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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating 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.

5 Wall Street research analysts have issued 1-year target prices 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 $136.29 in the next twelve months. This suggests that the stock has a possible downside of 8.6%.
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 shares have increased by 16.5% and is now trading at $149.06.
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Packaging Co. of America saw a drop in short interest in August. As of August 15th, there was short interest totaling 2,020,000 shares, a drop of 22.6% from the July 31st total of 2,610,000 shares. Based on an average trading volume of 649,700 shares, the days-to-cover ratio is presently 3.1 days. Currently, 2.3% of the company's stock are sold short.
View Packaging Co. of America's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our PKG earnings forecast.

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".

Packaging Co. of America (NYSE:PKG) posted its quarterly earnings data on Tuesday, July, 25th. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.38. The industrial products company earned $1.95 billion during the quarter, compared to analyst estimates 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 business's revenue was down 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.23 earnings per share.
Read the conference call transcript.

Packaging Co. of America announced a quarterly dividend on Wednesday, September 13th. Investors of record on Monday, September 25th will be paid 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 3.35%. The ex-dividend date of this dividend is Friday, September 22nd.
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 (RSPM), Invesco S&P 500 Equal Weight Materials ETF (RTM), Leatherback Long/Short Alternative Yield ETF (LBAY), American CenturyFocused Large Cap Value ETF (FLV) and Invesco S&P 500 High Dividend Low Volatility ETF (SPHD).

Packaging Co. of America (NYSE:PKG) pays an annual dividend of $5.00 per share and currently has a dividend yield of 3.33%. 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 65.96% 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 updated its third quarter earnings guidance on Monday, July, 24th. The company provided earnings per share guidance of $1.88 for the period, compared to the consensus estimate of $1.94.

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (9.91%), State Street Corp (5.15%), Victory Capital Management Inc. (3.55%), Charles Schwab Investment Management Inc. (2.42%), Geode Capital Management LLC (2.30%) and Nordea Investment Management AB (1.98%). 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.
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One share of PKG stock can currently be purchased for approximately $149.06.

Packaging Co. of America (NYSE:PKG) has a market capitalization of $13.40 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.

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.