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NYSE:PKG

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

$185.48
+5.29 (+2.94%)
(As of 03/4/2024 ET)
Today's Range
$182.31
$188.61
50-Day Range
$161.37
$185.48
52-Week Range
$122.20
$188.61
Volume
973,909 shs
Average Volume
715,263 shs
Market Capitalization
$16.62 billion
P/E Ratio
21.87
Dividend Yield
2.70%
Price Target
$154.67

Packaging Co. of America MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
10.9% Downside
$165.33 Price Target
Short Interest
Healthy
2.11% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.50
Upright™ Environmental Score
News Sentiment
0.68mentions of Packaging Co. of America in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$4.97 M Sold Last Quarter
Proj. Earnings Growth
12.24%
From $8.17 to $9.17 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.

3.63 out of 5 stars

Industrial Products Sector

70th out of 174 stocks

Paperboard Containers & Boxes Industry

3rd 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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Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Packaging Corp of America
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Karat Packaging Announces New Distribution Center in Arizona
Wegovy packing supplier Catalent lays off 300 workers
Packaging Corp Looks Sturdy Enough for Further Gains
Q4 2023 Packaging Corp of America Earnings Call
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
3/04/2024
Ex-Dividend for 4/15 Dividend
3/14/2024
Dividend Payable
4/15/2024
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
14,900
Year Founded
1959

Price Target and Rating

Average Stock Price Target
$165.33
High Stock Price Target
$202.00
Low Stock Price Target
$132.00
Potential Upside/Downside
-16.6%
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
$14.98 per share
Book Value
$44.60 per share

Miscellaneous

Free Float
88,011,000
Market Cap
$16.62 billion
Optionable
Optionable
Beta
0.77

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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 equities research analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

6 brokerages have issued twelve-month target prices for Packaging Co. of America's stock. Their PKG share price targets range from $132.00 to $202.00. On average, they anticipate the company's stock price to reach $165.33 in the next year. This suggests that the stock has a possible downside of 10.9%.
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 on January 1st, 2024. Since then, PKG stock has increased by 13.9% and is now trading at $185.48.
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) posted its quarterly earnings results on Thursday, January, 25th. The industrial products company reported $2.13 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 net margin of 9.81% and a trailing twelve-month return on equity of 20.25%. The business's revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business earned $2.35 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 announced a quarterly dividend on Wednesday, February 28th. Investors of record on Friday, March 15th will be paid a dividend of $1.25 per share on Monday, April 15th. This represents a $5.00 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, March 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 2.77%. 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 54.53% 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 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 earnings per share 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 institutional and retail 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 3/4/2024 by MarketBeat.com Staff