NYSE:PKGPackaging Corp Of America Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Packaging Corp Of America Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $101.11 +3.55 (+3.64 %) (As of 08/11/2020 12:18 PM ET) Add Compare Share Today's Range$99.65Now: $101.11▼$101.7450-Day Range$95.01MA: $99.25▼$104.7152-Week Range$71.05Now: $101.11▼$114.78Volume20,937 shsAverage Volume813,493 shsMarket Capitalization$9.59 billionP/E Ratio18.72Dividend Yield3.31%Beta1.21 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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. It also produces 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. Its Paper segment manufactures and sells white papers comprising commodity and specialty papers with various features, such as colors, coatings, high brightness, and recycled content. The white papers also consist of communication papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through the company's own sales personnel. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.Read More Beat the Market (BTM) Rank™ 2.1 Analyst's Opinion Consensus RatingPackaging Corp Of America has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 4 buy ratings, 8 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $102.45, Packaging Corp Of America has a potential upside of 0.9% from its current price of $101.50.Amount of Analyst CoveragePackaging Corp Of America has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.3 Community Rank Outperform VotesPackaging Corp Of America has received 479 “outperform” votes. (Add your “outperform” vote.)Underperform VotesPackaging Corp Of America has received 553 “underperform” votes. (Add your “underperform” vote.)Community SentimentPackaging Corp Of America has received 53.59% “underperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend YieldPackaging Corp Of America pays a meaningful dividend of 3.31%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthPackaging Corp Of America has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Packaging Corp Of America is 41.31%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Packaging Corp Of America will have a dividend payout ratio of 59.62% next year. This indicates that Packaging Corp Of America will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Packaging Corp Of America insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.60% of the stock of Packaging Corp Of America is held by insiders.Percentage Held by Institutions89.12% of the stock of Packaging Corp Of America is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Packaging Corp Of America are expected to grow by 2.12% in the coming year, from $5.19 to $5.30 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Packaging Corp Of America is 18.80, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.38.Price to Earnings Ratio vs. SectorThe P/E ratio of Packaging Corp Of America is 18.80, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.91.Price to Earnings Growth RatioPackaging Corp Of America has a PEG Ratio of 3.68. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioPackaging Corp Of America has a P/B Ratio of 3.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.1Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.82 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Paperboard containers & boxes Sub-IndustryPaper Packaging SectorIndustrial Products Current SymbolNYSE:PKG Previous Symbol CUSIP69515610 CIK75677 Webwww.packagingcorp.com Phone847-482-3000Debt Debt-to-Equity Ratio0.85 Current Ratio3.89 Quick Ratio2.67Price-To-Earnings Trailing P/E Ratio18.72 Forward P/E Ratio19.48 P/E Growth3.68 Sales & Book Value Annual Sales$6.96 billion Price / Sales1.38 Cash Flow$12.72 per share Price / Cash Flow7.95 Book Value$32.44 per share Price / Book3.12Profitability EPS (Most Recent Fiscal Year)$7.65 Net Income$696.40 million Net Margins7.65% Return on Equity19.99% Return on Assets8.53%Miscellaneous Employees15,500 Outstanding Shares94,830,000Market Cap$9.59 billion Next Earnings Date10/28/2020 (Estimated) OptionableOptionable $101.11 +3.55 (+3.64 %) (As of 08/11/2020 12:18 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive PKG News and Ratings via Email Sign-up to receive the latest news and ratings for PKG and its competitors with MarketBeat's FREE daily newsletter. Packaging Corp Of America (NYSE:PKG) Frequently Asked Questions How has Packaging Corp Of America's stock price been impacted by Coronavirus (COVID-19)? Packaging Corp Of America's stock was trading at $85.37 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PKG shares have increased by 18.4% and is now trading at $101.11. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Packaging Corp Of America? 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Packaging Corp Of America in the last year. There are currently 2 sell ratings, 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Packaging Corp Of America. When is Packaging Corp Of America's next earnings date? Packaging Corp Of America is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020. View our earnings forecast for Packaging Corp Of America. How were Packaging Corp Of America's earnings last quarter? Packaging Corp Of America (NYSE:PKG) posted its quarterly earnings data on Tuesday, July, 28th. The industrial products company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.27 by $0.11. The industrial products company earned $1.54 billion during the quarter, compared to analyst estimates of $1.62 billion. Packaging Corp Of America had a net margin of 7.65% and a return on equity of 19.99%. Packaging Corp Of America's quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.04 EPS. View Packaging Corp Of America's earnings history. How often does Packaging Corp Of America pay dividends? What is the dividend yield for Packaging Corp Of America? Packaging Corp Of America declared a quarterly dividend on Tuesday, May 5th. Investors of record on Monday, June 15th will be given a dividend of $0.79 per share on Wednesday, July 15th. This represents a $3.16 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, June 12th. View Packaging Corp Of America's dividend history. What price target have analysts set for PKG? 14 brokerages have issued 12-month price objectives for Packaging Corp Of America's shares. Their forecasts range from $79.00 to $118.00. On average, they anticipate Packaging Corp Of America's share price to reach $102.45 in the next year. This suggests a possible upside of 1.3% from the stock's current price. View analysts' price targets for Packaging Corp Of America. Has Packaging Corp Of America been receiving favorable news coverage? Headlines about PKG stock have been trending neutral this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Packaging Corp Of America earned a news sentiment score of 0.2 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about Packaging Corp Of America. Are investors shorting Packaging Corp Of America? Packaging Corp Of America saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 3,340,000 shares, a drop of 16.1% from the January 31st total of 3,980,000 shares. Based on an average daily volume of 792,600 shares, the days-to-cover ratio is presently 4.2 days. Approximately 3.6% of the company's stock are sold short. View Packaging Corp Of America's Short Interest. Who are some of Packaging Corp Of America's key competitors? Some companies that are related to Packaging Corp Of America include FANUC LTD JAPAN/ADR (FANUY), Cintas (CTAS), Johnson Controls International (JCI), Mitsui & Co Ltd (MITSY), Rockwell Automation (ROK), Stanley Black & Decker (SWK), Parker-Hannifin (PH), SANDVIK AB/ADR (SDVKY), Ball (BLL), ASSA ABLOY AB/S (ASAZY), Ferguson (FERGY), Techtronic Industries (TTNDY), W W Grainger (GWW), Komatsu (KMTUY) and Kubota (KUBTY). View all competitors. 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), AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), Pfizer (PFE), Bristol-Myers Squibb (BMY), Procter & Gamble (PG), Boeing (BA) and Honeywell International (HON). Who are Packaging Corp Of America's key executives? Packaging Corp Of America's management team includes the following 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) 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." Who are Packaging Corp Of America's major shareholders? Packaging Corp Of America's stock is owned by many different institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (2.01%), Wedge Capital Management L L P NC (0.98%), Principal Financial Group Inc. (0.91%), Sumitomo Mitsui Trust Holdings Inc. (0.47%), Swiss National Bank (0.39%) and Boston Trust Walden Corp (0.22%). Company insiders that own Packaging Corp Of America stock include Bruce A Ridley, Donald R Shirley, Robert C Lyons 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 UBS Group AG, Fifth Third Bancorp, Amalgamated Bank, Hennessy Advisors Inc., Cannell Peter B & Co. Inc., New York State Teachers Retirement System, Sumitomo Mitsui Trust Holdings Inc., and Gateway Investment Advisers LLC. View insider buying and selling activity for Packaging Corp Of America. Which major investors are buying Packaging Corp Of America stock? PKG stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Robeco Institutional Asset Management B.V., Wedge Capital Management L L P NC, State of Alaska Department of Revenue, DekaBank Deutsche Girozentrale, MERIAN GLOBAL INVESTORS UK Ltd, Decatur Capital Management Inc., and Strs Ohio. View insider buying and selling activity 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 $101.11. How big of a company is Packaging Corp Of America? Packaging Corp Of America has a market capitalization of $9.59 billion and generates $6.96 billion in revenue each year. The industrial products company earns $696.40 million in net income (profit) each year or $7.65 on an earnings per share basis. Packaging Corp Of America employs 15,500 workers across the globe. What is Packaging Corp Of America's official website? The official website for Packaging Corp Of America is 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. This page was last updated on 8/11/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
