Packaging Corporation of Americ which can be found using ticker (PKG) have now 9 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 165 and 106 calculating the mean target price we have $133.01. Now with the previous closing price of $142.19 this would imply there is a potential downside of -6.5%. Also worth taking note is the 50 day moving average now sits at $137.76 and the 200 moving average now moves to $132.63. The company has a market cap of $12,800m. Find out more information at: https://www.packagingcorp.com
The potential market cap would be $11,974m based on the market consensus.
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and 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, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.
The company has a dividend yield of 3.52% with the ex dividend date set at 14-3-2023 (DMY).
Other points of data to note are a P/E ratio of 12.89, revenue per share of 91.85 and a 11.79% return on assets.
