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

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.

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.

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.

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

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.

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.

ETFs with the largest weight of Packaging Co. of America (NYSE:PKG) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco MSCI Global Timber ETF (CUT), iShares Emergent Food and AgTech Multisector ETF (IVEG), Invesco S&P 500 Equal Weight Materials ETF (RTM), Leatherback Long/Short Alternative Yield ETF (LBAY), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) and Invesco High Yield Equity Dividend Achievers ETF (PEY).

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.

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 -.

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.

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).

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

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.

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.

One share of PKG stock can currently be purchased for approximately $132.11.

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.

The company employs 15,100 workers across the globe.

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.