Packaging Co. of America (NYSE:PKG) Upgraded to "Strong-Buy" at Seaport Res Ptn

Packaging Co. of America (NYSE:PKG - Get Free Report) was upgraded by research analysts at Seaport Res Ptn from a "hold" rating to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

A number of other analysts have also recently weighed in on PKG. StockNews.com cut shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Jefferies Financial Group upgraded shares of Packaging Co. of America from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $215.00 to $280.00 in a report on Wednesday, December 18th. Wells Fargo & Company cut their price objective on shares of Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Truist Financial reiterated a "buy" rating and issued a $265.00 price objective (down previously from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Finally, Citigroup boosted their price objective 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. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $233.00.

Packaging Co. of America Stock Up 0.0 %

Packaging Co. of America stock traded up $0.10 during trading on Thursday, reaching $212.24. 497,090 shares of the company's stock were exchanged, compared to its average volume of 941,375. The company's 50-day moving average is $225.28 and its two-hundred day moving average is $221.79. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95. Packaging Co. of America has a 52-week low of $167.60 and a 52-week high of $250.82. The firm has a market cap of $19.06 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 2.44 and a beta of 0.77.

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

Insider Activity

In related news, SVP Joseph Vaughn sold 2,300 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $244.89, for a total transaction of $563,247.00. Following the completion of the sale, the senior vice president now owns 9,197 shares of the company's stock, valued at $2,252,253.33. This represents a 20.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul T. Stecko sold 10,500 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $244.91, for a total transaction of $2,571,555.00. Following the sale, the director now directly owns 8,881 shares of the company's stock, valued at approximately $2,175,045.71. This represents a 54.18 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Packaging Co. of America

Institutional investors have recently modified their holdings of the business. Larson Financial Group LLC grew its position in shares of Packaging Co. of America by 234.7% during the 3rd quarter. Larson Financial Group LLC now owns 164 shares of the industrial products company's stock valued at $35,000 after buying an additional 115 shares during the last quarter. Fortitude Family Office LLC grew its position in shares of Packaging Co. of America by 150.8% during the 4th quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company's stock valued at $37,000 after buying an additional 98 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Packaging Co. of America during the 4th quarter valued at about $44,000. Lazard Asset Management LLC grew its position in shares of Packaging Co. of America by 1,033.3% during the 4th 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 during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Packaging Co. of America in the 4th quarter worth about $48,000. 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.