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

Packaging Corp Of America's stock was trading at $85.37 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PKG stock has increased by 15.8% and is now trading at $98.89. View which stocks have been most impacted by Coronavirus.

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, 9 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Packaging Corp Of America.

Packaging Corp Of America is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Packaging Corp Of America.

Packaging Corp Of America will be holding an earnings conference call on Tuesday, July 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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, beating the Zacks' consensus estimate of $1.22 by $0.28. The industrial products company had revenue of $1.71 billion for the quarter, compared to analyst estimates 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 for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.98 EPS. View Packaging Corp Of America's earnings history.

Packaging Corp Of America announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Monday, June 15th will be given a dividend of $0.79 per share on Wednesday, July 15th. This represents a $3.16 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Friday, June 12th. View Packaging Corp Of America's dividend history.

13 Wall Street analysts have issued 12-month target prices for Packaging Corp Of America's shares. Their forecasts range from $79.00 to $118.00. On average, they anticipate Packaging Corp Of America's stock price to reach $100.67 in the next twelve months. This suggests a possible upside of 1.8% from the stock's current price. View analysts' price targets for Packaging Corp Of America.

Media headlines about PKG stock have trended very negative on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by analyzing 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 positive five, with scores nearest to five being the most favorable. Packaging Corp Of America earned a media sentiment score of -3.8 on InfoTrie's scale. They also assigned news headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Packaging Corp Of America.

Packaging Corp Of America saw a increase in short interest in June. As of June 30th, there was short interest totaling 2,620,000 shares, an increase of 40.9% from the June 15th total of 1,860,000 shares. Based on an average trading volume of 838,400 shares, the days-to-cover ratio is presently 3.1 days. Approximately 2.8% of the company's shares are short sold. View Packaging Corp Of America's Current Options Chain.

Some companies that are related to Packaging Corp Of America include KONE OYJ/ADR (KNYJY), FANUC LTD JAPAN/ADR (FANUY), Emerson Electric (EMR), Eaton (ETN), Cintas (CTAS), Mitsui & Co Ltd (MITSY), Johnson Controls International (JCI), SANDVIK AB/ADR (SDVKY), Rockwell Automation (ROK), Ball (BLL), ASSA ABLOY AB/S (ASAZY), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Komatsu (KMTUY) and Ferguson (FERGY). View all competitors.

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).

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

Packaging Corp Of America's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.98%), Envestnet Asset Management Inc. (0.09%), State of Alaska Department of Revenue (0.09%), DNB Asset Management AS (0.02%), Robecosam AG (0.01%) and Municipal Employees Retirement System of Michigan (0.01%). Company insiders that own Packaging Corp Of America stock include Bruce A Ridley, Donald R Shirley, Robert C Lyons and Thomas WH Walton. View institutional ownership trends for Packaging Corp Of America.

PKG stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, and Robecosam AG. 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.

PKG stock was bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, State of Alaska Department of Revenue, Municipal Employees Retirement System of Michigan, Cypress Capital Group, Envestnet Asset Management Inc., IBM Retirement Fund, and TRUE Private Wealth Advisors. View insider buying and selling activity for 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.

One share of PKG stock can currently be purchased for approximately $98.89.

Packaging Corp Of America has a market capitalization of $9.38 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.

The official website for Packaging Corp Of America is www.packagingcorp.com.

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.