News articles about Packaging Corp Of America (NYSE:PKG) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Packaging Corp Of America earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.900044469013 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Packaging & Containers Stocks’ Research Reports Released on Packaging Corp. of America, Bemis, Graphic … – PR Newswire (press release) (prnewswire.com)
- Analysts Anticipate Packaging Corp Of America (PKG) Will Post Earnings of $1.51 Per Share (americanbankingnews.com)
- Nature’s Path packaging takes a bold new direction (packagingdigest.com)
- Packaging Corp Of America (PKG) Upgraded by ValuEngine to Buy (americanbankingnews.com)
Several equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Packaging Corp Of America from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine upgraded shares of Packaging Corp Of America from a “hold” rating to a “buy” rating in a report on Sunday. Stephens assumed coverage on shares of Packaging Corp Of America in a research note on Tuesday, October 24th. They set an “overweight” rating and a $130.00 price objective on the stock. Barclays raised their price objective on shares of Packaging Corp Of America from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, October 30th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Packaging Corp Of America in a research note on Sunday, October 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $117.36.
Shares of Packaging Corp Of America (NYSE PKG) traded up $2.10 during midday trading on Thursday, hitting $128.08. 1,065,451 shares of the stock were exchanged, compared to its average volume of 921,700. The firm has a market cap of $12,080.00, a PE ratio of 23.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.81. Packaging Corp Of America has a twelve month low of $84.68 and a twelve month high of $129.15. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 1.30.
Packaging Corp Of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.64 billion. Packaging Corp Of America had a return on equity of 29.38% and a net margin of 8.18%. Packaging Corp Of America’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 EPS. equities analysts forecast that Packaging Corp Of America will post 5.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Tuesday, December 26th will be paid a $0.63 dividend. The ex-dividend date is Friday, December 22nd. This represents a $2.52 dividend on an annualized basis and a yield of 1.97%. Packaging Corp Of America’s dividend payout ratio is currently 46.67%.
In related news, SVP Thomas W.H. Walton sold 6,027 shares of Packaging Corp Of America stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $116.15, for a total value of $700,036.05. Following the sale, the senior vice president now owns 32,690 shares of the company’s stock, valued at approximately $3,796,943.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Charles J. Carter sold 6,150 shares of Packaging Corp Of America stock in a transaction on Friday, October 27th. The shares were sold at an average price of $117.04, for a total transaction of $719,796.00. Following the completion of the sale, the senior vice president now directly owns 24,265 shares in the company, valued at approximately $2,839,975.60. The disclosure for this sale can be found here. Insiders sold a total of 67,177 shares of company stock worth $1,427,532 in the last three months. 1.20% of the stock is owned by corporate insiders.
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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.
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