Packaging Corp Of America (NYSE:PKG) has been given an average rating of “Hold” by the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $103.00.
A number of equities research analysts recently commented on PKG shares. Zacks Investment Research raised shares of Packaging Corp Of America from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Monday, December 31st. ValuEngine upgraded shares of Packaging Corp Of America from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Wells Fargo & Co lowered shares of Packaging Corp Of America from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $110.00 to $93.00 in a report on Wednesday, January 9th. Finally, Citigroup reduced their target price on shares of Packaging Corp Of America from $98.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, January 7th.
NYSE PKG traded down $2.29 during trading hours on Wednesday, reaching $96.01. The company’s stock had a trading volume of 29,095 shares, compared to its average volume of 990,514. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.39 and a beta of 1.80. Packaging Corp Of America has a fifty-two week low of $77.90 and a fifty-two week high of $124.70. The company has a current ratio of 3.05, a quick ratio of 1.90 and a debt-to-equity ratio of 0.94.
Packaging Corp Of America (NYSE:PKG) last issued its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $2.17 EPS for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.02. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Packaging Corp Of America had a net margin of 10.52% and a return on equity of 30.83%. As a group, research analysts expect that Packaging Corp Of America will post 8.45 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be issued a $0.79 dividend. The ex-dividend date is Thursday, March 14th. This represents a $3.16 dividend on an annualized basis and a yield of 3.29%. Packaging Corp Of America’s dividend payout ratio (DPR) is 39.35%.
A number of large investors have recently added to or reduced their stakes in PKG. CSat Investment Advisory L.P. lifted its holdings in Packaging Corp Of America by 73.8% in the 4th quarter. CSat Investment Advisory L.P. now owns 299 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 127 shares in the last quarter. Truewealth LLC purchased a new position in shares of Packaging Corp Of America during the 4th quarter worth about $33,000. Capital Investment Advisory Services LLC purchased a new position in shares of Packaging Corp Of America during the 4th quarter worth about $41,000. Aspire Private Capital LLC purchased a new position in shares of Packaging Corp Of America during the 4th quarter worth about $41,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Packaging Corp Of America during the 4th quarter worth about $47,000. Institutional investors own 85.66% of the company’s stock.
Packaging Corp Of America Company Profile
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various 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.
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