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NYSE:PKG

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

$143.32
-0.60 (-0.42%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$142.01
$143.60
50-Day Range
$134.29
$162.30
52-Week Range
$124.78
$168.50
Volume
355,991 shs
Average Volume
687,278 shs
Market Capitalization
$13.43 billion
P/E Ratio
13.26
Dividend Yield
3.47%
Price Target
$158.14

Packaging Co. of America MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
10.3% Upside
$158.14 Price Target
Short Interest
Healthy
2.17% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.50
Upright™ Environmental Score
News Sentiment
0.00mentions of Packaging Co. of America in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$2.21 M Sold Last Quarter
Proj. Earnings Growth
-2.17%
From $11.51 to $11.26 Per Share

Overall MarketRank

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

2.01 out of 5 stars

Industrial Products Sector

159th out of 192 stocks

Paperboard Containers & Boxes Industry

4th 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.

Packaging Co. of America Stock Performance

NYSE:PKG opened at $143.92 on Monday. The stock has a market cap of $13.49 billion, a P/E ratio of 13.31, a PEG ratio of 2.50 and a beta of 0.77. The stock has a 50 day simple moving average of $141.34 and a 200 day simple moving average of $149.69. The company has a current ratio of 3.07, a quick ratio of 2.09 and a debt-to-equity ratio of 0.63. Packaging Co. of America has a 1-year low of $124.78 and a 1-year high of $168.50.

Packaging Co. of America (NYSE:PKG - Get Rating) last released its quarterly earnings results on Monday, July 25th. The industrial products company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.38. The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.14 billion. Packaging Co. of America had a return on equity of 28.76% and a net margin of 12.13%. The firm's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the firm posted $2.17 EPS. Research analysts anticipate that Packaging Co. of America will post 11.51 earnings per share for the current year.

Packaging Co. of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Wednesday, June 15th were issued a dividend of $1.25 per share. This is a boost from Packaging Co. of America's previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Tuesday, June 14th. Packaging Co. of America's dividend payout ratio (DPR) is presently 46.25%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PKG. Wells Fargo & Company decreased their price target on Packaging Co. of America from $162.00 to $154.00 and set an "equal weight" rating for the company in a research note on Monday, July 18th. 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 research note on Wednesday, July 27th. Truist Financial reduced their target price on Packaging Co. of America to $175.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. Argus lifted their target price on Packaging Co. of America from $160.00 to $176.00 in a research note on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Packaging Co. of America from $158.00 to $144.00 in a research note on Tuesday, July 19th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $158.14.

Insider Buying and Selling

In other Packaging Co. of America 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 value of $2,212,140.00. Following the completion of the transaction, the chief financial officer now directly owns 38,799 shares of the company's stock, valued at approximately $6,219,479.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Packaging Co. of America 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 value of $2,212,140.00. Following the completion of the transaction, the chief financial officer now directly owns 38,799 shares of the company's stock, valued at approximately $6,219,479.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donna A. Harman acquired 500 shares of the company's stock in a transaction on Wednesday, May 25th. The stock was bought at an average cost of $153.21 per share, with a total value of $76,605.00. Following the completion of the acquisition, the director now directly owns 2,725 shares in the company, valued at $417,497.25. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by insiders.

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PKG Stock News Headlines

4 Analysts Have This to Say About Packaging Corp of America
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PKG Company Calendar

Ex-Dividend for 7/15 Dividend
6/14/2022
Dividend Payable
7/15/2022
Last Earnings
7/25/2022
Today
8/15/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

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
$158.14
High Stock Price Forecast
$176.00
Low Stock Price Forecast
$144.00
Forecasted Upside/Downside
+10.3%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$841.10 million
Pretax Margin
16.10%

Debt

Sales & Book Value

Annual Sales
$7.73 billion
Cash Flow
$13.79 per share
Book Value
$37.97 per share

Miscellaneous

Free Float
92,240,000
Market Cap
$13.43 billion
Optionable
Optionable
Beta
0.77

Social Links















PKG Stock - Frequently Asked Questions

Should I buy or sell Packaging Co. of America stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 2022?

7 equities research analysts have issued 12 month target prices for Packaging Co. of America's stock. Their PKG share price forecasts range from $144.00 to $176.00. On average, they expect the company's stock price to reach $158.14 in the next year. This suggests a possible upside of 10.3% 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 beginning of 2022. Since then, PKG stock has increased by 5.3% and is now trading at $143.32.
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 Monday, October 24th 2022.
View our PKG earnings forecast
.

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

Packaging Co. of America (NYSE:PKG) released its quarterly earnings data on Monday, July, 25th. The industrial products company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.38. The industrial products company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.14 billion. Packaging Co. of America had a trailing twelve-month return on equity of 28.76% and a net margin of 12.13%. The business's revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.17 EPS.
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, May 18th. Stockholders of record on Wednesday, June 15th will be given a dividend of $1.25 per share on Friday, July 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, June 14th. This is a positive change from the stock's previous quarterly dividend of $1.00.
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 3.47%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 46.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PKG will have a dividend payout ratio of 44.40% 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 issued an update on its third quarter 2022 earnings guidance on Monday, August, 1st. The company provided earnings per share guidance of $2.80-$2.80 for the period, compared to the consensus earnings per share estimate of $3.13. 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 investors include JPMorgan Chase & Co. (3.73%), Victory Capital Management Inc. (3.27%), Maj Invest Holding A S (2.33%), Nordea Investment Management AB (2.02%), Northern Trust Corp (1.17%) and UBS Asset Management Americas Inc. (0.76%). 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 $143.32.

How much money does Packaging Co. of America make?

Packaging Co. of America (NYSE:PKG) has a market capitalization of $13.43 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 $10.81 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
When was Packaging Co. of America founded?

Packaging Co. of America was founded in 1959.

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 8/15/2022 by MarketBeat.com Staff

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