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NYSE:PKG

Packaging Corp Of America Stock Forecast, Price & News

$111.16
+1.72 (+1.57 %)
(As of 09/28/2020 04:01 PM ET)
Add
Compare
Today's Range
$108.67
Now: $111.16
$111.68
50-Day Range
$95.01
MA: $102.71
$113.14
52-Week Range
$71.05
Now: $111.16
$114.78
Volume40,882 shs
Average Volume863,880 shs
Market Capitalization$10.54 billion
P/E Ratio20.59
Dividend Yield2.89%
Beta1.2
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.
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Packaging Corp Of America logo

Beat the Market (BTM) Rank

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

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.96 billion
Cash Flow$12.76 per share
Book Value$32.44 per share

Profitability

Net Income$696.40 million

Miscellaneous

Employees15,500
Market Cap$10.54 billion
Next Earnings Date10/26/2020 (Confirmed)
OptionableOptionable
$111.16
+1.72 (+1.57 %)
(As of 09/28/2020 04:01 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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

How has Packaging Corp Of America's stock been impacted by COVID-19?

Packaging Corp Of America's stock was trading at $85.37 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PKG shares have increased by 30.2% and is now trading at $111.16.
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 Monday, October 26th 2020.
View our earnings forecast for Packaging Corp Of America
.

How can I listen to Packaging Corp Of America's earnings call?

Packaging Corp Of America will be holding an earnings conference call on Monday, October 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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 had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.62 billion. Packaging Corp Of America had a return on equity of 19.99% and a net margin of 7.65%. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the previous year, the business 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, August 25th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.79 per share on Thursday, October 15th. This represents a $3.16 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Monday, September 14th.
View Packaging Corp Of America's dividend history
.

What price target have analysts set for PKG?

14 brokerages have issued 12-month price targets 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 $105.00 in the next twelve months. This suggests that the stock has a possible downside of 5.5%.
View analysts' price targets for Packaging Corp Of America
.

Are investors shorting Packaging Corp Of America?

Packaging Corp Of America saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,300,000 shares, an increase of 23.0% from the August 15th total of 1,870,000 shares. Based on an average daily trading volume, of 772,900 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.5% of the company's shares 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 Westrock (WRK), Sonoco Products (SON), Graphic Packaging (GPK), Greif (GEF.B) and Document Security Systems (DSS).
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), Johnson & Johnson (JNJ), AT&T (T), Verizon Communications (VZ), Pfizer (PFE), Boeing (BA), NVIDIA (NVDA), Bristol-Myers Squibb (BMY) 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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.60%), Bank of America Corp DE (5.39%), Victory Capital Management Inc. (2.01%), Nuveen Asset Management LLC (1.55%), Bank of New York Mellon Corp (1.11%) and Goldman Sachs Group Inc. (1.07%). 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 Charles Schwab Investment Management Inc., Glenmede Trust Co. NA, FMR LLC, Vanguard Group Inc., Goldman Sachs Group Inc., Bank of America Corp DE, Barclays PLC, and Cibc World Markets Corp.
View insider buying and selling activity 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 Victory Capital Management Inc., Robeco Institutional Asset Management B.V., Wedge Capital Management L L P NC, Bank of New York Mellon Corp, AJO LP, Cubist Systematic Strategies LLC, State of Alaska Department of Revenue, and APG Asset Management N.V..
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 $111.16.

How big of a company is Packaging Corp Of America?

Packaging Corp Of America has a market capitalization of $10.54 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 9/28/2020 by MarketBeat.com Staff

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