Packaging Co. of America (PKG) Stock Price, News & Analysis

Company Overview

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers various containerboard and 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, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through its sales and marketing organization. The Corporate and Other segment includes corporate support staff services and related assets and liabilities; and transportation assets, such as rail cars and trucks for transportation. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.

Key Stats

• Today's Range: $225.78 to $228.84
• 50-Day Range: $216.66 to $248.66
• 52-Week Range: $159.57 to $250.82
• Volume: 1.96 million shs
• Average Volume: 611,408 shs
• Market Capitalization: $20.47 billion
• P/E Ratio: 26.57
• Dividend Yield: 2.19%
• Price Target: $231.33
• Consensus Rating: Moderate Buy

Packaging Co. of America Stock Analysis - MarketRank™

Packaging Co. of America scored higher than 92% of companies evaluated by MarketBeat, and ranked 21st out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Packaging Co. of America has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Packaging Co. of America has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 22.82%

Earnings Growth

Earnings for Packaging Co. of America are expected to grow by 22.82% in the coming year, from $9.07 to $11.14 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Packaging Co. of America is 26.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Packaging Co. of America is 26.57, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Earnings Growth Ratio

Packaging Co. of America has a PEG Ratio of 3.34. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Packaging Co. of America has a P/B Ratio of 5.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.25% of the float of Packaging Co. of America has been sold short.

Short Interest Ratio / Days to Cover

Packaging Co. of America has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Packaging Co. of America has recently decreased by 13.39%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Packaging Co. of America pays a meaningful dividend of 2.18%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Packaging Co. of America has been increasing its dividend for 14 years.

Dividend Coverage

The dividend payout ratio of Packaging Co. of America is 58.28%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Packaging Co. of America will have a dividend payout ratio of 44.88% next year. This indicates that Packaging Co. of America will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.4 / 5
• Environmental Score: -1.50

Percentage of Shares Shorted

1.25% of the float of Packaging Co. of America has been sold short.

Short Interest Ratio / Days to Cover

Packaging Co. of America has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Packaging Co. of America has recently decreased by 13.39%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.04

News Sentiment

Packaging Co. of America has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for Packaging Co. of America this week, compared to 8 articles on an average week.

Search Interest

Only 6 people have searched for PKG on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

MarketBeat Follows

11 people have added Packaging Co. of America to their MarketBeat watchlist in the last 30 days. This is an increase of 120% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Packaging Co. of America insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,064,152.00 in company stock.

Percentage Held by Insiders

Only 1.60% of the stock of Packaging Co. of America is held by insiders.

Percentage Held by Institutions

89.78% of the stock of Packaging Co. of America is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PKG Stock Analysis - Frequently Asked Questions

How have PKG shares performed this year?

Packaging Co. of America's stock was trading at $162.91 at the beginning of the year. Since then, PKG stock has increased by 39.9% and is now trading at $227.98.
View the best growth stocks for 2024 here.

How were Packaging Co. of America's earnings last quarter?

Packaging Co. of America (NYSE:PKG) announced its quarterly earnings data on Tuesday, October, 22nd. The industrial products company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.50 by $0.15. The company's revenue was up 14.9% on a year-over-year basis.
Read the conference call transcript.

Does Packaging Co. of America have any subsidiaries?

Packaging Co. of America subsidiaries include these companies: Sacramento Container Corp., Columbus Container, TimBar Packaging & Display, Crockett Packaging, Boise, Colorado Container, Field Packaging Group, and more.

Who are Packaging Co. of America's major shareholders?

Top institutional investors of Packaging Co. of America include State Street Corp (4.40%), Charles Schwab Investment Management Inc. (3.27%), Geode Capital Management LLC (2.60%) and Victory Capital Management Inc. (2.37%). Insiders that own company stock include Thomas A Hassfurther, Kent A Pflederer, Robert P Mundy, Charles J Carter, Robert Andrew Schneider, Donald R Shirley, Bruce A Ridley, Joseph Vaughn, Paul T Stecko, Donna A Harman and Karen E Gowland.
View institutional ownership trends.

How do I buy shares of Packaging Co. of America?

Shares of PKG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Packaging Co. of America own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Packaging Co. of America investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 10/22/2024
• Ex-Dividend for 1/15 Dividend: 12/20/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025
• Next Earnings (Confirmed): 1/29/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Paperboard containers & boxes
• Sub-Industry: Paper Packaging
• Current Symbol: NYSE:PKG
• CUSIP: 69515610
• CIK: 75677
• Web: www.packagingcorp.com
• Phone: (847) 482-3000
• Fax: 847-482-4545
• Employees: 14,900
• Year Founded: 1959

Price Target and Rating

• Average Stock Price Target: $231.33
• High Stock Price Target: $280.00
• Low Stock Price Target: $182.00
• Potential Upside/Downside: +1.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $8.58
• Trailing P/E Ratio: 26.57
• Forward P/E Ratio: 25.14
• P/E Growth: 3.34
• Net Income: $765.20 million
• Net Margins: 9.46%
• Pretax Margin: 12.49%
• Return on Equity: 19.10%
• Return on Assets: 8.89%

Debt

• Debt-to-Equity Ratio: 0.58
• Current Ratio: 2.95
• Quick Ratio: 1.98

Sales & Book Value

• Annual Sales: $8.18 billion
• Price / Sales: 2.50
• Cash Flow: $13.94 per share
• Price / Cash Flow: 16.36
• Book Value: $44.60 per share
• Price / Book: 5.11

Miscellaneous

• Outstanding Shares: 89,805,000
• Free Float: 88,368,000
• Market Cap: $20.47 billion
• Optionable: Optionable
• Beta: 0.77