Packaging Corp Of America (PKG) Receiving Somewhat Favorable News Coverage, Analysis Shows
News articles about Packaging Corp Of America (NYSE:PKG) have trended somewhat positive on Monday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news 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 daily sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.914498716857 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Can Packaging Corp of America Continue to Outperform in 2018? – Madison.com (host.madison.com)
- Packaging Corp Of America’s (PKG) “Market Perform” Rating Reiterated at Wells Fargo & Co (americanbankingnews.com)
- Stocks Have Overbought Momentum: Packaging Corporation of America (PKG) ,Catalyst Biosciences, Inc. (CBIO) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Technicals in Focus – Packaging Corporation of America (NYSE: PKG) – Alpha Beta Stock (alphabetastock.com)
A number of equities research analysts have recently issued reports on the company. Wells Fargo & Co restated a “market perform” rating and issued a $130.00 price target (up from $115.00) on shares of Packaging Corp Of America in a research report on Monday. Barclays upped their price objective on Packaging Corp Of America from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of Packaging Corp Of America in a report on Sunday, October 29th. Stephens started coverage on Packaging Corp Of America in a report on Tuesday, October 24th. They issued an “overweight” rating and a $130.00 price objective on the stock. Finally, ValuEngine upgraded Packaging Corp Of America from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $118.42.
Packaging Corp Of America (PKG) traded up $1.11 on Monday, reaching $129.58. The company had a trading volume of 593,244 shares, compared to its average volume of 806,260. Packaging Corp Of America has a 12-month low of $85.36 and a 12-month high of $130.19. The firm has a market capitalization of $12,230.00, a PE ratio of 24.00, a PEG ratio of 2.31 and a beta of 1.81. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 1.30.
Packaging Corp Of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). Packaging Corp Of America had a net margin of 8.18% and a return on equity of 29.38%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. equities analysts predict that Packaging Corp Of America will post 5.99 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, December 26th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, December 22nd. Packaging Corp Of America’s dividend payout ratio (DPR) is 46.67%.
In other Packaging Corp Of America news, SVP Thomas W.H. Walton sold 6,027 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $116.15, for a total transaction of $700,036.05. Following the transaction, the senior vice president now directly owns 32,690 shares in the company, valued at $3,796,943.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Charles J. Carter sold 6,150 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $117.04, for a total value of $719,796.00. Following the transaction, the senior vice president now owns 24,265 shares in the company, valued at $2,839,975.60. The disclosure for this sale can be found here. Insiders have sold 67,177 shares of company stock worth $1,427,532 over the last 90 days. 1.20% of the stock is owned by insiders.
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About Packaging Corp Of America
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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