Packaging Corp. of America (NYSE:PKG)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank AG in a report issued on Tuesday.

Several other brokerages also recently weighed in on PKG. BMO Capital Markets downgraded Packaging Corp. of America from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $89.00 to $50.00 in a report on Tuesday, November 15th. They noted that the move was a valuation call. Zacks Investment Research downgraded Packaging Corp. of America from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Jefferies Group reissued a “buy” rating and issued a $93.00 price target (down previously from $96.00) on shares of Packaging Corp. of America in a report on Friday, October 21st. Bank of America Corp. raised Packaging Corp. of America from a “neutral” rating to a “buy” rating and set a $92.00 price target for the company in a report on Tuesday, October 18th. Finally, Goldman Sachs Group Inc. initiated coverage on Packaging Corp. of America in a report on Thursday, September 22nd. They issued a “sell” rating and a $77.00 price target for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $79.54.

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

Shares of Packaging Corp. of America (NYSE:PKG) opened at 86.29 on Tuesday. Packaging Corp. of America has a 52-week low of $44.32 and a 52-week high of $87.75. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 18.54 and a beta of 1.88. The stock’s 50 day moving average is $82.18 and its 200 day moving average is $75.22.

Packaging Corp. of America (NYSE:PKG) last posted its earnings results on Wednesday, October 19th. The company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by $0.01. Packaging Corp. of America had a net margin of 7.77% and a return on equity of 27.24%. The company earned $1.48 billion during the quarter, compared to analysts’ expectations of $559.20 million. During the same quarter last year, the firm earned $1.26 EPS. Packaging Corp. of America’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts predict that Packaging Corp. of America will post $4.82 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of PKG. MSI Financial Services Inc boosted its stake in Packaging Corp. of America by 3.7% in the third quarter. MSI Financial Services Inc now owns 1,232 shares of the company’s stock worth $100,000 after buying an additional 44 shares during the period. Robecosam AG boosted its stake in Packaging Corp. of America by 75.0% in the third quarter. Robecosam AG now owns 1,400 shares of the company’s stock worth $112,000 after buying an additional 600 shares during the period. Seven Eight Capital LLC acquired a new stake in Packaging Corp. of America during the second quarter worth approximately $120,000. Barnett & Company Inc. acquired a new stake in Packaging Corp. of America during the first quarter worth approximately $131,000. Finally, Ropes Wealth Advisors LLC boosted its stake in Packaging Corp. of America by 2.7% in the second quarter. Ropes Wealth Advisors LLC now owns 2,097 shares of the company’s stock worth $140,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 86.63% of the company’s stock.

Packaging Corp. of America Company Profile

Packaging Corporation of America (PCA) is a producer of containerboard and corrugated packaging products, and uncoated free sheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Company operates over eight mills and approximately 90 corrugated products manufacturing plants.

5 Day Chart for NYSE:PKG

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