Packaging Corp Of America Stock Forecast, Price & News

Packaging Corp Of America's stock was trading at $85.37 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PKG shares have increased by 37.4% and is now trading at $117.26.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Packaging Corp Of America in the last year. There are currently 2 sell ratings, 8 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Packaging Corp Of America is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
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Packaging Corp Of America will be holding an earnings conference call on Monday, October 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Packaging Corp Of America (NYSE:PKG) released its quarterly earnings data on Tuesday, July, 28th. The industrial products company reported $1.38 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.27 by $0.11. The industrial products company earned $1.54 billion during the quarter, compared to the consensus estimate of $1.62 billion. Packaging Corp Of America had a return on equity of 19.99% and a net margin of 7.65%. Packaging Corp Of America's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.04 earnings per share.
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Packaging Corp Of America announced a quarterly dividend on Tuesday, August 25th. Investors of record on Tuesday, September 15th will be given a dividend of $0.79 per share on Thursday, October 15th. This represents a $3.16 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Monday, September 14th.
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15 analysts have issued twelve-month price targets for Packaging Corp Of America's shares. Their forecasts range from $79.00 to $134.00. On average, they expect Packaging Corp Of America's stock price to reach $107.42 in the next twelve months. This suggests that the stock has a possible downside of 8.4%.
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Packaging Corp Of America saw a drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,910,000 shares, a drop of 23.9% from the September 15th total of 2,510,000 shares. Based on an average daily trading volume, of 722,600 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.1% of the company's stock are short sold.
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Some companies that are related to Packaging Corp Of America include Westrock (WRK), Sonoco Products (SON), Graphic Packaging (GPK), Greif (GEF.B) and Document Security Systems (DSS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Packaging Corp Of America investors own include Home Depot (HD), Intel (INTC), Johnson & Johnson (JNJ), AT&T (T), Verizon Communications (VZ), Pfizer (PFE), The Boeing (BA), Honeywell International (HON), NVIDIA (NVDA) and Bristol-Myers Squibb (BMY).

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

Packaging Corp Of America's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.85%), Boston Trust Walden Corp (0.22%), JLB & Associates Inc. (0.10%), Envestnet Asset Management Inc. (0.09%), Hennessy Advisors Inc. (0.09%) and State of Alaska Department of Revenue (0.08%). Company insiders that own Packaging Corp Of America stock include Bruce A Ridley, Donald R Shirley, Robert C Lyons and Thomas WH Walton.
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PKG stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Pacer Advisors Inc., Central Bank & Trust Co., Redpoint Investment Management Pty Ltd, State of Alaska Department of Revenue, Hennessy Advisors Inc., JLB & Associates Inc., and Taylor Cottrill Erickson & Associates Inc..
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PKG stock was acquired by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, CX Institutional, Carroll Financial Associates Inc., DNB Asset Management AS, Bangor Savings Bank, Strategic Investment Advisors MI, Brookstone Capital Management, and Diversified Trust Co.
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Shares of PKG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PKG stock can currently be purchased for approximately $117.26.

Packaging Corp Of America has a market capitalization of $11.12 billion and generates $6.96 billion in revenue each year. The industrial products company earns $696.40 million in net income (profit) each year or $7.65 on an earnings per share basis. Packaging Corp Of America employs 15,500 workers across the globe.

The official website for Packaging Corp Of America is www.packagingcorp.com.

Packaging Corp Of America's mailing address is 1 NORTH FIELD COURT, LAKE FOREST IL, 60045. The industrial products company can be reached via phone at 847-482-3000.