NYSE:PKGPackaging Corp Of America Stock Price, Forecast & News

Packaging Corp Of America's stock was trading at $85.37 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PKG stock has increased by 19.1% and is now trading at $101.70. View which stocks have been most impacted by Coronavirus.

13 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Packaging Corp Of America.

Packaging Corp Of America is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Packaging Corp Of America.

Packaging Corp Of America (NYSE:PKG) posted its earnings results on Monday, April, 27th. The industrial products company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.28. The industrial products company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.67 billion. Packaging Corp Of America had a return on equity of 22.37% and a net margin of 9.39%. The firm's revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.98 EPS. View Packaging Corp Of America's earnings history.

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 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Friday, June 12th. View Packaging Corp Of America's dividend history.

13 brokerages have issued 1-year 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 stock price to reach $101.75 in the next year. This suggests a possible upside of 0.1% from the stock's current price. View analysts' price targets for Packaging Corp Of America.

Press coverage about PKG stock has trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Packaging Corp Of America earned a news sentiment score of -1.7 on InfoTrie's scale. They also gave news coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutPackaging Corp Of America.

Some companies that are related to Packaging Corp Of America include Emerson Electric (EMR), MURATA MFG CO L/ADR (MRAAY), KONE OYJ/ADR (KNYJY), Eaton (ETN), FANUC LTD JAPAN/ADR (FANUY), Cintas (CTAS), Mitsui & Co Ltd (MITSY), Rockwell Automation (ROK), Johnson Controls International (JCI), Parker-Hannifin (PH), Ball (BLL), ASSA ABLOY AB/S (ASAZY), Stanley Black & Decker (SWK), SANDVIK AB/ADR (SDVKY) and Komatsu (KMTUY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Packaging Corp Of America investors own include Home Depot (HD), Intel (INTC), Verizon Communications (VZ), AT&T (T), Johnson & Johnson (JNJ), Honeywell International (HON), Boeing (BA), NVIDIA (NVDA), Cisco Systems (CSCO) and Altria Group (MO).

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

Packaging Corp Of America's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.39%), Capital World Investors (5.04%), State Street Corp (4.24%), JPMorgan Chase & Co. (3.66%), Wells Fargo & Company MN (2.17%) and Wellington Management Group LLP (1.73%). Company insiders that own Packaging Corp Of America stock include Bruce A Ridley, Donald R Shirley, Paul T Stecko, Robert C Lyons and Thomas WH Walton. View institutional ownership trends for Packaging Corp Of America.

PKG stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, BlackRock Inc., Maj Invest Holding A S, Pictet Asset Management Ltd., Janus Henderson Group PLC, Morgan Stanley, Morgan Stanley, and Schroder Investment Management Group. Company insiders that have sold Packaging Corp Of America company stock in the last year include Bruce A Ridley, Donald R Shirley, and Thomas WH Walton. View insider buying and selling activity for Packaging Corp Of America.

PKG stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Eaton Vance Management, Capital World Investors, Balyasny Asset Management LLC, Victory Capital Management Inc., Capital Investment Advisors LLC, Swiss National Bank, and BOKF NA. View insider buying and selling activity for 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.

One share of PKG stock can currently be purchased for approximately $101.70.

Packaging Corp Of America has a market capitalization of $9.65 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.

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

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.