: $2.42M
  • Mr. Thomas A. HassfurtherMr. Thomas A. Hassfurther (Age 67)
    Exec. VP of Corrugated Products
    Comp: $3.61M
  • Mr. Charles J. CarterMr. Charles J. Carter (Age 63)
    Exec. VP of Mill Operations
    Comp: $2.11M
  • Mr. Donald Ray ShirleyMr. Donald Ray Shirley (Age 51)
    Sr. VP of Corp. Engineering & Process Technology
    Comp: $1.47M
  • Mr. Bruce A. RidleyMr. Bruce A. Ridley (Age 67)
    Sr. VP of Environmental Health, Safety & Operational Services
  • Ms. Pamela A. Barnes (Age 58)
    Sr. VP of Fin., Controller & Principal Accounting Officer
  • Mr. Robert Andrew SchneiderMr. Robert Andrew Schneider (Age 57)
    Sr. VP & Chief Information Officer
  • Mr. Kent A. Pflederer (Age 52)
    Sr. VP, Gen. Counsel & Sec.
  • Prafulla D'Souza
    VP of Marketing & Communications Corrugated Products













PKG Stock - 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 year. There are currently 1 sell rating, 3 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 forecast for 2023?

5 analysts have issued 12 month price objectives for Packaging Co. of America's shares. Their PKG share price forecasts range from $99.00 to $170.00. On average, they expect the company's share price to reach $136.29 in the next year. This suggests that the stock has a possible downside of 8.6%.
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 16.5% and is now trading at $149.06.
View the best growth stocks for 2023 here
.

Are investors shorting Packaging Co. of America?

Packaging Co. of America saw a decline in short interest in the month of August. As of August 15th, there was short interest totaling 2,020,000 shares, a decline of 22.6% from the July 31st total of 2,610,000 shares. Based on an average daily volume of 649,700 shares, the short-interest ratio is presently 3.1 days. Currently, 2.3% of the company's 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 Monday, October 23rd 2023.
View our PKG earnings forecast
.

How can I listen to Packaging Co. of America's earnings call?

Packaging Co. of America will be holding an earnings conference call on Tuesday, October 24th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "2565561".

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

Packaging Co. of America (NYSE:PKG) posted its quarterly earnings results on Tuesday, July, 25th. The industrial products company reported $2.31 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $0.38. The industrial products company earned $1.95 billion during the quarter, compared to the consensus estimate of $1.99 billion. Packaging Co. of America had a net margin of 10.79% and a trailing twelve-month return on equity of 23.30%. Packaging Co. of America's revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.23 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 announced a quarterly dividend on Wednesday, September 13th. Stockholders of record on Monday, September 25th will be given a dividend of $1.25 per share on Friday, October 13th. This represents a $5.00 annualized dividend and a yield of 3.35%. The ex-dividend date 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 3.35%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 52.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PKG will have a dividend payout ratio of 65.53% 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 updated its third quarter earnings guidance on Monday, July, 24th. The company provided earnings per share (EPS) guidance of $1.88 for the period, compared to the consensus estimate of $1.94.

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).

What is Packaging Co. of America's stock symbol?

Packaging Co. of America trades on the New York Stock Exchange (NYSE) under the ticker symbol "PKG."

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

Packaging Co. of America's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.91%), State Street Corp (5.15%), Victory Capital Management Inc. (3.55%), Charles Schwab Investment Management Inc. (2.42%), Geode Capital Management LLC (2.30%) and Nordea Investment Management AB (1.98%). Insiders that own company stock include Bruce A Ridley, Charles J Carter, Donald R Shirley, Donna A Harman, Robert Andrew Schneider, Robert P Mundy, Thomas A Hassfurther and Thomas WH Walton.
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.

What is Packaging Co. of America's stock price today?

One share of PKG stock can currently be purchased for approximately $149.06.

How much money does Packaging Co. of America make?

Packaging Co. of America (NYSE:PKG) has a market capitalization of $13.40 billion and generates $8.48 billion in revenue each year. The industrial products company earns $1.03 billion in net income (profit) each year or $9.46 on an earnings per share basis.

How many employees does Packaging Co. of America have?

The company employs 15,100 workers across the globe.

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
How can I contact Packaging Co. of America?

Packaging Co. of America's mailing address is 1 NORTH FIELD COURT, LAKE FOREST IL, 60045. The official website for the company is www.packagingcorp.com. The industrial products company can be reached via phone at (847) 482-3000 or via fax at 847-482-4545.

This page (NYSE:PKG) was last updated on 9/24/2023 by MarketBeat.com Staff

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