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Packaging (PKG)
NYSE:PKG
Packaging (PKG) Stock Price & Analysis
407 Followers
PKG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$127.11 - $191.39
Previous Close$177.57
Volume37.22K
Average Volume (3M)581.80K
Market Cap
$16.01B
Enterprise Value$17.98B
Total Cash (Recent Filing)$1.14B
Total Debt (Recent Filing)$3.17B
Price to Earnings (P/E)22.2
Beta0.80
Next Earnings
Jul 23, 2024EPS Estimate
$2.1Last Dividend Ex-Date
Jun 14, 2024Dividend Yield2.81%
Share Statistics
EPS (TTM)8.00
Shares Outstanding89,797,979
10 Day Avg. Volume463,786
30 Day Avg. Volume581,803
Standard Deviation0.07
R-Squared0.34
Alpha0.00768
Financial Highlights & Ratios
Price to Book (P/B)5.79
Price to Sales (P/S)2.11
Price to Cash Flow (P/CF)12.30
P/FCF Ratio20.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.30
Enterprise Value/Gross Profit10.58
Enterprise Value/Ebitda22.85
Forecast
1Y Price Target
$193.60Price Target Upside8.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Packaging News
PremiumCompany Announcements
Packaging Corporation Streamlines Leadership and Approves Incentives
PremiumMarket News
SPY ETF Update, 5/9/2024 
PremiumMarket News
SPY ETF Update, 5/7/2024 
PremiumMarket News
SPY ETF Update, 5/3/2024 Bulls Say, Bears Say
Bulls Say
Industry DemandPackaging Corp. expects continued strong demand for containerboard and corrugated products.
Market PositionPKG stands to outperform peers, many of whom are undergoing transatlantic mega mergers.
Volume GrowthPKG's Q1 2024 volumes increased 11% on a same-structure basis.
Bears Say
CostsHigher rail rates along with a higher tax rate are expected to partially offset lower operating, converting, and maintenance costs.
PricingPrices in Paper are expected to be lower given declines in index pricing earlier in the year.
RevenueRevenue per ton was lower despite good operational performance.
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Ownership Overview
17.28% Insiders
29.42% Mutual Funds
28.53% Other Institutional Investors
24.77% 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 $127.11 and its highest was $191.39 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 23, 2024 which is in 15 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 2.81%. 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 -4.689%.
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 10M.
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Packaging Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$193.60 (8.57% Upside)
$193.60 (8.57% Upside)
Blogger Sentiment
Bullish
PKG Sentiment 60%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 2.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $54.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.8%
Last 30 Days ▲ 7.3%
Last 30 Days ▲ 7.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
40.64%
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
$193.60
▲(8.57% Upside)
Technical Analysis
Best Analysts Covering PKG
1 Year
1 Year Success Rate
12/15 ratings generated profit
1 Year Average Return
+17.87%
reiterated a buy rating last month
Copying Michael Roxland's trades and holding each position for 1 Year would result in 80.00% of your transactions generating a profit, with an average return of +17.87% per trade.
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