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NYSE:PKG

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

$145.69
+0.60 (+0.41%)
(As of 02/3/2023 11:20 AM ET)
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Compare
Today's Range
$144.41
$146.00
50-Day Range
$127.01
$145.09
52-Week Range
$110.56
$168.50
Volume
135,919 shs
Average Volume
756,797 shs
Market Capitalization
$13.48 billion
P/E Ratio
13.23
Dividend Yield
3.52%
Price Target
$134.33

Packaging Co. of America MarketRank™ Forecast

Analyst Rating
Hold
1.86 Rating Score
Upside/​Downside
7.4% Downside
$134.33 Price Target
Short Interest
Healthy
1.70% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.50
Upright™ Environmental Score
News Sentiment
0.46mentions of Packaging Co. of America in the last 14 days
Based on 27 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-0.88%
From $9.11 to $9.03 Per Share

Overall MarketRank

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

2.24 out of 5 stars

Industrial Products Sector

62nd out of 178 stocks

Paperboard Containers & Boxes Industry

3rd out of 4 stocks

PKG stock logo

About Packaging Co. of America (NYSE:PKG) Stock

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers. The Corporate and Other segment focuses on transportation assets, such as rail cars, and trucks. The company was founded in 1959 and is headquartered in Lake Forest, IL.

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PKG Stock News Headlines

Biotech Stock Alert
Read Small Pharma's depression clinical trial results.
Packaging Corp (PKG) Q4 Earnings Beat Estimates, Dip Y/Y
Elon Musk Claims Solar Will Soon Power the World
The world's wealthiest person -- Elon Musk -- is a visionary investor. And he fully expects solar power to be our #1 energy source within a few decades. Utility-scale solar is already becoming the cheapest option for electricity generation globally. So with the push toward clean, renewable energy, it's no wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Packaging Co. of America (PKG) to Release Earnings on Wednesday
Harpak-ULMA Announces 2-in-1 Automated Gravity Case Packer
See More Headlines
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PKG Company Calendar

Ex-Dividend for 1/13 Dividend
12/16/2022
Dividend Payable
1/13/2023
Last Earnings
1/26/2023
Today
2/03/2023
Next Earnings (Estimated)
4/24/2023
Fiscal Year End
12/31/2023

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
$134.33
High Stock Price Forecast
$176.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
-7.8%
Consensus Rating
Hold
Rating Score (0-4)
1.86
Research Coverage
7 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
16.10%

Debt

Sales & Book Value

Annual Sales
$8.48 billion
Cash Flow
$14.20 per share
Book Value
$37.97 per share

Miscellaneous

Free Float
91,053,000
Market Cap
$13.48 billion
Optionable
Optionable
Beta
0.88

Social Links


Key Executives

  • Mark W. Kowlzan
    Chairman & Chief Executive Officer
  • Robert P. MundyRobert P. Mundy
    Chief Financial Officer & Executive Vice President
  • Robert A. SchneiderRobert A. Schneider
    Chief Information Officer & Vice President
  • D. Ray Shirley
    SVP-Corporate Engineering & Process Technology
  • Kent A. Pflederer
    Secretary, Senior Vice President & General Counsel













PKG Stock - Frequently Asked Questions

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

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last year. There are currently 2 sell ratings, 4 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.

What is Packaging Co. of America's stock price forecast for 2023?

7 Wall Street research analysts have issued 12-month price targets for Packaging Co. of America's stock. Their PKG share price forecasts range from $99.00 to $176.00. On average, they predict the company's share price to reach $134.33 in the next twelve months. This suggests that the stock has a possible downside of 8.0%.
View analysts price targets for PKG
or view top-rated stocks among Wall Street analysts.

How have PKG shares performed in 2023?

Packaging Co. of America's stock was trading at $127.91 at the beginning of the year. Since then, PKG stock has increased by 14.1% and is now trading at $145.98.
View the best growth stocks for 2023 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 24th 2023.
View our PKG earnings forecast
.

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

Packaging Co. of America (NYSE:PKG) announced its quarterly earnings results on Thursday, January, 26th. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.24 by $0.11. The industrial products company earned $1.98 billion during the quarter, compared to analyst estimates of $2.05 billion. Packaging Co. of America had a net margin of 12.12% and a trailing twelve-month return on equity of 26.58%. Packaging Co. of America's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.76 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 Thursday, December 8th. Stockholders of record on Monday, December 19th will be given a dividend of $1.25 per share on Friday, January 13th. This represents a $5.00 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, December 16th.
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 3.52%. 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 45.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PKG will have a dividend payout ratio of 55.37% 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 updated its first quarter 2023 earnings guidance on Wednesday, January, 25th. The company provided earnings per share (EPS) guidance of $2.23-$2.23 for the period, compared to the consensus estimate of $2.39. 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).

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 variety of retail and institutional investors. Top institutional shareholders include Maj Invest Holding A S (1.82%), DekaBank Deutsche Girozentrale (0.36%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Boston Trust Walden Corp (0.31%), Fifth Third Bancorp (0.13%) and Foundry Partners LLC (0.12%). Insiders that own company 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
.

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 $145.98.

How much money does Packaging Co. of America make?

Packaging Co. of America (NYSE:PKG) has a market capitalization of $13.51 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 $11.01 on an earnings per share basis.

How many employees does Packaging Co. of America have?

The company 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
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 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.

This page (NYSE:PKG) was last updated on 2/3/2023 by MarketBeat.com Staff