Packaging Corp of America
About: Packaging Corp. of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4.5 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. PCA differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.
Employees: 14,900
0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more call options, than puts
Call options by funds: $50.6M | Put options by funds: $25.2M
48% more first-time investments, than exits
New positions opened: 114 | Existing positions closed: 77
40% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 7 (+2) [Q3]
15% more capital invested
Capital invested by funds: $14.9B [Q2] → $17.1B (+$2.22B) [Q3]
5% more funds holding
Funds holding: 758 [Q2] → 795 (+37) [Q3]
0% more repeat investments, than reductions
Existing positions increased: 276 | Existing positions reduced: 275
2.1% less ownership
Funds ownership: 90.8% [Q2] → 88.71% (-2.1%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$221
10%
downside
Avg. target
$241
1%
downside
High target
$253
4%
upside
5 analyst ratings
4 positive
80%
1 neutral
20%
0 negative
0%
Truist Securities Michael Roxland 79% 1-year accuracy 22 / 28 met price target | 3%upside $252 | Buy Reiterated | 24 Oct 2024 |
Wells Fargo Gabe Hajde 62% 1-year accuracy 13 / 21 met price target | 4%upside $253 | Overweight Maintained | 24 Oct 2024 |
Truist Securities Michael Roxland 79% 1-year accuracy 22 / 28 met price target | 1%downside $242 | Buy Maintained | 15 Oct 2024 |
Wells Fargo Gabe Hajde 62% 1-year accuracy 13 / 21 met price target | 4%downside $235 | Overweight Maintained | 7 Oct 2024 |
Citigroup Anthony Pettinari 0 / 0 met price target | 10%downside $221 | Neutral Maintained | 2 Oct 2024 |
Financial journalist opinion
Based on 4 articles about PKG published over the past 30 days
Negative
Benzinga
4 days ago
Top 3 Materials Stocks That May Keep You Up At Night This Quarter
As of Nov. 29, 2024, three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Positive
Zacks Investment Research
1 week ago
Packaging Corp. (PKG) Upgraded to Strong Buy: Here's What You Should Know
Packaging Corp. (PKG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Positive
Zacks Investment Research
1 week ago
New Strong Buy Stocks for November 22nd
SNEX, PKG, APAM, MNDY and FLGT have been added to the Zacks Rank #1 (Strong Buy) List on November 22, 2024.
Neutral
Zacks Investment Research
2 weeks ago
3 Packaging Stocks to Keep an Eye on Despite Industry Challenges
Low consumer spending dampens the near-term prospects for the Zacks Containers - Paper and Packaging industry. However, PKG, ATR and SEE seem poised to tackle the challenges.
Positive
Zacks Investment Research
1 month ago
Packaging Corp. (PKG) Is Up 1.00% in One Week: What You Should Know
Does Packaging Corp. (PKG) have what it takes to be a top stock pick for momentum investors? Let's find out.
Positive
Zacks Investment Research
1 month ago
Packaging Corporation of America (PKG) Hit a 52 Week High, Can the Run Continue?
Packaging Corp. (PKG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Positive
Zacks Investment Research
1 month ago
Packaging Corp Q3 Earnings Beat, Sales Rise Y/Y on Higher Volumes
PKG's Q3 top line reflects the impacts of higher volume in both segments, partially offset by lower prices and mix in the Paper segment.
Neutral
Seeking Alpha
1 month ago
Packaging Corporation of America (PKG) Q3 2024 Earnings Call Transcript
Packaging Corporation of America (NYSE:PKG ) Q3 2024 Earnings Call Transcript October 23, 2024 9:00 AM ET Company Participants Mark Kowlzan - Chairman and Chief Executive Officer Tom Hassfurther - Executive Vice President, Corrugated Products Bob Mundy - Executive Vice President and Chief Financial Officer Conference Call Participants George Staphos - Bank of America Securities Mike Roxland - Truist Securities Gabe Hajde - Wells Fargo Mark Weintraub - Seaport Research Partners Philip Ng - Jeffries Anthony Pettinari - Citi Charlie Sands - BNP Paribas Ryan Fox - Bloomberg Operator Good morning, everyone. Thank you for joining Packaging Corporation of America's Third Quarter 2024 Earnings Results Conference Call.
Neutral
Zacks Investment Research
1 month ago
Packaging Corp. (PKG) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Packaging Corp. (PKG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Packaging Corp. (PKG) Surpasses Q3 Earnings and Revenue Estimates
Packaging Corp. (PKG) came out with quarterly earnings of $2.65 per share, beating the Zacks Consensus Estimate of $2.48 per share. This compares to earnings of $2.05 per share a year ago.
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