Favorable News Coverage Somewhat Unlikely to Affect Packaging Corp Of America (PKG) Share Price
Press coverage about Packaging Corp Of America (NYSE:PKG) has trended positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Packaging Corp Of America earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.5598255154599 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Hot Stock’s Highlights – Packaging Corporation of America (NYSE: PKG) – Stocks Pen (stockspen.com)
- Free Post Earnings Research Report: Packaging Corp. of America’s … – Digital Journal (digitaljournal.com)
- DA Davidson: Packaging Corp. Of America Is Best-In-Class – Benzinga (benzinga.com)
- Packaging Corp Of America (PKG) Upgraded to “Buy” at DA Davidson (americanbankingnews.com)
A number of equities research analysts have recently issued reports on the company. Barclays upped their price objective on Packaging Corp Of America from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, February 12th. DA Davidson upgraded Packaging Corp Of America from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. KeyCorp reiterated a “hold” rating on shares of Packaging Corp Of America in a research note on Friday, February 2nd. Bank of America upped their price objective on Packaging Corp Of America from $134.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. 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 note on Thursday, February 1st. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $128.00.
Packaging Corp Of America (NYSE:PKG) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.56 earnings per share 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 business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the business earned $1.23 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. analysts predict that Packaging Corp Of America will post 7.56 earnings per share for the current year.
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Packaging Corp Of America Company Profile
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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