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

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.