Press coverage about Packaging Corp Of America (NYSE:PKG) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Packaging Corp Of America earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 48.1256695356408 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Why Is Packaging Corporation (PKG) Up 7.7% Since Its Last Earnings Report? (finance.yahoo.com)
- Global Medical Device Packaging Market Growth Opportunities: 3M Company, Sonoco Products Company (marketwatch.com)
- Sachet Packaging Market Sachet Packaging Market to Reflect a Significant CAGR of 5.8% During 2017 – 2027 (industrytoday.co.uk)
- Packaging Co. of America (PKG) Expected to Announce Quarterly Sales of $1.72 Billion (americanbankingnews.com)
- Analysts Expect Packaging Co. of America (PKG) to Post $1.97 EPS (americanbankingnews.com)
Several research firms have recently weighed in on PKG. BMO Capital Markets reiterated a “buy” rating and set a $130.00 price objective on shares of Packaging Corp Of America in a research report on Thursday, January 25th. DA Davidson raised their price target on shares of Packaging Corp Of America to $135.00 and gave the stock a “positive” rating in a report on Thursday, February 1st. Wells Fargo & Co upgraded shares of Packaging Corp Of America from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. Bank of America raised their price target on shares of Packaging Corp Of America from $134.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, KeyCorp restated a “hold” rating on shares of Packaging Corp Of America in a report on Friday, February 2nd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Packaging Corp Of America presently has an average rating of “Buy” and a consensus price target of $128.92.
NYSE:PKG traded down $2.00 during trading hours on Friday, reaching $119.87. The company had a trading volume of 1,014,111 shares, compared to its average volume of 795,557. Packaging Corp Of America has a twelve month low of $101.41 and a twelve month high of $131.13. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.85 and a beta of 1.81. The company has a current ratio of 2.72, a quick ratio of 1.58 and a debt-to-equity ratio of 1.10.
Packaging Corp Of America (NYSE:PKG) last released its quarterly earnings data on Tuesday, April 24th. The industrial products company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Packaging Corp Of America had a net margin of 10.48% and a return on equity of 28.10%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm earned $1.27 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. equities analysts predict that Packaging Corp Of America will post 7.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 15th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.64%. This is a positive change from Packaging Corp Of America’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Thursday, June 14th. Packaging Corp Of America’s dividend payout ratio (DPR) is 41.86%.
Packaging Corp Of America Company Profile
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various 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.
Receive News & Ratings for Packaging Corp Of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Packaging Corp Of America and related companies with MarketBeat.com's FREE daily email newsletter.