Shares of Packaging Corp Of America (NYSE:PKG) have been given an average rating of “Hold” by the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $100.20.

A number of brokerages have recently weighed in on PKG. KeyCorp boosted their price objective on shares of SBA Communications from $215.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, July 15th. They noted that the move was a valuation call. Stephens set a $100.00 price objective on shares of Cullen/Frost Bankers and gave the company a “hold” rating in a report on Friday, April 26th. Bank of America lowered shares of Propetro from a “buy” rating to a “neutral” rating in a report on Tuesday, April 16th. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th.

Large investors have recently bought and sold shares of the business. Comerica Securities Inc. grew its holdings in shares of Packaging Corp Of America by 12.0% during the 4th quarter. Comerica Securities Inc. now owns 9,116 shares of the industrial products company’s stock worth $768,000 after purchasing an additional 976 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Packaging Corp Of America by 12.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 9,874 shares of the industrial products company’s stock worth $824,000 after buying an additional 1,087 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Packaging Corp Of America by 20.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 842,218 shares of the industrial products company’s stock worth $70,288,000 after buying an additional 145,624 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Packaging Corp Of America by 38.4% during the 4th quarter. Brown Advisory Inc. now owns 3,087 shares of the industrial products company’s stock worth $258,000 after buying an additional 856 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Packaging Corp Of America by 3.0% during the 4th quarter. California State Teachers Retirement System now owns 155,563 shares of the industrial products company’s stock worth $12,983,000 after buying an additional 4,492 shares during the last quarter. 88.85% of the stock is currently owned by institutional investors.

NYSE PKG traded up $1.56 on Tuesday, hitting $99.90. The stock had a trading volume of 890,101 shares, compared to its average volume of 1,529,004. The business has a fifty day moving average of $95.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.93 and a current ratio of 3.05. Packaging Corp Of America has a 52-week low of $77.90 and a 52-week high of $118.88. The company has a market capitalization of $9.44 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 2.48 and a beta of 1.72.

Packaging Corp Of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.02. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. Packaging Corp Of America had a net margin of 11.12% and a return on equity of 30.86%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 earnings per share. On average, analysts predict that Packaging Corp Of America will post 8.04 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 14th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, June 13th. Packaging Corp Of America’s payout ratio is 39.35%.

About Packaging Corp Of America

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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Analyst Recommendations for Packaging Corp Of America (NYSE:PKG)

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