Packaging Co. of America (NYSE:PKG) PT Raised to $135.00

Packaging Co. of America (NYSE:PKG) had its price target boosted by equities research analysts at Deutsche Bank Aktiengesellschaft from $128.00 to $135.00 in a research report issued to clients and investors on Monday, The Fly reports. The brokerage currently has a “hold” rating on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential downside of 4.13% from the company’s current price.

A number of other equities analysts have also weighed in on the company. BMO Capital Markets lowered Packaging Co. of America from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $144.00 to $134.00 in a research note on Tuesday, January 12th. Argus increased their price objective on Packaging Co. of America from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, January 8th. Zacks Investment Research lowered Packaging Co. of America from a “buy” rating to a “hold” rating and set a $143.00 price objective on the stock. in a research report on Tuesday, January 5th. Morgan Stanley increased their price objective on Packaging Co. of America from $126.00 to $131.00 and gave the company an “equal weight” rating in a research report on Monday, February 1st. Finally, Jefferies Financial Group began coverage on Packaging Co. of America in a research report on Tuesday, January 5th. They set a “hold” rating and a $130.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $134.20.

Shares of PKG opened at $140.81 on Monday. The stock’s 50-day simple moving average is $136.14 and its 200 day simple moving average is $131.92. The stock has a market capitalization of $13.38 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 4.14 and a beta of 1.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.54 and a current ratio of 3.54. Packaging Co. of America has a 52-week low of $84.04 and a 52-week high of $148.14.

Packaging Co. of America (NYSE:PKG) last issued its quarterly earnings data on Tuesday, January 26th. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.09). The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Packaging Co. of America had a return on equity of 18.67% and a net margin of 7.11%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the company posted $1.71 EPS. On average, research analysts forecast that Packaging Co. of America will post 5.84 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Partners LLC lifted its stake in shares of Packaging Co. of America by 1.4% in the 3rd quarter. Advisor Partners LLC now owns 5,870 shares of the industrial products company’s stock valued at $640,000 after purchasing an additional 79 shares during the period. Dumont & Blake Investment Advisors LLC lifted its stake in shares of Packaging Co. of America by 4.3% in the 4th quarter. Dumont & Blake Investment Advisors LLC now owns 1,920 shares of the industrial products company’s stock valued at $265,000 after purchasing an additional 80 shares during the period. IFP Advisors Inc lifted its stake in shares of Packaging Co. of America by 7.9% in the 4th quarter. IFP Advisors Inc now owns 1,151 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 84 shares during the period. Arrow Financial Corp lifted its stake in shares of Packaging Co. of America by 13.6% in the 4th quarter. Arrow Financial Corp now owns 710 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 85 shares during the period. Finally, Private Capital Group LLC lifted its stake in shares of Packaging Co. of America by 12.8% in the 4th quarter. Private Capital Group LLC now owns 768 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 87 shares during the period. Institutional investors own 88.40% of the company’s stock.

Packaging Co. of America Company Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. 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.

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Analyst Recommendations for Packaging Co. of America (NYSE:PKG)

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