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S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
NYSE:PKG

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

$132.85
+3.28 (+2.53%)
(As of 06/7/2023 ET)
Compare
Today's Range
$129.55
$133.13
50-Day Range
$124.03
$144.91
52-Week Range
$110.56
$162.93
Volume
500,274 shs
Average Volume
704,947 shs
Market Capitalization
$11.95 billion
P/E Ratio
12.75
Dividend Yield
3.76%
Price Target
$127.29

Packaging Co. of America MarketRank™ Forecast

Analyst Rating
Hold
1.83 Rating Score
Upside/​Downside
4.2% Downside
$127.29 Price Target
Short Interest
Healthy
3.04% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.50
Upright™ Environmental Score
News Sentiment
0.56mentions of Packaging Co. of America in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-2.71%
From $8.12 to $7.90 Per Share

Overall MarketRank

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

2.07 out of 5 stars

Industrial Products Sector

86th out of 165 stocks

Paperboard Containers & Boxes Industry

2nd out of 3 stocks


PKG stock logo

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

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers. The Corporate and Other segment focuses on transportation assets, such as rail cars, and trucks. The company was founded in 1959 and is headquartered in Lake Forest, IL.

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PKG Stock News Headlines

Skyworks Solutions: Another Crack in the Consumer Outlook (PKG)
Skyworks Solutions issued a tepid report that points to slowing in consumer discretionary spending foreshadowed by UPS and Packaging Corporation of America.
Avoid the upcoming bloodbath
By this time next year, millions of retirees are going to be so broke they'll struggle to keep the heat running, and may have to make hard decisions about which medications they can afford. It's all because of an upcoming government announcement that could make last year's record breaking 7% inflation look like nothing. Get the details that could keep your money safe here >>>
Avoid the upcoming bloodbath
By this time next year, millions of retirees are going to be so broke they'll struggle to keep the heat running, and may have to make hard decisions about which medications they can afford. It's all because of an upcoming government announcement that could make last year's record breaking 7% inflation look like nothing. Get the details that could keep your money safe here >>>
Packaging Co. of America (NYSE:PKG) PT Raised to $150.00
See More Headlines

PKG Price History

PKG Company Calendar

Ex-Dividend for 4/14 Dividend
3/14/2023
Dividend Payable
4/14/2023
Last Earnings
4/25/2023
Today
6/07/2023
Ex-Dividend for 7/14 Dividend
6/14/2023
Dividend Payable
7/14/2023
Next Earnings (Estimated)
7/24/2023
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
$127.29
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
-4.2%
Consensus Rating
Hold
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
15.36%

Debt

Sales & Book Value

Annual Sales
$8.48 billion
Cash Flow
$16.92 per share
Book Value
$39.63 per share

Miscellaneous

Free Float
88,313,000
Market Cap
$11.95 billion
Optionable
Optionable
Beta
0.88

Social Links


Key Executives

  • Mark W. Kowlzan
    Chairman & Chief Executive Officer
  • Robert P. MundyRobert P. Mundy
    Chief Financial Officer & Executive Vice President
  • Robert A. SchneiderRobert A. Schneider
    Chief Information Officer & Vice President
  • D. Ray Shirley
    SVP-Corporate Engineering & Process Technology
  • Kent A. Pflederer
    Secretary, Senior Vice President & General Counsel













PKG Stock - Frequently Asked Questions

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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last twelve months. There are currently 2 sell ratings, 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?

6 brokers have issued 1-year price targets for Packaging Co. of America's stock. Their PKG share price forecasts range from $99.00 to $150.00. On average, they expect the company's stock price to reach $127.29 in the next year. This suggests that the stock has a possible downside of 3.7%.
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 at the start of the year. Since then, PKG stock has increased by 3.3% and is now trading at $132.11.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our PKG earnings forecast
.

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

Packaging Co. of America (NYSE:PKG) issued its quarterly earnings data on Tuesday, April, 25th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.27 by $0.07. The industrial products company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.08 billion. Packaging Co. of America had a net margin of 11.61% and a trailing twelve-month return on equity of 25.59%. Packaging Co. of America's revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.72 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 Tuesday, May 2nd. Shareholders of record on Thursday, June 15th will be given a dividend of $1.25 per share on Friday, July 14th. This represents a $5.00 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Wednesday, June 14th.
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 3.93%. 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 47.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PKG will have a dividend payout ratio of 63.29% 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 second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $1.96-$1.96 for the period, compared to the consensus earnings per share estimate of $2.55. 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).

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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.06%), State Street Corp (5.12%), Bank of America Corp DE (4.98%), American Century Companies Inc. (3.97%), Victory Capital Management Inc. (3.60%) and Charles Schwab Investment Management Inc. (2.34%). 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 $132.11.

How much money does Packaging Co. of America make?

Packaging Co. of America (NYSE:PKG) has a market capitalization of $11.88 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 $10.42 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 6/8/2023 by MarketBeat.com Staff

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