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

$133.04
+0.35 (+0.26%)
(As of 11/30/2022 11:15 AM ET)
Add
Compare
Today's Range
$131.88
$133.04
50-Day Range
$112.29
$133.35
52-Week Range
$110.56
$168.50
Volume
5,529 shs
Average Volume
745,011 shs
Market Capitalization
$12.31 billion
P/E Ratio
12.12
Dividend Yield
3.84%
Price Target
$133.89

Packaging Co. of America MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.9% Upside
$133.89 Price Target
Short Interest
Healthy
2.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.50
Upright™ Environmental Score
News Sentiment
0.63mentions of Packaging Co. of America in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-16.79%
From $11.02 to $9.17 Per Share

Overall MarketRank

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

2.46 out of 5 stars

Industrial Products Sector

48th out of 183 stocks

Paperboard Containers & Boxes Industry

1st 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.

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PKG Stock News Headlines

Air Bubble Bags Market Research Report 2022 - 2028
Packaging Corporation of America Q3 Profit Increases, beats estimates
Packaging Corp. (PKG) Q3 Earnings Meet Estimates
See More Headlines
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PKG Company Calendar

Ex-Dividend for 10/17 Dividend
9/30/2022
Dividend Payable
10/17/2022
Last Earnings
10/25/2022
Today
11/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/25/2023

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
$133.89
High Stock Price Forecast
$176.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
+0.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$841.10 million
Pretax Margin
16.02%

Debt

Sales & Book Value

Annual Sales
$7.73 billion
Cash Flow
$14.17 per share
Book Value
$42.92 per share

Miscellaneous

Free Float
91,053,000
Market Cap
$12.31 billion
Optionable
Optionable
Beta
0.84

Social Links


Key Executives

  • Mr. Mark W. Kowlzan (Age 66)
    Chairman & CEO
    Comp: $5.09M
  • Mr. Robert P. MundyMr. Robert P. Mundy (Age 60)
    Exec. VP & CFO
    Comp: $2.41M
  • Mr. Thomas A. HassfurtherMr. Thomas A. Hassfurther (Age 66)
    Exec. VP of Corrugated Products
    Comp: $3.65M
  • Mr. Charles J. CarterMr. Charles J. Carter (Age 62)
    Exec. VP of Mill Operations
    Comp: $1.66M
  • Mr. Donald Ray ShirleyMr. Donald Ray Shirley (Age 50)
    Sr. VP of Corp. Engineering & Process Technology
    Comp: $1.47M
  • Mr. Bruce A. RidleyMr. Bruce A. Ridley (Age 66)
    Sr. VP of Environmental Health, Safety & Operational Services
  • Ms. Pamela A. Barnes (Age 57)
    Sr. VP of Fin., Controller & Principal Accounting Officer
  • Mr. Robert Andrew SchneiderMr. Robert Andrew Schneider (Age 56)
    Sr. VP & Chief Information Officer
  • Mr. Kent A. Pflederer (Age 51)
    Sr. VP, Gen. Counsel & Sec.
  • Mr. Jeffery S. Kaser
    Sr. VP of Corrugated Products













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 twelve months. There are currently 2 sell ratings, 3 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 2023?

7 brokers have issued twelve-month price objectives for Packaging Co. of America's shares. Their PKG share price forecasts range from $99.00 to $176.00. On average, they predict the company's share price to reach $133.89 in the next year. This suggests a possible upside of 0.9% 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 start of the year. Since then, PKG stock has decreased by 2.5% and is now trading at $132.69.
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 Wednesday, January 25th 2023.
View our PKG earnings forecast
.

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

Packaging Co. of America (NYSE:PKG) posted its quarterly earnings data on Tuesday, October, 25th. The industrial products company reported $2.83 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.02. The industrial products company earned $2.10 billion during the quarter, compared to analyst estimates of $2.20 billion. Packaging Co. of America had a trailing twelve-month return on equity of 28.32% and a net margin of 12.09%. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.69 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 declared a quarterly dividend on Wednesday, September 21st. Investors of record on Monday, October 3rd will be given a dividend of $1.25 per share on Monday, October 17th. This represents a $5.00 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Friday, September 30th.
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 3.84%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 45.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PKG will have a dividend payout ratio of 54.53% 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 fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of $2.22-$2.22 for the period, compared to the consensus EPS estimate of $2.56. 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.99%), BlackRock Inc. (9.41%), State Street Corp (4.33%), Victory Capital Management Inc. (3.35%), Price T Rowe Associates Inc. MD (3.05%) and Maj Invest Holding A S (2.35%). 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 $132.69.

How much money does Packaging Co. of America make?

Packaging Co. of America (NYSE:PKG) has a market capitalization of $12.28 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 $10.98 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
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 11/30/2022 by MarketBeat.com Staff