News articles about Packaging Corporation of America (NYSE:PKG) have been trending positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Packaging Corporation of America earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.4419373495189 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Q4 2017 EPS Estimates for Packaging Corporation of America Lowered by Jefferies Group (NYSE:PKG) (americanbankingnews.com)
- Delving Into The Numbers For Packaging Corp of America (PKG) – Evergreen Caller (evergreencaller.com)
- Packaging Corp Of America (NYSE:PKG) Institutional Investor Sentiment (healthcaremenu.net)
- Packaging Corp Of America (NYSE:PKG) Quarterly Sentiment Report (ismboard.com)
- The Packaging Corporation of America (PKG) Stock Rating Upgraded by ValuEngine (hoyentv.com)
A number of analysts have recently weighed in on PKG shares. Citigroup Inc. increased their price objective on Packaging Corporation of America from $106.00 to $112.00 and gave the company a “neutral” rating in a research note on Friday, April 14th. BMO Capital Markets reissued a “buy” rating and set a $104.00 price objective (up previously from $100.00) on shares of Packaging Corporation of America in a research note on Monday, May 1st. Jefferies Group LLC reissued a “buy” rating and set a $107.00 price objective on shares of Packaging Corporation of America in a research note on Wednesday, April 12th. Deutsche Bank AG increased their price objective on Packaging Corporation of America from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, April 25th. Finally, ValuEngine raised Packaging Corporation of America from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Packaging Corporation of America has an average rating of “Hold” and an average price target of $100.33.
Shares of Packaging Corporation of America (NYSE PKG) traded down 0.24% during mid-day trading on Monday, reaching $112.84. The company had a trading volume of 518,387 shares. The firm has a 50-day moving average price of $104.68 and a 200-day moving average price of $95.10. Packaging Corporation of America has a 1-year low of $72.33 and a 1-year high of $114.31. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 23.02 and a beta of 1.88.
Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.03. Packaging Corporation of America had a return on equity of 27.29% and a net margin of 7.81%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business earned $1.11 EPS. Packaging Corporation of America’s revenue was up 9.7% compared to the same quarter last year. Equities analysts expect that Packaging Corporation of America will post $5.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Tuesday, June 13th. Packaging Corporation of America’s payout ratio is currently 51.43%.
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About Packaging Corporation 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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