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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
What to Expect from the Markets in a Recession
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
What to Expect from the Markets in a Recession
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
What to Expect from the Markets in a Recession
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
NYSE:PKG

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

$135.22
-2.52 (-1.83%)
(As of 08/5/2022 08:49 PM ET)
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Compare
Today's Range
$133.79
$137.82
50-Day Range
$134.29
$162.30
52-Week Range
$124.78
$168.50
Volume
999,100 shs
Average Volume
695,481 shs
Market Capitalization
$12.67 billion
P/E Ratio
12.51
Dividend Yield
3.70%
Price Target
$158.14

Packaging Co. of America MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
17.0% Upside
$158.14 Price Target
Short Interest
Healthy
2.04% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.50
Upright™ Environmental Score
News Sentiment
-0.01mentions of Packaging Co. of America in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$2.21 M Sold Last Quarter
Proj. Earnings Growth
-2.17%
From $11.51 to $11.26 Per Share

Overall MarketRank

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

2.21 out of 5 stars

Industrial Products Sector

100th out of 210 stocks

Paperboard Containers & Boxes Industry

3rd out of 5 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.

Packaging Co. of America Price Performance

NYSE:PKG traded down $2.52 on Friday, reaching $135.22. The company had a trading volume of 999,171 shares, compared to its average volume of 695,041. The company has a quick ratio of 1.99, a current ratio of 2.96 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $12.67 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 2.35 and a beta of 0.77. The firm's 50 day moving average price is $143.12 and its 200 day moving average price is $149.44. Packaging Co. of America has a 12 month low of $124.78 and a 12 month high of $168.50.

Packaging Co. of America (NYSE:PKG - Get Rating) last announced its quarterly earnings results on Monday, July 25th. The industrial products company reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.38. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.14 billion. Packaging Co. of America had a net margin of 12.13% and a return on equity of 29.35%. Packaging Co. of America's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.17 EPS. As a group, equities analysts predict that Packaging Co. of America will post 11.51 earnings per share for the current year.

Packaging Co. of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Wednesday, June 15th were issued a $1.25 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This is an increase from Packaging Co. of America's previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.70%. Packaging Co. of America's payout ratio is 46.25%.

Analyst Ratings Changes

PKG has been the subject of a number of research analyst reports. Truist Financial cut their target price on shares of Packaging Co. of America to $175.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th. Citigroup lifted their price target on shares of Packaging Co. of America from $144.00 to $147.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 27th. Wells Fargo & Company dropped their price target on shares of Packaging Co. of America from $162.00 to $154.00 and set an "equal weight" rating on the stock in a research note on Monday, July 18th. Argus lifted their price target on shares of Packaging Co. of America from $160.00 to $176.00 in a research note on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Packaging Co. of America from $158.00 to $144.00 in a research note on Tuesday, July 19th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Packaging Co. of America has an average rating of "Hold" and an average price target of $158.14.

Insider Transactions at Packaging Co. of America

In other news, CFO Robert P. Mundy sold 13,800 shares of the business's stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $160.30, for a total value of $2,212,140.00. Following the sale, the chief financial officer now directly owns 38,799 shares in the company, valued at approximately $6,219,479.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Packaging Co. of America news, Director Donna A. Harman bought 500 shares of Packaging Co. of America stock in a transaction dated Wednesday, May 25th. The shares were purchased at an average cost of $153.21 per share, for a total transaction of $76,605.00. Following the acquisition, the director now directly owns 2,725 shares in the company, valued at approximately $417,497.25. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Robert P. Mundy sold 13,800 shares of the company's stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $160.30, for a total transaction of $2,212,140.00. Following the transaction, the chief financial officer now owns 38,799 shares in the company, valued at $6,219,479.70. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

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PKG Stock News Headlines

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PKG Company Calendar

Ex-Dividend for 7/15 Dividend
6/14/2022
Dividend Payable
7/15/2022
Last Earnings
7/25/2022
Today
8/07/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Paperboard containers & boxes
Sub-Industry
Paper Packaging
CUSIP
69515610
Employees
15,200
Year Founded
1959

Price Target and Rating

Average Stock Price Forecast
$158.14
High Stock Price Forecast
$176.00
Low Stock Price Forecast
$144.00
Forecasted Upside/Downside
+17.0%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$841.10 million
Pretax Margin
16.10%

Debt

Sales & Book Value

Annual Sales
$7.73 billion
Cash Flow
$13.85 per share
Book Value
$37.97 per share

Miscellaneous

Free Float
92,202,000
Market Cap
$12.67 billion
Optionable
Optionable
Beta
0.77

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PKG Stock - Frequently Asked Questions

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Packaging Co. of America stock. 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 analyst ratings for Packaging Co. of America
or view top-rated stocks.

What is Packaging Co. of America's stock price forecast for 2022?

7 Wall Street research analysts have issued 1 year price objectives for Packaging Co. of America's stock. Their PKG stock forecasts range from $144.00 to $176.00. On average, they expect Packaging Co. of America's share price to reach $158.14 in the next year. This suggests a possible upside of 17.0% from the stock's current price.
View analysts' price targets for Packaging Co. of America
or view top-rated stocks among Wall Street analysts.

How has Packaging Co. of America's stock price performed in 2022?

Packaging Co. of America's stock was trading at $136.15 at the beginning of 2022. Since then, PKG stock has decreased by 0.7% and is now trading at $135.22.
View the best growth stocks for 2022 here
.

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

Packaging Co. of America is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our earnings forecast for Packaging Co. of America
.

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

Packaging Co. of America (NYSE:PKG) posted its earnings results on Monday, July, 25th. The industrial products company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.38. The industrial products company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.14 billion. Packaging Co. of America had a net margin of 12.13% and a trailing twelve-month return on equity of 29.35%. The company's revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.17 EPS.
Read Packaging Co. of America's 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, May 18th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $1.25 per share on Friday, July 15th. This represents a $5.00 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Tuesday, June 14th. This is a positive change from Packaging Co. of America's previous quarterly dividend of $1.00.
View Packaging Co. of America's dividend history
.

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 3.70%. Packaging Co. of America does not yet have a strong track record of dividend growth. The dividend payout ratio of Packaging Co. of America is 46.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Packaging Co. of America will have a dividend payout ratio of 44.40% next year. This indicates that Packaging Co. of America will be able to sustain or increase its dividend.
View Packaging Co. of America's dividend history.

What guidance has Packaging Co. of America issued on next quarter's earnings?

Packaging Co. of America issued an update on its third quarter 2022 earnings guidance on Monday, August, 1st. The company provided earnings per share guidance of $2.80-$2.80 for the period, compared to the consensus EPS estimate of $3.13. 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 CEO Mark W. Kowlzan on Glassdoor.com. Mark W. Kowlzan has an approval rating of 95% among Packaging Co. of America'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), Honeywell International (HON), 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 number of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (3.27%), Maj Invest Holding A S (2.33%), DekaBank Deutsche Girozentrale (0.32%), Robeco Institutional Asset Management B.V. (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.31%) and Unigestion Holding SA (0.28%). Company insiders that own Packaging Co. of America stock include Bruce A Ridley, Charles J Carter, Donald R Shirley, Donna A Harman, Robert Andrew Schneider, Robert C Lyons, Robert P Mundy, Thomas A Hassfurther and Thomas WH Walton.
View institutional ownership trends for Packaging Co. of America
.

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 $135.22.

How much money does Packaging Co. of America make?

Packaging Co. of America (NYSE:PKG) has a market capitalization of $12.67 billion and generates $7.73 billion in revenue each year. The industrial products company earns $841.10 million in net income (profit) each year or $10.81 on an earnings per share basis.

How many employees does Packaging Co. of America have?

Packaging Co. of America employs 15,200 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

When was Packaging Co. of America founded?

Packaging Co. of America was founded in 1959.

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 Packaging Co. of America 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 8/8/2022 by MarketBeat.com Staff

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