Packaging Corp Of America (PKG) Receives Daily Coverage Optimism Rating of 0.20
Headlines about Packaging Corp Of America (NYSE:PKG) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Packaging Corp Of America earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.2158903223568 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
NYSE PKG opened at $111.91 on Friday. The firm has a market cap of $10.54 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.69 and a beta of 1.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.73 and a quick ratio of 1.67. Packaging Corp Of America has a twelve month low of $107.39 and a twelve month high of $131.13.
Packaging Corp Of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.11. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Packaging Corp Of America had a return on equity of 28.48% and a net margin of 10.83%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 EPS. equities analysts expect that Packaging Corp Of America will post 7.9 earnings per share for the current year.
A number of analysts have issued reports on the company. Zacks Investment Research raised Packaging Corp Of America from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Tuesday, June 26th. Citigroup raised their target price on Packaging Corp Of America from $121.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, July 30th. ValuEngine raised Packaging Corp Of America from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Barclays cut their target price on Packaging Corp Of America from $125.00 to $120.00 and set an “equal weight” rating for the company in a research note on Monday, July 30th. Finally, Stephens reaffirmed a “buy” rating on shares of Packaging Corp Of America in a research note on Thursday, July 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Packaging Corp Of America currently has an average rating of “Hold” and an average price target of $130.22.
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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