Recent Investment Analysts’ Ratings Changes for Packaging Corporation of America (PKG)

A number of research firms have changed their ratings and price targets for Packaging Corporation of America (NYSE: PKG):

  • 7/14/2017 – Packaging Corporation of America had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $128.00 price target on the stock, up previously from $114.00.
  • 7/13/2017 – Packaging Corporation of America was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating. They now have a $111.00 price target on the stock, up previously from $105.00.
  • 7/11/2017 – Packaging Corporation of America was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Packaging Corporation anticipates second-quarter 2017 earnings of $1.45 per share, reflecting 16% year-over-year growth. It continues to implement its previously announced packaging segment price increases and expects higher corrugated products shipments in the second quarter. Energy costs are likely to improve as it enters into a seasonally milder weather. Moreover, the company will gain from acquisitions and its diverse product portfolio. The stock outperformed the Zacks categorized Containers-Paper/Plastic sub industry in the last one year. However, Packaging Corporation’s performance will be hurt by escalating expenses, continued price inflation on recycled fiber and strong competition.”
  • 7/10/2017 – Packaging Corporation of America was downgraded by analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating.
  • 7/6/2017 – Packaging Corporation of America is now covered by analysts at KeyCorp. They set a “sector weight” rating on the stock.
  • 6/30/2017 – Packaging Corporation of America had its price target raised by analysts at BMO Capital Markets from $104.00 to $118.00. They now have an “outperform” rating on the stock.
  • 6/2/2017 – Packaging Corporation of America was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/2/2017 – Packaging Corporation of America had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $104.00 price target on the stock.
  • 6/1/2017 – Packaging Corporation of America was given a new $114.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.

Shares of Packaging Corporation of America (PKG) opened at 112.84 on Tuesday. The firm has a 50-day moving average price of $104.68 and a 200-day moving average price of $95.10. The stock has a market capitalization of $10.54 billion, a P/E ratio of 23.02 and a beta of 1.88. Packaging Corporation of America has a 52-week low of $72.33 and a 52-week high of $114.31.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.03. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Packaging Corporation of America had a return on equity of 27.29% and a net margin of 7.81%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 EPS. On average, analysts predict that Packaging Corporation of America will post $5.95 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.63 per share. The ex-dividend date was Tuesday, June 13th. This represents a $2.52 dividend on an annualized basis and a yield of 2.23%. Packaging Corporation of America’s dividend payout ratio is presently 51.43%.

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

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