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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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6 brokerages have issued 12 month price targets for Packaging Co. of America's stock. Their PKG share price forecasts range from $99.00 to $170.00. On average, they predict the company's stock price to reach $137.00 in the next year. This suggests that the stock has a possible downside of 11.0%.
View analysts price targets for PKG or view top-rated stocks among Wall Street analysts.

Packaging Co. of America's stock was trading at $127.91 at the start of the year. Since then, PKG shares have increased by 20.4% and is now trading at $153.98.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our PKG earnings forecast.

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".

Packaging Co. of America (NYSE:PKG) issued its earnings results on Tuesday, July, 25th. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $0.38. The industrial products company had revenue of $1.95 billion for the quarter, compared to analyst estimates 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%. The firm's revenue was down 12.7% compared to the same quarter last year. During the same period last year, the firm earned $3.23 earnings per share.
Read the conference call transcript.

Packaging Co. of America announced a quarterly dividend on Wednesday, September 13th. Stockholders 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 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, September 22nd.
Read our dividend analysis for PKG.

ETFs with the largest weight of Packaging Co. of America (NYSE:PKG) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco MSCI Global Timber ETF (CUT), iShares Emergent Food and AgTech Multisector ETF (IVEG), Invesco S&P 500 Equal Weight Materials ETF (RSPM), Invesco S&P 500 Equal Weight Materials ETF (RTM), Leatherback Long/Short Alternative Yield ETF (LBAY), American CenturyFocused Large Cap Value ETF (FLV) and Invesco S&P 500 High Dividend Low Volatility ETF (SPHD).

Packaging Co. of America (NYSE:PKG) pays an annual dividend of $5.00 per share and currently has a dividend yield of 3.29%. 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.

Packaging Co. of America updated its third quarter earnings guidance on Monday, July, 24th. The company provided EPS guidance of $1.88 for the period, compared to the consensus estimate of $1.94.

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.

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).

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

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.
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One share of PKG stock can currently be purchased for approximately $153.98.

Packaging Co. of America (NYSE:PKG) has a market capitalization of $13.85 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.

The company employs 15,100 workers across the globe.

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.