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NYSE:PKG

Packaging Co. of America Stock Forecast, Price & News

$132.77
+1.02 (+0.77 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$130.86
Now: $132.77
$133.01
50-Day Range
$111.93
MA: $122.21
$135.58
52-Week Range
$71.05
Now: $132.77
$136.47
Volume220,538 shs
Average Volume796,165 shs
Market Capitalization$12.59 billion
P/E Ratio24.59
Dividend Yield2.40%
Beta1.12
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-based papers, such as 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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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.97 out of 5 stars


Industry, Sector and Symbol

Industry Paperboard containers & boxes
Sub-IndustryPaper Packaging
CUSIP69515610
Phone847-482-3000
Employees15,500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.96 billion
Cash Flow$13.59 per share
Book Value$32.44 per share

Profitability

Net Income$696.40 million

Miscellaneous

Market Cap$12.59 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$132.77
+1.02 (+0.77 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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

How has Packaging Co. of America's stock been impacted by Coronavirus?

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 55.5% and is now trading at $132.77.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Packaging Co. of America?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last year. There are currently 1 sell rating, 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Packaging Co. of America
.

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 short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Packaging Co. of America wasn't one of them. MarketBeat thinks these five stocks 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 Wednesday, February 3rd 2021.
View our earnings forecast for Packaging Co. of America
.

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

Packaging Co. of America (NYSE:PKG) announced its quarterly earnings results on Saturday, October, 31st. The industrial products company reported $1.57 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.41 by $0.16. The industrial products company earned $1.69 billion during the quarter, compared to analyst estimates of $1.64 billion. Packaging Co. of America had a return on equity of 19.99% and a net margin of 7.65%. The business's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.92 EPS.
View Packaging Co. of America's earnings history
.

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

Packaging Co. of America announced a quarterly dividend on Tuesday, August 25th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.79 per share on Thursday, October 15th. This represents a $3.16 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Monday, September 14th.
View Packaging Co. of America's dividend history
.

What price target have analysts set for PKG?

13 brokers have issued 1 year price targets for Packaging Co. of America's shares. Their forecasts range from $98.00 to $134.00. On average, they expect Packaging Co. of America's stock price to reach $111.73 in the next twelve months. This suggests that the stock has a possible downside of 15.8%.
View analysts' price targets for Packaging Co. of America
.

Are investors shorting Packaging Co. of America?

Packaging Co. of America saw a decrease in short interest in the month of October. As of October 30th, there was short interest totaling 1,390,000 shares, a decrease of 18.2% from the October 15th total of 1,700,000 shares. Based on an average daily volume of 600,100 shares, the short-interest ratio is currently 2.3 days. Currently, 1.5% of the company's stock are short sold.
View Packaging Co. of America's Short Interest
.

Who are some of Packaging Co. of America's key 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).

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

Packaging Co. of America's management team includes the following people:
  • Mr. Mark W. Kowlzan, Chairman & CEO (Age 64, Pay $3.2M)
  • Mr. Robert P. Mundy, Exec. VP & CFO (Age 58, Pay $1.61M)
  • Mr. Thomas A. Hassfurther, Exec. VP of Corrugated Products (Age 64, Pay $2.36M)
  • Mr. Charles J. Carter, Sr. VP of Containerboard Mill Operations (Age 60, Pay $1.17M)
  • Mr. Donald Ray Shirley, Sr. VP of Corp. Engineering & Process Technology (Age 48, Pay $936.15k)
  • Mr. Bruce A. Ridley, Sr. VP of Environmental Health, Safety & Operational Services (Age 64)
  • Ms. Pamela A. Barnes, Sr. VP of Fin., Controller & Principal Accounting Officer (Age 55)
  • Mr. Robert Andrew Schneider, Sr. VP & Chief Information Officer (Age 54)
  • Mr. Kent A. Pflederer, Sr. VP, Gen. Counsel & Sec. (Age 49)
  • Mr. Thomas W. H. Walton, Sr. VP of Sales & Marketing - Corrugated Products (Age 60)

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.25%), State Street Corp (4.41%), JPMorgan Chase & Co. (3.42%), Victory Capital Management Inc. (2.12%), Nuveen Asset Management LLC (1.37%) and Wedge Capital Management L L P NC (0.85%). Company insiders that own Packaging Co. of America stock include Bruce A Ridley, 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 institutional investors are selling Packaging Co. of America stock?

PKG stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Nuveen Asset Management LLC, Wedge Capital Management L L P NC, Principal Financial Group Inc., State Street Corp, AJO LP, and Cubist Systematic Strategies LLC. Company insiders that have sold Packaging Co. of America company stock in the last year include Bruce A Ridley, Robert Andrew Schneider, Thomas A Hassfurther, and Thomas WH Walton.
View insider buying and selling activity for Packaging Co. of America
.

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

PKG stock was bought by a variety of institutional investors in the last quarter, including Jupiter Asset Management Ltd., Morgan Stanley, UBS Asset Management Americas Inc., DekaBank Deutsche Girozentrale, Victory Capital Management Inc., AQR Capital Management LLC, Great West Life Assurance Co. Can, and Foundry Partners LLC.
View insider buying and selling activity for Packaging Co. of America
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

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

One share of PKG stock can currently be purchased for approximately $132.77.

How big of a company is Packaging Co. of America?

Packaging Co. of America has a market capitalization of $12.59 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 Co. of America employs 15,500 workers across the globe.

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

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

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 11/28/2020 by MarketBeat.com Staff

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