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The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Is NVIDIA Leading a "Magnificent Seven Bubble"? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Bank of Japan survey shows manufacturers optimistic about economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Facing increasing pressure from customers, some miners are switching to renewable energy
Grant program for Black women entrepreneurs blocked by federal appeals court
BREAKING: Tiny biotech successfully treats blindness (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
The UAE holds an annual oil and gas conference just ahead of hosting UN COP28 climate talks in Dubai
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Is NVIDIA Leading a "Magnificent Seven Bubble"? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Bank of Japan survey shows manufacturers optimistic about economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Facing increasing pressure from customers, some miners are switching to renewable energy
Grant program for Black women entrepreneurs blocked by federal appeals court
BREAKING: Tiny biotech successfully treats blindness (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
The UAE holds an annual oil and gas conference just ahead of hosting UN COP28 climate talks in Dubai
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Is NVIDIA Leading a "Magnificent Seven Bubble"? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Bank of Japan survey shows manufacturers optimistic about economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Facing increasing pressure from customers, some miners are switching to renewable energy
Grant program for Black women entrepreneurs blocked by federal appeals court
BREAKING: Tiny biotech successfully treats blindness (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
The UAE holds an annual oil and gas conference just ahead of hosting UN COP28 climate talks in Dubai

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

$153.55
-0.23 (-0.15%)
(As of 09/29/2023 08:53 PM ET)
Compare
Today's Range
$153.35
$155.03
50-Day Range
$138.67
$155.22
52-Week Range
$110.56
$158.66
Volume
485,500 shs
Average Volume
659,105 shs
Market Capitalization
$13.81 billion
P/E Ratio
16.23
Dividend Yield
3.26%
Price Target
$137.00

Packaging Co. of America MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10.8% Downside
$137.00 Price Target
Short Interest
Healthy
1.98% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.50
Upright™ Environmental Score
News Sentiment
1.05mentions 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
-6.37%
From $8.16 to $7.64 Per Share

Overall MarketRank

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

2.25 out of 5 stars

Industrial Products Sector

97th 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

BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
4 Packaging Stocks Poised to Counter Industry Challenges
Buy This Stock for AI Tidal Wave (not NVDA)
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.: 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
10/02/2023
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
$137.00
High Stock Price Forecast
$170.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
-10.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 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
$13.81 billion
Optionable
Optionable
Beta
0.91

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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?

6 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, 4 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 equities research analysts have issued 1 year price targets for Packaging Co. of America's shares. Their PKG share price forecasts range from $99.00 to $170.00. On average, they predict the company's share price to reach $137.00 in the next year. This suggests that the stock has a possible downside of 10.8%.
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 stock has increased by 20.0% and is now trading at $153.55.
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, 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) announced its quarterly earnings data on Tuesday, July, 25th. The industrial products company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.38. The industrial products company had revenue of $1.95 billion for 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%. The firm's quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.23 earnings per share.
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 Wednesday, September 13th. Investors 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 dividend on an annualized basis and a yield of 3.26%. 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 3.26%. 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 65.45% 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 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."

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 $153.55.

How much money does Packaging Co. of America make?

Packaging Co. of America (NYSE:PKG) has a market capitalization of $13.81 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 10/2/2023 by MarketBeat.com Staff

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