Shares of Packaging Corporation of America (NYSE:PKG) have been assigned an average rating of “Buy” from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $103.40.

Several research firms have commented on PKG. Barclays PLC dropped their target price on shares of Packaging Corporation of America from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Monday, May 1st. Deutsche Bank AG lifted their target price on shares of Packaging Corporation of America from $91.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, April 25th. ValuEngine raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, BidaskClub raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd.

Several large investors have recently bought and sold shares of PKG. Southeast Asset Advisors Inc. boosted its stake in Packaging Corporation of America by 0.3% in the second quarter. Southeast Asset Advisors Inc. now owns 4,560 shares of the industrial products company’s stock worth $508,000 after buying an additional 12 shares during the period. First Manhattan Co. boosted its stake in Packaging Corporation of America by 0.4% in the first quarter. First Manhattan Co. now owns 5,550 shares of the industrial products company’s stock worth $450,000 after buying an additional 21 shares during the period. Van ECK Associates Corp boosted its stake in Packaging Corporation of America by 1.5% in the second quarter. Van ECK Associates Corp now owns 2,302 shares of the industrial products company’s stock worth $256,000 after buying an additional 34 shares during the period. Advisor Partners LLC boosted its stake in Packaging Corporation of America by 1.2% in the second quarter. Advisor Partners LLC now owns 3,170 shares of the industrial products company’s stock worth $353,000 after buying an additional 39 shares during the period. Finally, Somerset Trust Co boosted its stake in Packaging Corporation of America by 0.4% in the second quarter. Somerset Trust Co now owns 12,154 shares of the industrial products company’s stock worth $1,353,000 after buying an additional 51 shares during the period. 88.92% of the stock is currently owned by institutional investors.

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Shares of Packaging Corporation of America (NYSE:PKG) traded up 0.15% during trading on Tuesday, reaching $109.29. The company’s stock had a trading volume of 794,207 shares. Packaging Corporation of America has a 12 month low of $74.95 and a 12 month high of $114.31. The firm has a market cap of $10.24 billion, a PE ratio of 21.06 and a beta of 1.86. The stock’s 50 day moving average price is $110.56 and its 200-day moving average price is $100.33.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.05. Packaging Corporation of America had a net margin of 8.05% and a return on equity of 27.78%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the firm earned $1.25 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities analysts predict that Packaging Corporation of America will post $6.00 EPS for the current year.

Packaging Corporation of America Company Profile

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

Analyst Recommendations for Packaging Corporation of America (NYSE:PKG)

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