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NYSE:PKG

Packaging Co. of America Stock Forecast, Price & News

$138.64
-0.31 (-0.22%)
(As of 06/29/2022 12:09 PM ET)
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Compare
Today's Range
$137.97
$139.76
50-Day Range
$135.80
$166.97
52-Week Range
$124.78
$168.50
Volume
5,907 shs
Average Volume
691,958 shs
Market Capitalization
$12.99 billion
P/E Ratio
14.18
Dividend Yield
3.53%
Price Target
$161.86
30 days | 90 days | 365 days | Advanced Chart

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PKG Stock Forecast (MarketRank)

Overall MarketRank

2.96 out of 5 stars

Industrial Products Sector

45th out of 257 stocks

Paperboard Containers & Boxes Industry

3rd out of 5 stocks

Analyst Opinion: 2.1Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -
Packaging Co. of America logo

About Packaging Co. of America (NYSE:PKG)

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.

PKG Stock News Headlines

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Industry, Sector and Symbol

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

Company Calendar

Ex-Dividend for 4/15 Dividend
3/14/2022
Dividend Payable
4/15/2022
Last Earnings
4/25/2022
Ex-Dividend for 7/15 Dividend
6/14/2022
Today
6/29/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
7/25/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$161.86
High Stock Price Forecast
$182.00
Low Stock Price Forecast
$144.00
Forecasted Upside/Downside
+16.7%
Consensus Rating
Hold
Rating Score (0-4)
2.28571428571429
Research Coverage
7 Analysts

Profitability

Net Income
$841.10 million
Pretax Margin
15.25%

Debt

Sales & Book Value

Annual Sales
$7.73 billion
Cash Flow
$13.66 per share
Book Value
$37.97 per share

Miscellaneous

Free Float
92,202,000
Market Cap
$12.99 billion
Optionable
Optionable
Beta
0.76

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Packaging Co. of America Frequently Asked Questions

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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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 equities research analysts have issued 12-month price targets for Packaging Co. of America's stock. Their PKG stock forecasts range from $144.00 to $182.00. On average, they predict Packaging Co. of America's stock price to reach $161.86 in the next year. This suggests a possible upside of 16.8% 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 start of the year. Since then, PKG stock has increased by 1.8% and is now trading at $138.62.
View the best growth stocks for 2022 here
.

Are investors shorting Packaging Co. of America?

Packaging Co. of America saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,840,000 shares, an increase of 43.8% from the May 31st total of 1,280,000 shares. Based on an average daily volume of 631,000 shares, the short-interest ratio is currently 2.9 days. Approximately 2.0% of the company's stock are short sold.
View Packaging Co. of America's Short Interest
.

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, July 25th 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 quarterly earnings data on Monday, April, 25th. The industrial products company reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.19. The industrial products company earned $2.14 billion during the quarter, compared to the consensus estimate of $2.05 billion. Packaging Co. of America had a net margin of 11.50% and a trailing twelve-month return on equity of 27.11%. The company's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 earnings per share.
View Packaging Co. of America's earnings history
.

How often does Packaging Co. of America pay dividends? What is the dividend yield for Packaging Co. of America?

Packaging Co. of America declared 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 3.61%. The ex-dividend date is Tuesday, June 14th. This is an increase 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 3.53%. 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 51.12%. 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 40.88% 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 second quarter earnings guidance on Monday, April, 25th. The company provided EPS guidance of $2.83 for the period, compared to the consensus earnings per share estimate of $2.60.

Who are Packaging Co. of America's key executives?

Packaging Co. of America's management team includes the following people:

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), (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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.86%), BlackRock Inc. (8.72%), State Street Corp (4.57%), Bank of America Corp DE (4.50%), Victory Capital Management Inc. (3.76%) and Maj Invest Holding A S (2.36%). 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
.

Which major investors are selling Packaging Co. of America stock?

PKG stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Nordea Investment Management AB, American Century Companies Inc., Northern Trust Corp, Bank of New York Mellon Corp, TD Asset Management Inc., Hsbc Holdings PLC, and State Street Corp. Company insiders that have sold Packaging Co. of America company stock in the last two years include Bruce A Ridley, Charles J Carter, Donald R Shirley, Robert Andrew Schneider, Robert P Mundy, Thomas A Hassfurther, and Thomas WH Walton.
View insider buying and selling activity for Packaging Co. of America
or view top insider-selling stocks.

Which major investors are buying Packaging Co. of America stock?

PKG stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Bank of America Corp DE, Invesco Ltd., Goldman Sachs Group Inc., BlackRock Inc., Acadian Asset Management LLC, Renaissance Technologies LLC, and Vanguard Group Inc..
View insider buying and selling activity for Packaging Co. of America
or or view top insider-buying stocks.

How do I buy shares of Packaging Co. 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 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 $138.62.

How much money does Packaging Co. of America make?

Packaging Co. of America (NYSE:PKG) has a market capitalization of $12.99 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 $9.78 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 Corrugated and Display LLC, PCA Hydro Inc., PCA International Inc., PCA International Services LLC, PCA Texas Acquisition 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 6/29/2022 by MarketBeat.com Staff

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