On Friday, research analysts at Jefferies Financial Group reportedly revised their rating for Packaging Co. of America (NYSE: PKG) from a “hold” one to an “underperform” one. The Fly reported this. This material was delivered to customers and investors and was included in a research note that contained the memo. A sizeable number of research analysts have developed an interest in PKG due to recent events. In a report issued on July 27, Truist Financial lowered their “outperform” rating for Packaging Co. of America shares to $175.00 and lowered their target price for those shares to $175.00. Citigroup upgraded Packaging Co. of America from a “neutral” rating to an “overweight” rating in a research report released on Wednesday, July 27. In the same report, they boosted their price target for the stock from $140.00 to $147.0. Wells Fargo & Company downgraded Packaging Co. of America from “equal weight” to “underperform” in a research report released on Monday, July 18.
Additionally, the firm decreased its target objective for the company from $162.00 to $154.00. The price objective for a share of Packaging Co. of America was lowered from $158,000 to $144,000.00 in a research note disseminated by Deutsche Bank Aktiengesellschaft on Tuesday, July 19. This modification was brought about as a direct result of Packaging Co. of America setting a lower target price for its products. There have been a total of three research analysts who have recommended buying the stock, four research analysts who have recommended keeping it in one’s portfolio, and one research analyst who has classified it as a sell. The information gathered on Bloomberg.com suggests that the general sentiment regarding the company is “Hold” and that the price objective for the stock is currently set at $158.14 per share. When trading started on Friday, PKG was valued at $132.68. The average annual price range for Packaging Co. of America is $168.50, with no significant swings either way.
The stock’s current price is $139.21 and $148.11 higher than its simple 50-day and 200-day moving averages, respectively, as of the time of this writing. We can see that the debt-to-equity ratio is 0.63, the quick ratio is 2.09, and the current ratio is 3.07 in this illustration. The stock has a price-to-earnings ratio of 12.27, a price-to-earnings-to-growth ratio of 2.30, and a beta value of 0.77. These ratios measure how expensive the stock is about its earnings. The total value of the corporation, as measured by its market capitalization, is $12.44 billion.
The most recent earnings report for Packaging Company of America, which is traded on the New York Stock Exchange under the ticker symbol “PKG,” was made public on July 25. Earnings per share for the industrial goods business came in at $3.23 for the quarter, which was $0.38 higher than the consensus estimate of $2.85 among experts. The company reported a total of $2.24 billion in revenue for the period, which is significantly more than the consensus expectation for the time, which was $2.14 billion in sales.
At the end of the fiscal year, Packaging Company of America had a net margin of 12.13 percent and a return on equity of 28.76 percent, respectively. Compared to the same quarter in the prior year, the current quarter’s revenue gain was 19.0% higher than the previous year’s. The company reported $2.17 per share earnings for the same quarter in the prior year’s financial statements. According to predictions made by industry professionals, Packaging Co. of America will bring in a profit of 11.5 cents per share during the current financial year.
Recently, several significant investors have modified their positions in the company in response to recent events. During the first three months of 2018, 2% more shares of Packaging Co. of America (PCA) were added to its holdings. After purchasing 64 shares of that company’s stock during the most recent fiscal quarter, Wealth Alliance has 3,282 shares of the industrial products firm. Each share of that company’s stock has a market value of $512,000.00. Greenleaf Trust boosted the proportion of Packaging Co. of America stock is owned by 4.7% over the year’s first three months. Following the purchase of 75 extra shares during the most recent quarter, Greenleaf Trust is now the owner of 1,675 shares of the stock held by the industrial goods company. The current market value of these shares puts their worth at $261,000.
Finally, the Banque Cantonale Vaudoise boosted the amount of Packaging Co. of America stock owned by 2.3% during the first three months of the year. Following purchasing an extra 76 shares during the most recent quarter, Banque Cantonale Vaudoise now possesses a total of 3,362 shares of the industrial products company. The value of these shares, as of the present moment, is $525,000. OmniStar Financial Group Inc.’s stake in Packaging Co. of America grew by 3.5% during the second quarter. The most recent purchase of 77 shares raised the total number of shares owned by OmniStar Financial Group Inc. in the industrial goods industry up to 2,280. The shares were acquired in the most recent transaction. A total value of $313,000 is associated with these shares, making the total value of these shares $313,000. In addition, during the second quarter, 180 Wealth Advisors LLC increased its investment in Packaging Co. of America by purchasing an additional 5.7% of the company’s shares. 180 Wealth Advisors LLC now has 1,456 shares of the industrial products company’s stock, valued at $202,000, following the acquisition of an additional 79 shares during the most recent quarter.
At the moment, financial institutions own 89.80% of the shares in the company.
The manufacturing and distribution of containerboard and corrugated packaging goods in the United States is the responsibility of Packaging Corporation of America (PCA). The paper market and the packaging sector are this particular business’s primary areas of concentration. The packaging company provides customers with a wide variety of corrugated and containerboard packaging materials, such as packaging for meat, fresh produce, processed foods, drinks, and a variety of other consumer and industrial items. In addition, it offers honeycomb protective packaging materials, multicolored boxes and displays for packaged goods sold in retail settings, and wrapping for traditional shipping containers that are used to protect and transport produced goods. All of these products can be purchased from the company.