Packaging Corp Of America (NYSE:PKG) has been given an average recommendation of “Hold” by the fourteen analysts that are covering the firm. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $90.64.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Packaging Corp Of America from a “buy” rating to a “hold” rating in a research note on Thursday, January 12th. Barclays PLC lowered shares of Packaging Corp Of America from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $92.00 to $90.00 in a research note on Monday, February 6th. Jefferies Group LLC boosted their target price on shares of Packaging Corp Of America from $97.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. DA Davidson lowered shares of Packaging Corp Of America from a “buy” rating to a “neutral” rating and set a $96.00 target price for the company. in a research note on Tuesday, January 31st. They noted that the move was a valuation call. Finally, BMO Capital Markets raised shares of Packaging Corp Of America from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research note on Wednesday, January 25th.

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Packaging Corp Of America (NYSE:PKG) opened at 94.41 on Tuesday. The stock has a market capitalization of $8.82 billion, a PE ratio of 19.88 and a beta of 1.84. The stock’s 50 day moving average is $93.59 and its 200-day moving average is $86.24. Packaging Corp Of America has a 52 week low of $56.45 and a 52 week high of $96.87.

Packaging Corp Of America (NYSE:PKG) last posted its earnings results on Monday, January 30th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.08. The firm earned $1.50 billion during the quarter, compared to analyst estimates of $1.44 billion. Packaging Corp Of America had a net margin of 7.76% and a return on equity of 27.81%. Packaging Corp Of America’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 EPS. Equities research analysts forecast that Packaging Corp Of America will post $5.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Wednesday, March 15th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Monday, March 13th. Packaging Corp Of America’s dividend payout ratio is currently 53.05%.

Several hedge funds have recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Packaging Corp Of America during the fourth quarter worth $97,143,000. Norges Bank bought a new stake in shares of Packaging Corp Of America during the fourth quarter worth $76,763,000. Schroder Investment Management Group raised its stake in shares of Packaging Corp Of America by 55.5% in the third quarter. Schroder Investment Management Group now owns 1,494,572 shares of the company’s stock worth $121,450,000 after buying an additional 533,366 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of Packaging Corp Of America by 464.8% in the fourth quarter. Janus Capital Management LLC now owns 556,740 shares of the company’s stock worth $47,223,000 after buying an additional 458,159 shares in the last quarter. Finally, British Airways Pensions Investment Management Ltd bought a new stake in shares of Packaging Corp Of America during the third quarter worth $26,438,000. 85.38% of the stock is owned by institutional investors.

About Packaging Corp Of America

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.

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