Packaging Co. of America (NYSE:PKG) Receives $237.80 Consensus Price Target from Brokerages

Shares of Packaging Co. of America (NYSE:PKG - Get Free Report) have received an average recommendation of "Buy" from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $237.80.

PKG has been the topic of several analyst reports. Seaport Res Ptn upgraded Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Wells Fargo & Company decreased their target price on shares of Packaging Co. of America from $236.00 to $209.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Truist Financial reiterated a "buy" rating and issued a $265.00 price target (down previously from $282.00) on shares of Packaging Co. of America in a research note on Thursday, January 30th. StockNews.com lowered shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Finally, Citigroup boosted their price target on Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th.

Institutional Investors Weigh In On Packaging Co. of America

A number of hedge funds and other institutional investors have recently modified their holdings of PKG. Fortitude Family Office LLC raised its stake in Packaging Co. of America by 150.8% in the 4th quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company's stock worth $37,000 after purchasing an additional 98 shares in the last quarter. Centricity Wealth Management LLC bought a new position in shares of Packaging Co. of America during the fourth quarter worth approximately $44,000. Lazard Asset Management LLC raised its position in shares of Packaging Co. of America by 1,033.3% in the fourth quarter. Lazard Asset Management LLC now owns 204 shares of the industrial products company's stock valued at $45,000 after buying an additional 186 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Packaging Co. of America in the fourth quarter valued at approximately $48,000. Finally, Rialto Wealth Management LLC acquired a new stake in Packaging Co. of America during the fourth quarter worth approximately $63,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Co. of America Stock Down 2.7 %

Shares of NYSE:PKG traded down $5.11 during midday trading on Friday, reaching $182.08. 851,425 shares of the company were exchanged, compared to its average volume of 692,290. The firm has a market cap of $16.37 billion, a PE ratio of 20.39, a P/E/G ratio of 2.41 and a beta of 0.84. Packaging Co. of America has a fifty-two week low of $169.00 and a fifty-two week high of $250.82. The stock has a fifty day simple moving average of $198.12 and a two-hundred day simple moving average of $218.97. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58.

Packaging Co. of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $2.47 EPS for the quarter, missing analysts' consensus estimates of $2.51 by ($0.04). Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. As a group, sell-side analysts forecast that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were paid a $1.25 dividend. The ex-dividend date was Friday, March 14th. This represents a $5.00 annualized dividend and a yield of 2.75%. Packaging Co. of America's dividend payout ratio (DPR) is presently 55.99%.

Packaging Co. of America Company Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.