NYSE:PKG

Packaging Co. of America Stock Forecast, Price & News

$142.39

-1.24 (-0.86 %)

(As of 09/28/2021 02:42 PM ET)

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Today's Range

$142.15

▼

$144.32

50-Day Range

$131.52

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$153.94

52-Week Range

$106.08

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$156.54

Volume11,638 shs

Average Volume604,164 shs

Market Capitalization$13.53 billion

P/E Ratio21.32

Dividend Yield2.82%

Beta0.89

30 days | 90 days | 365 days | Advanced Chart

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About Packaging Co. of America

Packaging Corp. of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers. The Corporate and Other segment focuses on transportation assets, such as rail cars, and trucks. The company was founded in 1959 and is headquartered in Lake Forest, IL.

Packaging Co. of America (NYSE:PKG) PT Raised to $125.00
September 28, 2021 | americanbankingnews.com

A $261.1 Billion Global Opportunity for Flexible Packaging by 2026 - New Research from StrategyR
September 21, 2021 | finance.yahoo.com

Harpak-ULMA Joins FANUC America’s Authorized System Integrator Network - Plans to Showcase Robotic Automation in Customer Experience Centers
September 21, 2021 | finance.yahoo.com

Pharmaceutical Packaging Equipment Global Market Report 2021: COVID-19 Growth And Change
September 20, 2021 | finance.yahoo.com

Industrial Packaging Materials Market Size 2021 by Company, Product introduction, Products Sales Volume, Revenue, Price and Gross Margin to 2027
September 15, 2021 | marketwatch.com

Packaging Corporation of America -- Moody's assigns Baa2 rating to Packaging Corporation of America's new notes
September 7, 2021 | markets.businessinsider.com

Worldwide Flexible Packaging Industry to 2029 - Downsizing of Packaging is Driving Growth
September 7, 2021 | finance.yahoo.com

Senior Vice President of Containerboard Mill Operations Charles Carter Just Sold A Bunch Of Shares In Packaging Corporation of America (NYSE:PKG)
September 3, 2021 | nasdaq.com

Packaging Corp Of America Shares Approach 52-Week High - Market Mover
September 3, 2021 | nasdaq.com

Packaging Corp. (PKG)'s Technical Outlook is Bright After Key Golden Cross
August 30, 2021 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Paperboard containers & boxes
Sub-Industry: Paper Packaging
Sector: Industrial Products
Current Symbol: NYSE:PKG
Previous Symbol
CUSIP: 69515610
CIK: 75677
Web: www.packagingcorp.com
Phone: (847) 482-3000
Employees: 15,200
Year Founded: 1959

Sales & Book Value

Annual Sales: $6.66 billion
Price / Sales: 2.03
Cash Flow: $10.06 per share
Price / Cash Flow: 14.15
Book Value: $34.23 per share
Price / Book: 4.16

Profitability

EPS (Most Recent Fiscal Year): $5.78
Net Income: $461 million
Net Margins: 8.97%
Return on Equity: 19.69%
Return on Assets: 8.67%

Debt

Debt-to-Equity Ratio: 0.72
Current Ratio: 3.63
Quick Ratio: 2.61

Price-To-Earnings

Trailing P/E Ratio: 21.32
Forward P/E Ratio: 16.75
P/E Growth: 3.57

Miscellaneous

Outstanding Shares: 94,992,000
Market Cap: $13.53 billion
Next Earnings Date: 10/25/2021 (Confirmed)
Optionable: Optionable

Social Links

MarketRank^™

Overall MarketRank^™

2.40 out of 5 stars

Industrial Products Sector

71st out of 240 stocks

Paperboard Containers & Boxes Industry

3rd out of 5 stocks

1.0 Analyst's Opinion

Consensus Rating
Packaging Co. of America has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $137.50, Packaging Co. of America has a forecasted downside of 3.4% from its current price of $142.30.
Amount of Analyst Coverage
Packaging Co. of America has only been the subject of 1 research reports in the past 90 days.

4.1 Community Rank

Outperform Votes
Packaging Co. of America has received 489 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Packaging Co. of America has received 288 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Packaging Co. of America has received 62.93% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Packaging Co. of America and other stocks. Vote “Outperform” if you believe PKG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PKG will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Packaging Co. of America pays a meaningful dividend of 2.82%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Packaging Co. of America has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Packaging Co. of America is 69.20%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Packaging Co. of America will have a dividend payout ratio of 42.64% next year. This indicates that Packaging Co. of America will be able to sustain or increase its dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Packaging Co. of America insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,503,465.00 in company stock.
Percentage Held by Insiders
Only 1.60% of the stock of Packaging Co. of America is held by insiders.
Percentage Held by Institutions
88.31% of the stock of Packaging Co. of America is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Packaging Co. of America are expected to grow by 10.35% in the coming year, from $8.50 to $9.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Packaging Co. of America is 21.30, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of Packaging Co. of America is 21.30, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 32.09.
Price to Earnings Growth Ratio
Packaging Co. of America has a PEG Ratio of 3.57. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Packaging Co. of America has a P/B Ratio of 4.16. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Packaging Co. of America (NYSE:PKG) Frequently Asked Questions

Is Packaging Co. of America a buy right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Packaging Co. of America stock. 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 analyst ratings for Packaging Co. of America or view top-rated stocks.
What stocks does MarketBeat like better than Packaging Co. of America?: Wall Street analysts have given Packaging Co. of America a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Packaging Co. of America wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.
When is Packaging Co. of America's next earnings date?: Packaging Co. of America is scheduled to release its next quarterly earnings announcement on Monday, October 25th 2021.
View our earnings forecast for Packaging Co. of America.
How can I listen to Packaging Co. of America's earnings call?: Packaging Co. of America will be holding an earnings conference call on Tuesday, October 26th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "2253659".
How were Packaging Co. of America's earnings last quarter?: Packaging Co. of America (NYSE:PKG) issued its earnings results on Sunday, July, 25th. The industrial products company reported $2.17 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.39. The industrial products company had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.81 billion. Packaging Co. of America had a net margin of 8.97% and a trailing twelve-month return on equity of 19.69%. During the same quarter in the previous year, the business posted $1.38 EPS.
View Packaging Co. of America's earnings history.
How has Packaging Co. of America's stock price been impacted by Coronavirus (COVID-19)?: Packaging Co. of America's stock was trading at $85.37 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PKG stock has increased by 66.8% and is now trading at $142.39.
View which stocks have been most impacted by COVID-19.
How often does Packaging Co. of America pay dividends? What is the dividend yield for Packaging Co. of America?: Packaging Co. of America declared a quarterly dividend on Thursday, August 26th. Shareholders of record on Wednesday, September 15th will be given a dividend of $1.00 per share on Friday, October 15th. This represents a $4.00 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Tuesday, September 14th.
View Packaging Co. of America's dividend history.
Is Packaging Co. of America a good dividend stock?: Packaging Co. of America pays an annual dividend of $4.00 per share and currently has a dividend yield of 2.82%. Packaging Co. of America does not yet have a strong track record of dividend growth. The dividend payout ratio of Packaging Co. of America is 69.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Packaging Co. of America will have a dividend payout ratio of 42.64% next year. This indicates that Packaging Co. of America will be able to sustain or increase its dividend.
View Packaging Co. of America's dividend history.
What guidance has Packaging Co. of America issued on next quarter's earnings?: Packaging Co. of America issued an update on its third quarter 2021 earnings guidance on Monday, August, 2nd. The company provided earnings per share guidance of $2.370-$2.370 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.100. The company issued revenue guidance of -.
What price target have analysts set for PKG?: 8 equities research analysts have issued 12-month price objectives for Packaging Co. of America's stock. Their forecasts range from $105.00 to $160.00. On average, they anticipate Packaging Co. of America's stock price to reach $137.50 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
View analysts' price targets for Packaging Co. of America or view top-rated stocks among Wall Street analysts.
Who are Packaging Co. of America's key executives?: Packaging Co. of America's management team includes the following people:
Mark W. Kowlzan, Chairman & Chief Executive Officer
Robert P. Mundy, Chief Financial Officer & Executive Vice President
Robert A. Schneider, Chief Information Officer & Vice President
D. Ray Shirley, SVP-Corporate Engineering & Process Technology
Kent A. Pflederer, Secretary, Senior Vice President & General Counsel
What is Mark W. Kowlzan's approval rating as Packaging Co. of America's CEO?: 114 employees have rated Packaging Co. of America CEO Mark W. Kowlzan on Glassdoor.com. Mark W. Kowlzan has an approval rating of 95% among Packaging Co. of America's employees. This puts Mark W. Kowlzan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
Who are some of Packaging Co. of America's key competitors?: Some companies that are related to Packaging Co. of America include Johnson Controls International (JCI), Roper Technologies (ROP), Fanuc (FANUY), Cintas (CTAS), KONE Oyj (KNYJY), Parker-Hannifin (PH), Techtronic Industries (TTNDY), Mitsui & Co., Ltd. (MITSY), Ashtead Group (ASHTY), Rockwell Automation (ROK), ASSA ABLOY AB (publ) (ASAZY), Ferguson (FERG), Sandvik AB (publ) (SDVKY), Stanley Black & Decker (SWK) and Ball (BLL).
View all of PKG's competitors.
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 The Home Depot (HD), Intel (INTC), Johnson & Johnson (JNJ), AT&T (T), Verizon Communications (VZ), Pfizer (PFE), The Boeing (BA), Honeywell International (HON), 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.86%), Price T Rowe Associates Inc. MD (10.25%), BlackRock Inc. (8.38%), State Street Corp (4.68%), JPMorgan Chase & Co. (4.18%) and Victory Capital Management Inc. (2.62%). Company insiders that own Packaging Co. of America stock include Bruce A Ridley, Charles J Carter, Donald R Shirley, Robert Andrew Schneider, Robert C Lyons, Thomas A Hassfurther and Thomas WH Walton.
View institutional ownership trends for Packaging Co. of America.
Which major investors are selling Packaging Co. of America stock?: PKG stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Wells Fargo & Company MN, BlackRock Inc., Goldman Sachs Group Inc., Aegon Asset Management UK PLC, Russell Investments Group Ltd., QS Investors LLC, and APG Asset Management N.V.. Company insiders that have sold Packaging Co. of America company stock in the last year include Bruce A Ridley, Charles J Carter, Donald R Shirley, Robert Andrew Schneider, Thomas A Hassfurther, and Thomas WH Walton.
View insider buying and selling activity for Packaging Co. of America or view top insider-selling stocks.
Which major investors are buying Packaging Co. of America stock?: PKG stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, JPMorgan Chase & Co., FMR LLC, Macquarie Group Ltd., State Street Corp, Morgan Stanley, Morgan Stanley, and Amundi.
View insider buying and selling activity for Packaging Co. of America or or view top insider-buying stocks.
How do I buy shares of Packaging Co. 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 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 $142.39.
How much money does Packaging Co. of America make?: Packaging Co. of America has a market capitalization of $13.53 billion and generates $6.66 billion in revenue each year. The industrial products company earns $461 million in net income (profit) each year or $5.78 on an earnings per share basis.
How many employees does Packaging Co. of America have?: Packaging Co. of America 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, 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 Corrugated and Display LLC, PCA Hydro Inc, PCA International Inc., PCA International Services LLC, PCA Texas Acquisition LLC, Packaging Corporation of Asia Limited, Packaging Materials Co, Polywoven Distributors PA LLC, Sacramento Container Corp., Sunbelt Packaging Services, and TimBar Packaging & Display.
When was Packaging Co. of America founded?: Packaging Co. of America was founded in 1959.
What is Packaging Co. of America's official website?: The official website for Packaging Co. of America is www.packagingcorp.com.
Where are Packaging Co. of America's headquarters?: Packaging Co. of America is headquartered at 1 NORTH FIELD COURT, LAKE FOREST IL, 60045.
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 industrial products company can be reached via phone at (847) 482-3000.

This page was last updated on 9/28/2021 by MarketBeat.com Staff

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Packaging Co. of America Stock Forecast, Price & News

About Packaging Co. of America

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Social Links

MarketRank™

Overall MarketRank™

1.0 Analyst's Opinion

4.1 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

2.5 Dividend Strength

2.5 Company Ownership

1.9 Earnings and Valuation

Packaging Co. of America (NYSE:PKG) Frequently Asked Questions

Is Packaging Co. of America a buy right now?

What stocks does MarketBeat like better than Packaging Co. of America?

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

How can I listen to Packaging Co. of America's earnings call?

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

How has Packaging Co. of America's stock price been impacted by Coronavirus (COVID-19)?

How often does Packaging Co. of America pay dividends? What is the dividend yield for Packaging Co. of America?

Is Packaging Co. of America a good dividend stock?

What guidance has Packaging Co. of America issued on next quarter's earnings?

What price target have analysts set for PKG?

Who are Packaging Co. of America's key executives?

What is Mark W. Kowlzan's approval rating as Packaging Co. of America's CEO?

Who are some of Packaging Co. of America's key competitors?

What other stocks do shareholders of Packaging Co. of America own?

What is Packaging Co. of America's stock symbol?

Who are Packaging Co. of America's major shareholders?

Which major investors are selling Packaging Co. of America stock?

Which major investors are buying Packaging Co. of America stock?

How do I buy shares of Packaging Co. of America?

What is Packaging Co. of America's stock price today?

How much money does Packaging Co. of America make?

How many employees does Packaging Co. of America have?

Does Packaging Co. of America have any subsidiaries?

When was Packaging Co. of America founded?

What is Packaging Co. of America's official website?

Where are Packaging Co. of America's headquarters?

How can I contact Packaging Co. of America?

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