Truist Financial Lowers Packaging Co. of America (NYSE:PKG) Price Target to $238.00

Packaging Co. of America (NYSE:PKG - Get Free Report) had its price target dropped by investment analysts at Truist Financial from $265.00 to $238.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the industrial products company's stock. Truist Financial's target price would suggest a potential upside of 27.89% from the stock's current price.

Other equities analysts also recently issued reports about the company. Seaport Res Ptn upgraded Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Citigroup lifted their target price on shares of Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. Wells Fargo & Company cut their price target on shares of Packaging Co. of America from $236.00 to $209.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com lowered shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Sunday, April 6th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $231.60.

Packaging Co. of America Stock Down 1.4 %

Shares of Packaging Co. of America stock traded down $2.61 during trading on Tuesday, hitting $186.10. The company's stock had a trading volume of 116,233 shares, compared to its average volume of 960,913. Packaging Co. of America has a 52 week low of $171.65 and a 52 week high of $250.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95. The company has a fifty day simple moving average of $196.58 and a two-hundred day simple moving average of $218.34. The company has a market capitalization of $16.74 billion, a PE ratio of 20.84, a P/E/G ratio of 2.41 and a beta of 0.84.

Packaging Co. of America (NYSE:PKG - Get Free Report) last released its earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.10. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.12 billion. Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. Equities research analysts predict that Packaging Co. of America will post 10.44 earnings per share for the current year.

Institutional Trading of Packaging Co. of America

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Packaging Co. of America by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 11,423,715 shares of the industrial products company's stock valued at $2,571,821,000 after purchasing an additional 133,575 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Packaging Co. of America by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,069,949 shares of the industrial products company's stock valued at $691,138,000 after buying an additional 132,836 shares during the last quarter. Geode Capital Management LLC raised its position in Packaging Co. of America by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 2,366,723 shares of the industrial products company's stock worth $531,540,000 after acquiring an additional 29,427 shares during the period. Invesco Ltd. boosted its stake in shares of Packaging Co. of America by 0.8% during the 4th quarter. Invesco Ltd. now owns 1,853,092 shares of the industrial products company's stock worth $417,187,000 after acquiring an additional 14,775 shares during the last quarter. Finally, Boston Partners grew its position in shares of Packaging Co. of America by 7.0% during the 4th quarter. Boston Partners now owns 1,565,351 shares of the industrial products company's stock valued at $352,305,000 after acquiring an additional 101,755 shares during the period. Institutional investors own 89.78% of the company's stock.

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.