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

  • 2/12/2018 – Packaging Corp Of America was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating.
  • 2/2/2018 – Packaging Corp Of America had its “hold” rating reaffirmed by analysts at KeyCorp. They wrote, “We are reducing our 2018 and 2019 EBITDA estimates following the Company’s 1Q18 guidance, but increasing our EPS estimates to reflect tax benefits.””
  • 2/1/2018 – Packaging Corp Of America had its price target raised by analysts at Bank of America Corp from $134.00 to $138.00. They now have a “buy” rating on the stock.
  • 2/1/2018 – Packaging Corp Of America had its price target raised by analysts at Wells Fargo & Co from $130.00 to $150.00. They now have a “market perform” rating on the stock.
  • 2/1/2018 – Packaging Corp Of America had its price target raised by analysts at DA Davidson to $135.00. They now have a “positive” rating on the stock.
  • 1/31/2018 – Packaging Corp Of America was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating.
  • 1/25/2018 – Packaging Corp Of America had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $130.00 price target on the stock.
  • 1/10/2018 – Packaging Corp Of America was given a new $136.00 price target on by analysts at Stephens. They now have a “buy” rating on the stock.
  • 1/9/2018 – Packaging Corp Of America was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Packaging Corporation’s fourth-quarter 2017 earnings will bear the impact of elevated annual outage costs. Escalating wood and energy costs, higher prices for certain key chemicals and rising freight costs also remain headwinds. Further, the fourth quarter will witness seasonally lower volumes as well as a seasonally less rich mix in corrugated products. However, Packaging Corporation expects packaging segment demand to remain strong in the fourth-quarter compared to the third quarter of 2017. The company will also gain from the Sacramento Container acquisition. Growth in the e-commerce and progress in DeRidder mill will also drive growth. Moreover, Packaging Corporation outperformed the industry it belongs to over the past year.”
  • 1/8/2018 – Packaging Corp Of America had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $130.00 price target on the stock, up previously from $115.00.
  • 1/2/2018 – Packaging Corp Of America was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Packaging Corporation’s fourth-quarter 2017 earnings will bear the impact of elevated annual outage costs. Escalating wood and energy costs, higher prices for certain key chemicals and rising freight costs also remain headwinds. The company also stated that e-commerce clearly has an impact in OCC collection. Further, the fourth quarter will witness seasonally lower volumes as well as a seasonally less rich mix in corrugated products. Moreover, Packaging Corporation underperformed the industry it belongs to over the past three months.”
  • 12/31/2017 – Packaging Corp Of America was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/26/2017 – Packaging Corp Of America was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Packaging Corporation’s fourth-quarter 2017 earnings will bear the impact of elevated annual outage costs. Escalating wood and energy costs, higher prices for certain key chemicals and rising freight costs also remain headwinds. Further, the fourth quarter will witness seasonally lower volumes as well as a seasonally less rich mix in corrugated products. However, Packaging Corporation expects packaging segment demand to remain strong in the fourth-quarter compared to the third quarter of 2017. The company will also gain from the Sacramento Container acquisition. Growth in the e-commerce and progress in DeRidder mill will also drive growth. Moreover, Packaging Corporation outperformed the industry it belongs to over the past year.”
  • 12/19/2017 – Packaging Corp Of America was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Packaging Corporation’s fourth-quarter 2017 earnings will bear the impact of elevated annual outage costs. Escalating wood and energy costs, higher prices for certain key chemicals and rising freight costs also remain headwinds. The company also stated that e-commerce clearly has an impact in OCC collection. Further, the fourth quarter will witness seasonally lower volumes as well as a seasonally less rich mix in corrugated products. Moreover, Packaging Corporation underperformed the industry it belongs to over the past three months.”

Packaging Corp Of America (NYSE PKG) opened at $113.76 on Monday. The firm has a market capitalization of $10,730.00, a PE ratio of 16.07, a P/E/G ratio of 1.81 and a beta of 1.84. Packaging Corp Of America has a 12 month low of $88.47 and a 12 month high of $131.13. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.45 and a quick ratio of 1.49.

Packaging Corp Of America (NYSE:PKG) last released its earnings results on Tuesday, January 30th. The industrial products company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the business posted $1.23 EPS. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. analysts expect that Packaging Corp Of America will post 7.56 earnings per share for the current fiscal year.

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.

Receive News & Ratings for Packaging Corp Of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Packaging Corp Of America and related companies with MarketBeat.com's FREE daily email newsletter.