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Packaging Corp Of America Stock Price, Forecast & Analysis (NYSE:PKG)

$113.68
+0.01 (+0.01 %)
(As of 11/19/2019 04:00 PM ET)
Today's Range
$112.84
Now: $113.68
$113.83
50-Day Range
$101.81
MA: $109.09
$113.90
52-Week Range
$77.90
Now: $113.68
$114.78
Volume542,913 shs
Average Volume889,002 shs
Market Capitalization$10.76 billion
P/E Ratio14.16
Dividend Yield2.78%
Beta1.69
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various 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. Read More…

Industry, Sector and Symbol

Industry Paperboard containers & boxes
Sub-IndustryPaper Packaging
SectorIndustrial Products
CUSIP69515610
Phone847-482-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.01 billion
Cash Flow$12.60 per share
Book Value$28.28 per share

Profitability

Net Income$738 million

Miscellaneous

Employees15,000
Market Cap$10.76 billion
Next Earnings Date2/4/2020 (Estimated)
OptionableOptionable

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Packaging Corp Of America (NYSE:PKG) Frequently Asked Questions

What is Packaging Corp Of America's stock symbol?

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

How often does Packaging Corp Of America pay dividends? What is the dividend yield for Packaging Corp Of America?

Packaging Corp Of America announced a quarterly dividend on Wednesday, August 21st. Investors of record on Friday, September 13th will be given a dividend of $0.79 per share on Tuesday, October 15th. This represents a $3.16 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, September 12th. View Packaging Corp Of America's Dividend History.

How were Packaging Corp Of America's earnings last quarter?

Packaging Corp Of America (NYSE:PKG) released its quarterly earnings results on Wednesday, October, 23rd. The industrial products company reported $1.92 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.90 by $0.02. The industrial products company earned $1.75 billion during the quarter, compared to analyst estimates of $1.79 billion. Packaging Corp Of America had a return on equity of 26.92% and a net margin of 10.94%. The business's revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.23 EPS. View Packaging Corp Of America's Earnings History.

When is Packaging Corp Of America's next earnings date?

Packaging Corp Of America is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Packaging Corp Of America.

What guidance has Packaging Corp Of America issued on next quarter's earnings?

Packaging Corp Of America updated its fourth quarter earnings guidance on Wednesday, October, 23rd. The company provided earnings per share (EPS) guidance of ~$1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.80.

What price target have analysts set for PKG?

8 brokers have issued twelve-month target prices for Packaging Corp Of America's shares. Their forecasts range from $89.00 to $118.00. On average, they expect Packaging Corp Of America's share price to reach $104.13 in the next year. This suggests that the stock has a possible downside of 8.4%. View Analyst Price Targets for Packaging Corp Of America.

What is the consensus analysts' recommendation for Packaging Corp Of America?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Packaging Corp Of America in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Packaging Corp Of America.

What are Wall Street analysts saying about Packaging Corp Of America stock?

Here are some recent quotes from research analysts about Packaging Corp Of America stock:
  • 1. According to Zacks Investment Research, "Packaging Corp is poised to benefit from strong demand stemming from the booming ecommerce market that will lead to increase in box demand. In the June-end quarter, the company discontinued the production of uncoated free sheet and coated one-side grades at the Wallula mill. This move will help the company to improve margins in the paper segment. It maintains a balanced approach toward capital allocation in order to profitably grow the company as well as maximize returns for the shareholders. However, while seasonally higher containerboard, corrugated product shipments and lower effective tax rate will likely aid earnings, these gains will be offset by lower prices and higher converting costs. Also, higher freight and annual maintenance costs are likely to impair earnings. The company's earnings estimates for 2019 have been going down of late." (10/14/2019)
  • 2. KeyCorp analysts commented, "We are leaving our recently-reduced 2019 and 2020 estimates unchanged post-earnings, and remain Sector Weight given our concerns about global containerboard market conditions (prices are falling in all major markets). As just stated, we are maintaining our 2019 adj. EPS estimate of $8.19 (consensus is $8.27) and 2020 estimate of $8.25 (consensus is $8.03) following the slight 1Q beat and 2Q guide-below. In terms of PKG’s box demand trends, its 1Q shipments were up 0.7% (the industry was down 0.5%, by comparison) and its shipments in the 15 days of April were up a fairly similar 0.5%. The Company made the point that it’s not just U.S. containerboard exports that are affected by economic weakness in other markets; U.S. box shipments are affected as well, as many of its customers are global companies." (4/25/2019)

Has Packaging Corp Of America been receiving favorable news coverage?

News headlines about PKG stock have trended very negative this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Packaging Corp Of America earned a news impact score of -3.4 on InfoTrie's scale. They also assigned news headlines about the industrial products company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Packaging Corp Of America.

Are investors shorting Packaging Corp Of America?

Packaging Corp Of America saw a increase in short interest in the month of October. As of October 15th, there was short interest totalling 2,970,000 shares, an increase of 25.8% from the September 15th total of 2,360,000 shares. Based on an average daily trading volume, of 788,900 shares, the days-to-cover ratio is currently 3.8 days. Approximately 3.2% of the company's shares are sold short. View Packaging Corp Of America's Current Options Chain.

Who are some of Packaging Corp Of America's key competitors?

Some companies that are related to Packaging Corp Of America include Sonoco Products (SON), Sealed Air (SEE), Graphic Packaging (GPK), UFP Technologies (UFPT) and Rock-Tenn (RKT).

What other stocks do shareholders of Packaging Corp Of America own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Packaging Corp Of America investors own include Home Depot (HD), Intel (INTC), Johnson & Johnson (JNJ), Verizon Communications (VZ), AT&T (T), Boeing (BA), Alibaba Group (BABA), CVS Health (CVS), Ford Motor (F) and General Electric (GE).

Who are Packaging Corp Of America's key executives?

Packaging Corp Of America's management team includes the folowing people:
  • Mr. Mark W. Kowlzan, Chairman & CEO (Age 63)
  • Mr. Robert P. Mundy, Sr. VP & CFO (Age 57)
  • Mr. Kent A. Pflederer, Sr. VP, Gen. Counsel & Sec. (Age 48)
  • Mr. Thomas A. Hassfurther, Exec. VP of Corrugated Products (Age 63)
  • Mr. Charles J. Carter, Sr. VP of Containerboard Mill Operations (Age 59)

Who are Packaging Corp Of America's major shareholders?

Packaging Corp Of America's stock is owned by many different of retail and institutional investors. Top institutional investors include Maj Invest Holding A S (1.73%), Wedge Capital Management L L P NC (0.93%), Hamlin Capital Management LLC (0.47%), Sumitomo Mitsui Trust Holdings Inc. (0.44%), Alps Advisors Inc. (0.35%) and California Public Employees Retirement System (0.28%). Company insiders that own Packaging Corp Of America stock include Donald R Shirley, Jason Wayne Moreau, Paul T Stecko and Thomas WH Walton. View Institutional Ownership Trends for Packaging Corp Of America.

Which major investors are selling Packaging Corp Of America stock?

PKG stock was sold by a variety of institutional investors in the last quarter, including Icon Advisers Inc. Co., Alps Advisors Inc., Dupont Capital Management Corp, State of Tennessee Treasury Department, Mackay Shields LLC, W.E. Donoghue & Co. LLC, Hamlin Capital Management LLC and Envestnet Asset Management Inc.. Company insiders that have sold Packaging Corp Of America company stock in the last year include Donald R Shirley and Thomas WH Walton. View Insider Buying and Selling for Packaging Corp Of America.

Which major investors are buying Packaging Corp Of America stock?

PKG stock was bought by a variety of institutional investors in the last quarter, including Venturi Wealth Management LLC, State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Boston Trust Walden Corp, First Trust Advisors LP, Winmill & CO. Inc., Assenagon Asset Management S.A. and Rhumbline Advisers. View Insider Buying and Selling for Packaging Corp Of America.

How do I buy shares of Packaging Corp Of America?

Shares of PKG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Packaging Corp Of America's stock price today?

One share of PKG stock can currently be purchased for approximately $113.68.

How big of a company is Packaging Corp Of America?

Packaging Corp Of America has a market capitalization of $10.76 billion and generates $7.01 billion in revenue each year. The industrial products company earns $738 million in net income (profit) each year or $8.03 on an earnings per share basis. Packaging Corp Of America employs 15,000 workers across the globe.View Additional Information About Packaging Corp Of America.

What is Packaging Corp Of America's official website?

The official website for Packaging Corp Of America is http://www.packagingcorp.com/.

How can I contact Packaging Corp Of America?

Packaging Corp Of America's mailing address is 1 NORTH FIELD COURT, LAKE FOREST IL, 60045. The industrial products company can be reached via phone at 847-482-3000.


MarketBeat Community Rating for Packaging Corp Of America (NYSE PKG)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  448 (Vote Outperform)
Underperform Votes:  513 (Vote Underperform)
Total Votes:  961
MarketBeat's community ratings are surveys of what our community members think about Packaging Corp Of America and other stocks. Vote "Outperform" if you believe PKG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PKG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/19/2019 by MarketBeat.com Staff

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