Packaging Co. of America Stock Forecast, Price & News

9 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 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.
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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.
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Packaging Co. of America saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,660,000 shares, an increase of 23.9% from the June 15th total of 1,340,000 shares. Based on an average daily volume of 532,300 shares, the days-to-cover ratio is currently 3.1 days. Approximately 1.8% of the shares of the company are short sold.
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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.

Packaging Co. of America (NYSE:PKG) posted its quarterly earnings results on Sunday, July, 25th. The industrial products company reported $2.17 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.78 by $0.39. Packaging Co. of America had a trailing twelve-month return on equity of 17.85% and a net margin of 7.19%. During the same period last year, the company posted $1.38 earnings per share.
View Packaging Co. of America's earnings history.

Packaging Co. of America's stock was trading at $85.37 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PKG stock has increased by 64.2% and is now trading at $140.22.
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Packaging Co. of America declared a quarterly dividend on Wednesday, May 5th. Shareholders of record on Tuesday, June 15th will be paid a dividend of $1.00 per share on Thursday, July 15th. This represents a $4.00 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Monday, June 14th.
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Packaging Co. of America pays an annual dividend of $4.00 per share and currently has a dividend yield of 2.88%. 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 46.24% 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.

Packaging Co. of America updated its third quarter earnings guidance on Monday, July, 26th. The company provided earnings per share guidance of $2.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.11.

9 brokerages have issued 12 month target prices for Packaging Co. of America's shares. Their forecasts range from $105.00 to $160.00. On average, they anticipate Packaging Co. of America's stock price to reach $137.67 in the next year. This suggests that the stock has a possible downside of 1.8%.
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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.

Some companies that are related to Packaging Co. of America include Roper Technologies (ROP), Johnson Controls International (JCI), Fanuc (FANUY), KONE Oyj (KNYJY), Cintas (CTAS), Parker-Hannifin (PH), Mitsui & Co., Ltd. (MITSY), Rockwell Automation (ROK), Ashtead Group (ASHTY), ASSA ABLOY AB (publ) (ASAZY), Sandvik AB (publ) (SDVKY), Techtronic Industries (TTNDY), Stanley Black & Decker (SWK), Ferguson (FERG) and Zebra Technologies (ZBRA).
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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).

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

Packaging Co. of America's stock is owned by many different retail and institutional investors. Top institutional investors include JLB & Associates Inc. (0.09%), State of Alaska Department of Revenue (0.06%), Manning & Napier Group LLC (0.05%), Taylor Cottrill Erickson & Associates Inc. (0.02%), Transform Wealth LLC (0.01%) and IFM Investors Pty Ltd (0.01%). Company insiders that own Packaging Co. of America stock include Bruce A Ridley, Charles J Carter, Robert Andrew Schneider, Robert C Lyons, Thomas A Hassfurther and Thomas WH Walton.
View institutional ownership trends for Packaging Co. of America.

PKG stock was sold by a variety of institutional investors in the last quarter, including Minot Wealth Management LLC, State of Alaska Department of Revenue, Taylor Cottrill Erickson & Associates Inc., and JLB & Associates Inc.. Company insiders that have sold Packaging Co. of America company stock in the last year include Bruce A Ridley, Charles J Carter, Robert Andrew Schneider, Thomas A Hassfurther, and Thomas WH Walton.
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PKG stock was bought by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Transform Wealth LLC, IFM Investors Pty Ltd, Cozad Asset Management Inc., Essex Savings Bank, New Mexico Educational Retirement Board, and Raymond James Trust N.A..
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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.
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One share of PKG stock can currently be purchased for approximately $140.22.

Packaging Co. of America has a market capitalization of $13.32 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.

Packaging Co. of America employs 15,200 workers across the globe.

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.

Packaging Co. of America was founded in 1959.

The official website for Packaging Co. of America is www.packagingcorp.com.

Packaging Co. of America is headquartered at 1 NORTH FIELD COURT, LAKE FOREST IL, 60045.

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.