Shares of Packaging Corp Of America (NYSE:PKG) have been given a consensus rating of “Hold” by the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $117.73.

PKG has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Packaging Corp Of America from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. KeyCorp reissued a “hold” rating on shares of Packaging Corp Of America in a report on Wednesday, October 18th. Deutsche Bank reaffirmed a “hold” rating and set a $120.00 price target (up from $94.00) on shares of Packaging Corp Of America in a report on Monday, October 9th. Stephens began coverage on Packaging Corp Of America in a report on Tuesday, October 24th. They set an “overweight” rating and a $130.00 price target for the company. Finally, ValuEngine raised Packaging Corp Of America from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.

In other Packaging Corp Of America news, SVP Charles J. Carter sold 6,150 shares of Packaging Corp Of America stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $117.04, for a total value of $719,796.00. Following the completion of the sale, the senior vice president now owns 24,265 shares in the company, valued at approximately $2,839,975.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas W.H. Walton sold 6,027 shares of Packaging Corp Of America stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $116.15, for a total value of $700,036.05. Following the completion of the sale, the senior vice president now owns 32,690 shares of the company’s stock, valued at approximately $3,796,943.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,177 shares of company stock valued at $1,427,532. Company insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PKG. Franklin Resources Inc. lifted its position in Packaging Corp Of America by 26.2% in the 2nd quarter. Franklin Resources Inc. now owns 4,860 shares of the industrial products company’s stock valued at $541,000 after acquiring an additional 1,008 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Packaging Corp Of America by 14.3% in the 2nd quarter. Alliancebernstein L.P. now owns 97,417 shares of the industrial products company’s stock valued at $10,851,000 after purchasing an additional 12,222 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Packaging Corp Of America by 84.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,451 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 665 shares during the period. Teachers Advisors LLC boosted its holdings in Packaging Corp Of America by 0.5% in the 2nd quarter. Teachers Advisors LLC now owns 236,121 shares of the industrial products company’s stock valued at $26,302,000 after purchasing an additional 1,250 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in Packaging Corp Of America by 23.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 565,067 shares of the industrial products company’s stock valued at $62,943,000 after purchasing an additional 107,348 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of Packaging Corp Of America (NYSE:PKG) traded up $1.24 during mid-day trading on Friday, hitting $129.24. 365,200 shares of the stock traded hands, compared to its average volume of 733,963. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.49 and a current ratio of 2.45. The firm has a market cap of $12,190.00, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.81. Packaging Corp Of America has a 1 year low of $85.36 and a 1 year high of $130.19.

Packaging Corp Of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.01). Packaging Corp Of America had a net margin of 8.18% and a return on equity of 29.38%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm posted $1.30 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. analysts expect that Packaging Corp Of America will post 5.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, December 26th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, December 22nd. Packaging Corp Of America’s dividend payout ratio is currently 46.67%.

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About Packaging Corp Of America

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 Corp Of America (NYSE:PKG)

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