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

$102.54
+1.13 (+1.11 %)
(As of 06/1/2020 01:13 PM ET)
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Compare
Today's Range
$101.41
Now: $102.54
$102.66
50-Day Range
$85.18
MA: $92.15
$102.46
52-Week Range
$71.05
Now: $102.54
$114.78
Volume9,527 shs
Average Volume631,330 shs
Market Capitalization$9.72 billion
P/E Ratio14.97
Dividend Yield3.12%
Beta1.28
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: 2.0Community Rank: 2.3Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.15 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.96 billion
Cash Flow$12.13 per share
Book Value$32.44 per share

Profitability

Net Income$696.40 million

Miscellaneous

Employees15,500
Market Cap$9.72 billion
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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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 (Coronavirus)?

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 20.1% and is now trading at $102.54. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Packaging Corp Of America?

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.

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, July 22nd 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 results on Monday, April, 27th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.28. The industrial products company earned $1.71 billion during the quarter, compared to the consensus estimate of $1.67 billion. Packaging Corp Of America had a net margin of 9.39% and a return on equity of 22.37%. The company's revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.98 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. Stockholders of record on Monday, June 15th will be paid a dividend of $0.79 per share on Wednesday, July 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, June 12th. View Packaging Corp Of America's dividend history.

What price target have analysts set for PKG?

13 equities research analysts have issued 12 month target prices for Packaging Corp Of America's stock. Their forecasts range from $79.00 to $118.00. On average, they expect Packaging Corp Of America's stock price to reach $101.75 in the next twelve months. This suggests that the stock has a possible downside of 0.8%. View analysts' price targets for Packaging Corp Of America.

Has Packaging Corp Of America been receiving favorable news coverage?

Media stories about PKG stock have trended somewhat positive recently, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Packaging Corp Of America earned a news sentiment score of 1.0 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutPackaging Corp Of America.

Who are some of Packaging Corp Of America's key 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), Verizon Communications (VZ), AT&T (T), Johnson & Johnson (JNJ), Honeywell International (HON), Boeing (BA), NVIDIA (NVDA), Cisco Systems (CSCO) and Altria Group (MO).

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 investors 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.

Which institutional investors are selling Packaging Corp Of America stock?

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.

Which institutional investors are buying Packaging Corp Of America stock?

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.

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 $102.54.

How big of a company is Packaging Corp Of America?

Packaging Corp Of America has a market capitalization of $9.72 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 6/1/2020 by MarketBeat.com Staff

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