Packaging Corp Of America (NYSE:PKG) was upgraded by investment analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research report issued on Monday, February 12th.
Other analysts have also issued research reports about the company. KeyCorp reissued a “hold” rating on shares of Packaging Corp Of America in a research report on Friday, February 2nd. Zacks Investment Research raised Packaging Corp Of America from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. BMO Capital Markets reissued a “buy” rating and issued a $130.00 target price on shares of Packaging Corp Of America in a research report on Thursday, January 25th. Stephens set a $136.00 target price on Packaging Corp Of America and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Wells Fargo & Co upped their price objective on Packaging Corp Of America from $130.00 to $150.00 and gave the stock a “market perform” rating in a research report on Thursday, February 1st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Packaging Corp Of America has a consensus rating of “Buy” and an average target price of $128.00.
Packaging Corp Of America (PKG) opened at $118.86 on Monday. Packaging Corp Of America has a twelve month low of $88.47 and a twelve month high of $131.13. The firm has a market capitalization of $11,262.62, a P/E ratio of 16.81, a PEG ratio of 1.90 and a beta of 1.84. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 1.30.
Packaging Corp Of America (NYSE:PKG) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.05. Packaging Corp Of America had a return on equity of 30.48% and a net margin of 10.37%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the firm posted $1.23 earnings per share. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. research analysts predict that Packaging Corp Of America will post 7.56 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its stake in Packaging Corp Of America by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,158 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 128 shares in the last quarter. Advantage Investment Management LLC acquired a new position in Packaging Corp Of America in the third quarter valued at $137,000. Field & Main Bank acquired a new position in Packaging Corp Of America in the fourth quarter valued at $168,000. Perpetual Ltd acquired a new position in Packaging Corp Of America in the second quarter valued at $201,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Packaging Corp Of America during the fourth quarter worth about $205,000. Institutional investors own 87.06% of the company’s stock.
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About Packaging Corp Of America
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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