Packaging Corporation of America (PKG)

NYSE: PKG · IEX Real-Time Price · USD
149.06
-1.43 (-0.95%)
May 20, 2022 4:04 PM EDT - Market closed
Market Cap13.97B
Revenue (ttm)8.06B
Net Income (ttm)928.70M
Shares Out93.70M
EPS (ttm)9.78
PE Ratio15.25
Forward PE13.77
Dividend$4.00 (2.68%)
Ex-Dividend DateJun 14, 2022
Volume874,147
Open152.06
Previous Close150.49
Day's Range146.84 - 152.27
52-Week Range124.78 - 168.50
Beta0.77
AnalystsBuy
Price Target171.87 (+15.3%)
Earnings DateApr 25, 2022

About PKG

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 ...

IndustryContainers & Packaging
IPO DateJan 27, 2000
CEOMark Kowlzan
Employees15,200
Stock ExchangeNYSE
Ticker SymbolPKG
Full Company Profile

Financial Performance

In 2021, PKG's revenue was $7.73 billion, an increase of 16.10% compared to the previous year's $6.66 billion. Earnings were $841.10 million, an increase of 82.45%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for PKG stock is "Buy." The 12-month stock price forecast is 171.87, which is an increase of 15.30% from the latest price.

Price Target
$171.87
(15.30% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Here is Why Growth Investors Should Buy Packaging Corp. (PKG) Now

Packaging Corp. (PKG) could produce exceptional returns because of its solid growth attributes.

20 hours ago - Zacks Investment Research

Are Industrial Products Stocks Lagging Packaging Corporation of America (PKG) This Year?

Here is how Packaging Corp. (PKG) and Twin Disc (TWIN) have performed compared to their sector so far this year.

23 hours ago - Zacks Investment Research

Packaging Corp (PKG) Announces a 25% Hike in Dividend Payout

Packaging Corp (PKG) plans to raise its quarterly cash dividend by 25% to $1.25 per share.

1 day ago - Zacks Investment Research

Best Momentum Stocks to Buy for May 19th

PKG, MNRL and SCSC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 19, 2022.

Other symbols:MNRLSCSC
1 day ago - Zacks Investment Research

New Strong Buy Stocks for May 19th

SBLK, OUT, SSB, PKG, and MNRL have been added to the Zacks Rank #1 (Strong Buy) List on May 19, 2022.

Other symbols:MNRLOUTSBLKSSB
2 days ago - Zacks Investment Research

Packaging Corporation of America Announces 25% Dividend Increase

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) announced today that it intends to increase the quarterly cash dividend on its common stock to an annual payout of $5.00 ...

2 days ago - Business Wire

Solid Data Confirms U.S. Economic Stability: 5 Top Picks

We have narrowed our search to five stocks either from retail or industrial product sectors that have strong potential for 2022. These are: KR, IEX, TGT, PKG and COST.

Other symbols:COSTIEXKRTGT
3 days ago - Zacks Investment Research

Reasons to Add Packaging Corp (PKG) Stock to Your Portfolio Now

Backed by solid demand and focus on acquisitions, Packaging Corp (PKG) stock holds the potential to reap benefits for investors.

3 days ago - Zacks Investment Research

Here's Why Packaging Corp. (PKG) is a Strong Value Stock

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

3 days ago - Zacks Investment Research

Wall Street Lacking Trigger to Rebound: Top 5 Safe Picks

We have narrowed our search to five low-beta stocks with a solid dividend yield. These are: CHRW, VST, PKG, WSO and AEE.

Other symbols:AEECHRWVSTWSO
1 week ago - Zacks Investment Research

GPK vs. PKG: Which Stock Should Value Investors Buy Now?

GPK vs. PKG: Which Stock Is the Better Value Option?

Other symbols:GPK
1 week ago - Zacks Investment Research

Top 5 Momentum Picks for May Despite Fed's Aggressive Stance

We have narrowed our search to five large-cap momentum stocks. These are: AR, CHRW, PKG, CSL and ADM.

Other symbols:ADMARCHRWCSL
2 weeks ago - Zacks Investment Research

Is Packaging Corporation of America (PKG) Stock Outpacing Its Industrial Products Peers This Year?

Here is how Packaging Corp. (PKG) and Sonoco (SON) have performed compared to their sector so far this year.

2 weeks ago - Zacks Investment Research

3 Reasons Why Packaging Corp. (PKG) Is a Great Growth Stock

Packaging Corp. (PKG) could produce exceptional returns because of its solid growth attributes.

3 weeks ago - Zacks Investment Research

Packaging Corp (PKG) Q1 Earnings & Sales Top Estimates, Up Y/Y

Packaging Corp (PKG) delivers impressive Q1 bottom-line results on higher volume and improved price and mix in the Packaging and Paper segment.

3 weeks ago - Zacks Investment Research

Packaging Corp. (PKG) Q1 Earnings and Revenues Surpass Estimates

Packaging Corp. (PKG) delivered earnings and revenue surprises of 7.51% and 3.40%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Packaging Corporation of America Reports First Quarter 2022 Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) today reported first quarter 2022 net income of $254 million, or $2.70 per share, and net income of $256 million, or $2.7...

3 weeks ago - Business Wire

Are You Looking for a Top Momentum Pick? Why Packaging Corp. (PKG) is a Great Choice

Does Packaging Corp. (PKG) have what it takes to be a top stock pick for momentum investors? Let's find out.

3 weeks ago - Zacks Investment Research

Best Momentum Stocks to Buy for April 21st

PKG, ADM, and CPSI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 21, 2022.

Other symbols:ADMCPSI
4 weeks ago - Zacks Investment Research

Best Income Stocks to Buy for April 21st

GIL, HOPE, and PKG made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 21, 2022.

Other symbols:GILHOPE
1 month ago - Zacks Investment Research

Factors Setting the Tone for Packaging Corp's (PKG) Q1 Earnings

Packaging Corp's (PKG) Q1 performance is likely to reflect benefits from solid packaging demand for consumer products and strong containerboard and corrugated products demand.

1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

Here's Why Packaging Corp. (PKG) is a Strong Growth Stock

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

1 month ago - Zacks Investment Research

GEF or PKG: Which Is the Better Value Stock Right Now?

GEF vs. PKG: Which Stock Is the Better Value Option?

Other symbols:GEF
1 month ago - Zacks Investment Research

Packaging Corp. (PKG) Upgraded to Strong Buy: Here's What You Should Know

Packaging Corp. (PKG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

1 month ago - Zacks Investment Research