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NYSE:PKG

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

$143.58
-0.91 (-0.63%)
(As of 08/18/2022 01:04 PM ET)
Add
Compare
Today's Range
$143.16
$144.07
50-Day Range
$134.29
$156.16
52-Week Range
$124.78
$168.50
Volume
9,520 shs
Average Volume
691,651 shs
Market Capitalization
$13.46 billion
P/E Ratio
13.28
Dividend Yield
3.43%
Price Target
$158.14

Packaging Co. of America MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
9.9% Upside
$158.14 Price Target
Short Interest
Healthy
2.17% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.50
Upright™ Environmental Score
News Sentiment
0.00mentions of Packaging Co. of America in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$2.21 M Sold Last Quarter
Proj. Earnings Growth
-2.17%
From $11.51 to $11.26 Per Share

Overall MarketRank

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

1.77 out of 5 stars

Industrial Products Sector

152nd out of 188 stocks

Paperboard Containers & Boxes Industry

4th out of 4 stocks

PKG stock logo

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

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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PKG shares. Wells Fargo & Company lowered their price target on Packaging Co. of America from $162.00 to $154.00 and set an "equal weight" rating on the stock in a research report on Monday, July 18th. Deutsche Bank Aktiengesellschaft decreased their target price on Packaging Co. of America from $158.00 to $144.00 in a report on Tuesday, July 19th. Citigroup lifted their target price on Packaging Co. of America from $144.00 to $147.00 and gave the stock a "neutral" rating in a report on Wednesday, July 27th. Argus lifted their target price on Packaging Co. of America from $160.00 to $176.00 in a report on Friday, April 29th. Finally, Truist Financial decreased their target price on Packaging Co. of America to $175.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $158.14.

Packaging Co. of America Stock Down 0.9 %

Shares of PKG Stock traded down $1.27 on Wednesday, reaching $144.49. 407,762 shares of the company's stock traded hands, compared to its average volume of 683,795. Packaging Co. of America has a 12-month low of $124.78 and a 12-month high of $168.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.09 and a current ratio of 3.07. The company has a market capitalization of $13.54 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 2.49 and a beta of 0.77. The business's 50 day moving average price is $140.35 and its two-hundred day moving average price is $149.61.

Packaging Co. of America (NYSE:PKG - Get Rating) last issued its quarterly earnings results on Monday, July 25th. The industrial products company reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.38. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.14 billion. Packaging Co. of America had a return on equity of 28.76% and a net margin of 12.13%. Packaging Co. of America's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.17 earnings per share. On average, equities analysts forecast that Packaging Co. of America will post 11.51 earnings per share for the current year.

Insider Activity at Packaging Co. of America

In related news, CFO Robert P. Mundy sold 13,800 shares of Packaging Co. of America stock in a transaction on Monday, June 6th. The stock was sold at an average price of $160.30, for a total transaction of $2,212,140.00. Following the completion of the sale, the chief financial officer now owns 38,799 shares of the company's stock, valued at $6,219,479.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Robert P. Mundy sold 13,800 shares of Packaging Co. of America stock in a transaction on Monday, June 6th. The stock was sold at an average price of $160.30, for a total transaction of $2,212,140.00. Following the completion of the sale, the chief financial officer now owns 38,799 shares of the company's stock, valued at $6,219,479.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Donna A. Harman acquired 500 shares of Packaging Co. of America stock in a transaction that occurred on Wednesday, May 25th. The shares were purchased at an average cost of $153.21 per share, with a total value of $76,605.00. Following the transaction, the director now owns 2,725 shares of the company's stock, valued at approximately $417,497.25. The disclosure for this purchase can be found here. Insiders own 1.60% of the company's stock.

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PKG Stock News Headlines

4 Analysts Have This to Say About Packaging Corp of America
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PKG Company Calendar

Ex-Dividend for 7/15 Dividend
6/14/2022
Dividend Payable
7/15/2022
Last Earnings
7/25/2022
Today
8/18/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

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
$158.14
High Stock Price Forecast
$176.00
Low Stock Price Forecast
$144.00
Forecasted Upside/Downside
+10.1%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$841.10 million
Pretax Margin
16.10%

Debt

Sales & Book Value

Annual Sales
$7.73 billion
Cash Flow
$13.65 per share
Book Value
$42.29 per share

Miscellaneous

Free Float
92,240,000
Market Cap
$13.46 billion
Optionable
Optionable
Beta
0.77

Social Links















PKG Stock - 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 year. 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" 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 2022?

7 brokers have issued twelve-month price objectives for Packaging Co. of America's stock. Their PKG share price forecasts range from $144.00 to $176.00. On average, they predict the company's stock price to reach $158.14 in the next twelve months. This suggests a possible upside of 9.4% from the stock's current price.
View analysts price targets for PKG
or view top-rated stocks among Wall Street analysts.

How have PKG shares performed in 2022?

Packaging Co. of America's stock was trading at $136.15 at the beginning of 2022. Since then, PKG stock has increased by 6.1% and is now trading at $144.49.
View the best growth stocks for 2022 here
.

When is Packaging Co. of America's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our PKG earnings forecast
.

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

Packaging Co. of America (NYSE:PKG) released its earnings results on Monday, July, 25th. The industrial products company reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.38. The industrial products company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.14 billion. Packaging Co. of America had a trailing twelve-month return on equity of 28.76% and a net margin of 12.13%. Packaging Co. of America's quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.17 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 Wednesday, May 18th. Investors of record on Wednesday, June 15th will be given a dividend of $1.25 per share on Friday, July 15th. This represents a $5.00 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Tuesday, June 14th. This is an increase from the stock's previous quarterly dividend of $1.00.
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 3.43%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 46.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PKG will have a dividend payout ratio of 44.40% 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 third quarter 2022 earnings guidance on Monday, August, 1st. The company provided earnings per share guidance of $2.80-$2.80 for the period, compared to the consensus EPS estimate of $3.13. 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 many different institutional and retail investors. Top institutional investors include State Street Corp (4.46%), Price T Rowe Associates Inc. MD (3.96%), JPMorgan Chase & Co. (3.73%), Victory Capital Management Inc. (3.27%), Maj Invest Holding A S (2.33%) and Nordea Investment Management AB (2.02%). 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 $144.49.

How much money does Packaging Co. of America make?

Packaging Co. of America (NYSE:PKG) has a market capitalization of $13.54 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 $10.81 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
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 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 8/18/2022 by MarketBeat.com Staff

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