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

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last year. There are currently 2 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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7 Wall Street research analysts have issued 12-month price targets for Packaging Co. of America's stock. Their PKG share price forecasts range from $99.00 to $176.00. On average, they predict the company's share price to reach $134.33 in the next twelve months. This suggests that the stock has a possible downside of 8.0%.
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Packaging Co. of America's stock was trading at $127.91 at the beginning of the year. Since then, PKG stock has increased by 14.1% and is now trading at $145.98.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
View our PKG earnings forecast.

Packaging Co. of America (NYSE:PKG) announced its quarterly earnings results on Thursday, January, 26th. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.24 by $0.11. The industrial products company earned $1.98 billion during the quarter, compared to analyst estimates of $2.05 billion. Packaging Co. of America had a net margin of 12.12% and a trailing twelve-month return on equity of 26.58%. Packaging Co. of America's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.76 earnings per share.
Read the conference call transcript.

Packaging Co. of America announced a quarterly dividend on Thursday, December 8th. Stockholders of record on Monday, December 19th will be given a dividend of $1.25 per share on Friday, January 13th. This represents a $5.00 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, December 16th.
Read our dividend analysis for PKG.

Packaging Co. of America (NYSE:PKG) pays an annual dividend of $5.00 per share and currently has a dividend yield of 3.52%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 45.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PKG will have a dividend payout ratio of 55.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PKG.

Packaging Co. of America updated its first quarter 2023 earnings guidance on Wednesday, January, 25th. The company provided earnings per share (EPS) guidance of $2.23-$2.23 for the period, compared to the consensus estimate of $2.39. The company issued revenue guidance of -.

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.

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).

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

Packaging Co. of America's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Maj Invest Holding A S (1.82%), DekaBank Deutsche Girozentrale (0.36%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Boston Trust Walden Corp (0.31%), Fifth Third Bancorp (0.13%) and Foundry Partners LLC (0.12%). 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.
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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.
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One share of PKG stock can currently be purchased for approximately $145.98.

Packaging Co. of America (NYSE:PKG) has a market capitalization of $13.51 billion and generates $8.48 billion in revenue each year. The industrial products company earns $1.03 billion in net income (profit) each year or $11.01 on an earnings per share basis.

The company employs 15,200 workers across the globe.

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.