S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
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Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
Laser breakthrough could send stock soaring 2,467% (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
Laser breakthrough could send stock soaring 2,467% (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
Laser breakthrough could send stock soaring 2,467% (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
NYSE:PKG

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

$171.54
+1.93 (+1.14%)
(As of 02/21/2024 ET)
Today's Range
$169.50
$171.65
50-Day Range
$161.37
$171.89
52-Week Range
$122.20
$176.96
Volume
687,427 shs
Average Volume
719,135 shs
Market Capitalization
$15.37 billion
P/E Ratio
20.23
Dividend Yield
2.91%
Price Target
$154.67

Packaging Co. of America MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
9.8% Downside
$154.67 Price Target
Short Interest
Healthy
1.78% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.50
Upright™ Environmental Score
News Sentiment
0.78mentions of Packaging Co. of America in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.12%
From $8.17 to $9.16 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.81 out of 5 stars

Industrial Products Sector

76th out of 176 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

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Karat Packaging Announces New Distribution Center in Arizona
Wegovy packing supplier Catalent lays off 300 workers
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The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Packaging Corp Looks Sturdy Enough for Further Gains
Q4 2023 Packaging Corp of America Earnings Call
PACKAGING CORPORATION OF AMERICA
See More Headlines
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Company Calendar

Ex-Dividend for 1/15 Dividend
12/15/2023
Dividend Payable
1/15/2024
Last Earnings
1/25/2024
Today
2/22/2024
Next Earnings (Estimated)
4/22/2024
Fiscal Year End
12/31/2024

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
$154.67
High Stock Price Target
$187.00
Low Stock Price Target
$132.00
Potential Upside/Downside
-9.8%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$765.20 million
Pretax Margin
13.00%

Debt

Sales & Book Value

Annual Sales
$7.80 billion
Cash Flow
$16.54 per share
Book Value
$39.63 per share

Miscellaneous

Free Float
88,011,000
Market Cap
$15.37 billion
Optionable
Optionable
Beta
0.76

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PKG Stock Analysis - Frequently Asked Questions

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last twelve months. There are currently 5 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.
View PKG analyst ratings
or view top-rated stocks.

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

6 analysts have issued 1-year price targets for Packaging Co. of America's shares. Their PKG share price targets range from $132.00 to $187.00. On average, they anticipate the company's share price to reach $154.67 in the next twelve months. This suggests that the stock has a possible downside of 9.8%.
View analysts price targets for PKG
or view top-rated stocks among Wall Street analysts.

How have PKG shares performed in 2024?

Packaging Co. of America's stock was trading at $162.91 at the beginning of 2024. Since then, PKG stock has increased by 5.3% and is now trading at $171.54.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 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 Thursday, January, 25th. The industrial products company reported $2.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.30. The industrial products company earned $1.94 billion during the quarter, compared to analysts' expectations of $1.90 billion. Packaging Co. of America had a trailing twelve-month return on equity of 20.47% and a net margin of 9.81%. Packaging Co. of America's revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.35 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 Thursday, December 7th. Stockholders of record on Monday, December 18th will be paid a dividend of $1.25 per share on Monday, January 15th. This represents a $5.00 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, December 15th.
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 dividend payout ratio is 58.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PKG will have a dividend payout ratio of 54.59% 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 first quarter 2024 earnings guidance on Thursday, January, 25th. The company provided earnings per share guidance of 1.540-1.540 for the period, compared to the consensus estimate of 1.800. The company issued revenue guidance of -.

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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.54%), Victory Capital Management Inc. (3.29%), FIL Ltd (2.47%), Charles Schwab Investment Management Inc. (2.44%), Nuveen Asset Management LLC (1.42%) and Maj Invest Holding A S (1.39%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 2/22/2024 by MarketBeat.com Staff