Packaging Corp Of America (NYSE:PKG) – Research analysts at Seaport Global Securities cut their Q2 2019 earnings per share estimates for Packaging Corp Of America in a research note issued on Wednesday, January 9th. Seaport Global Securities analyst M. Weintraub now anticipates that the industrial products company will earn $2.14 per share for the quarter, down from their prior estimate of $2.20. Seaport Global Securities currently has a “Buy” rating and a $112.00 target price on the stock. Seaport Global Securities also issued estimates for Packaging Corp Of America’s Q3 2019 earnings at $2.31 EPS, Q4 2019 earnings at $2.13 EPS and FY2019 earnings at $8.50 EPS.

Several other research firms have also recently issued reports on PKG. Zacks Investment Research cut Packaging Corp Of America from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. BMO Capital Markets cut Packaging Corp Of America from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $130.00 to $108.00 in a report on Tuesday, October 9th. ValuEngine lowered Packaging Corp Of America from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Deutsche Bank set a $120.00 target price on Packaging Corp Of America and gave the company a “hold” rating in a research note on Monday, October 29th. Finally, Wells Fargo & Co reduced their target price on Packaging Corp Of America from $140.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $108.10.

NYSE PKG opened at $90.87 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.74 and a current ratio of 2.76. Packaging Corp Of America has a 12-month low of $77.90 and a 12-month high of $131.13. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.20 and a beta of 1.80.

Packaging Corp Of America (NYSE:PKG) last released its earnings results on Wednesday, October 24th. The industrial products company reported $2.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.08. Packaging Corp Of America had a return on equity of 29.96% and a net margin of 11.54%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.76 billion.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. acquired a new stake in Packaging Corp Of America in the 3rd quarter valued at $122,000. Flagship Harbor Advisors LLC acquired a new stake in Packaging Corp Of America in the 2nd quarter valued at $165,000. First Hawaiian Bank increased its holdings in Packaging Corp Of America by 5.2% in the 4th quarter. First Hawaiian Bank now owns 2,438 shares of the industrial products company’s stock valued at $203,000 after purchasing an additional 120 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in Packaging Corp Of America in the 2nd quarter valued at $220,000. Finally, Independent Advisor Alliance acquired a new stake in Packaging Corp Of America in the 3rd quarter valued at $226,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 17th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $3.16 annualized dividend and a yield of 3.48%. Packaging Corp Of America’s dividend payout ratio is currently 52.49%.

Packaging Corp Of America Company Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products.

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