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Packaging (PKG)
NYSE:PKG
Packaging (PKG) Stock Price & Analysis
396 Followers
PKG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$118.33 - $191.27
Previous Close$182.03
Volume143.95K
Average Volume (3M)655.09K
Market Cap
$16.35B
Enterprise Value$18.45B
Total Cash (Recent Filing)$677.20M
Total Debt (Recent Filing)$2.78B
Price to Earnings (P/E)22.7
Beta0.85
Next Earnings
Jul 22, 2024EPS Estimate
$2.1Next Dividend Ex-Date
Jun 14, 2024Dividend Yield2.75%
Share Statistics
EPS (TTM)8.00
Shares Outstanding89,797,979
10 Day Avg. Volume473,434
30 Day Avg. Volume655,087
Standard Deviation0.07
R-Squared0.36
Alpha0.00622
Financial Highlights & Ratios
Price to Book (P/B)5.73
Price to Sales (P/S)1.92
Price to Cash Flow (P/CF)12.20
P/FCF Ratio11.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.35
Enterprise Value/Gross Profit8.82
Enterprise Value/Ebitda23.45
Forecast
1Y Price Target
$190.33Price Target Upside4.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Packaging News
PremiumMarket News
SPY ETF Update, 5/9/2024 
PremiumMarket News
SPY ETF Update, 5/7/2024 
PremiumMarket News
SPY ETF Update, 5/3/2024 
PremiumMarket News
SPY ETF Update, 4/29/2024 
PremiumMarket News
SPY ETF Update, 4/25/2024 
PremiumCompany Announcements
Packaging Corporation Streamlines Leadership and Approves Incentives
Bulls Say, Bears Say
Bulls Say
Earnings PotentialPackaging Corp is expected to benefit from both a cyclical recovery and providing best-in-class customer service, driving mid-cycle EBITDA toward $2.25Bn.
Stock ValuationThe recent pullback in Packaging Corp's stock price offers a great entry point to owning a best-in-class operator, poised to outgrow the market.
Strategic PositioningPackaging Corp stands to outperform peers with a honed commercial and operational strategy, well invested assets, and potential capital return driving upside.
Bears Say
Cost IncreasesHigher rail rates and a higher tax rate are expected to partially offset the positive trends in operating, converting, and maintenance costs.
Earnings ForecastForecasts for Packaging Corp's earnings have been slightly trimmed.
Earnings GuidanceSecond quarter guidance for adjusted EPS is below the estimates of Bank of America and the Street.
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Ownership Overview
17.28% Insiders
28.66% Mutual Funds
40.00% Other Institutional Investors
14.06% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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PKG FAQ
What was Packaging’s price range in the past 12 months?
Packaging lowest stock price was $118.33 and its highest was $191.27 in the past 12 months.
What is Packaging’s market cap?
Currently, no data Available
When is Packaging’s upcoming earnings report date?
Packaging’s upcoming earnings report date is Jul 22, 2024 which is in 67 days.
How were Packaging’s earnings last quarter?
Packaging released its earnings results on Apr 22, 2024. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.679 by $0.041.
Is Packaging overvalued?
According to Wall Street analysts Packaging’s price is currently Undervalued.
Does Packaging pay dividends?
Packaging pays a Quarterly dividend of $1.25 which represents an annual dividend yield of 2.75%. See more information on Packaging dividends here
What is Packaging’s EPS estimate?
Packaging’s EPS estimate is $2.1.
How many shares outstanding does Packaging have?
Packaging has 89,797,980 shares outstanding.
What happened to Packaging’s price movement after its last earnings report?
Packaging reported an EPS of $1.72 in its last earnings report, beating expectations of $1.679. Following the earnings report the stock price went down -4.691%.
Which hedge fund is a major shareholder of Packaging?
Among the largest hedge funds holding Packaging’s share is Gotham Asset Management LLC. It holds Packaging’s shares valued at 11M.
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Packaging Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$190.33 (4.51% Upside)
$190.33 (4.51% Upside)
Blogger Sentiment
Bullish
PKG Sentiment 66%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 5.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $16.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days >0.1%
Last 30 Days ▲ 1.8%
Last 30 Days ▲ 1.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
44.11%
12-Months-Change
Fundamentals
Return on Equity
18.39%
Trailing 12-Months
Asset Growth
10.04%
Trailing 12-Months
Company Description
Packaging
Packaging Corp. of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers. The Corporate and Other segment focuses on transportation assets, as well as rail cars, and trucks. The company was founded in 1959 and is headquartered in Lake Forest, IL.
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PKG Earnings Call
Q1 2024
0:00 / 0:00
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PKG Net sales Breakdown
91.45% Packaging
7.63% Paper
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PKG Stock 12 Month Forecast
Average Price Target
$190.33
▲(4.51% Upside)
Technical Analysis
Best Analysts Covering PKG
1 Year
1 Year Success Rate
12/14 ratings generated profit
1 Year Average Return
+20.04%
reiterated a buy rating 21 days ago
Copying Michael Roxland's trades and holding each position for 1 Year would result in 85.71% of your transactions generating a profit, with an average return of +20.04% per trade.
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