Packaging Corporation of America (PKG) Is A Stock You Should Watch


As of Wednesday close, Packaging Corporation of America’s (NYSE:PKG) stock was up $0.03, moving up 0.02 percent to $133.35. The average number of shares traded per day over the past five days has been 636,960 shares. 5 times new highs have been achieved over the past 5 days, with a $3.48 gain in that time frame. In the last twenty days, the average volume was 857,160, while in the previous 50 days, it was 810,940.

Since last month, PKG stock rose 15.03%. Shares of the company fell to $112.00 on 10/25/22, the lowest level in the past month. A 52-week high of $168.50 was reached on 04/21/22 after having rallying from a 52-week low of $110.56. Since the beginning of this year, PKG’s stock price has dropped by -2.06% or -$2.80, and marked a new high 19 times. However, the stock has declined by -20.86% since its 52-week high.

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PKG stock investors should be aware that Packaging Corporation of America (PKG) stock had its last reported insider trading activity 171 days ago on Jun 06. Mundy Robert P., the EVP & CFO of the company, disposed of 13,800 shares for $160.30 on Jun 06. It resulted in a $2,212,107 divestment by the insider. Harman Donna A. added 500 shares at an average price of $153.21 on May 25. The insider now owns 2,725 shares following the transaction. On Apr 27, EVP-Mill Ops. Carter Charles J. sold 100 shares at $163.00 apiece. The transaction was valued at $16,300.

Valuation Metrics

Right now, Packaging Corporation of America (PKG) has a P/E ratio of about 12.14. The stock’s beta is 0.86. Besides these, the trailing price-to-sales (P/S) ratio of 1.45, the price-to-book (PB) ratio of 3.12, and the price-to-cash flow ratio of 11.68 may also be considered.

The latest dividend of $1.25 per share was paid out, remained unchanged from last year’s $1.25. On Wednesday May 18 2022, a $0.25 dividend increase was announced.

Financial Health

In the three months ended September 29, Packaging Corporation of America’s quick ratio stood at 2.00, while its current ratio was 3.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.63, and the total debt-to-equity ratio was 0.63. On the profitability front, the trailing twelve-month gross margin is 25.20% percent. In the year ended September 29, operating margins totaled 16.70%. Based on annual data, PKG earned $1.87 billion in gross profit and brought in $7.73 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.00%. Return on equity (ROE) for the past 12 months was 26.80%.

In Packaging Corporation of America’s quarter-end financial report for September 29, it reported total debt of $2.47 billion against cash and short-term investments of $77.7 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PKG’s revenue rose 5.92% to $2.24 billion during the quarter, while net income inched up to $2.13 billion. While analysts expected Packaging Corporation of America to report $2.81 quarterly earnings, the actual figure was $2.83 per share, beating the consensus estimate by 0.70%. During the quarter, the company generated $474.8 million in EBITDA. The liabilities of Packaging Corporation of America were 4.37 billion at the end of its most recent quarter ended September 29, and its total debt was $2.77 billion. The value of shareholders’ equity is $92.53 million.

Technical Picture

This quick technical analysis looks at Packaging Corporation of America’s (PKG) price momentum. With a historical volatility rate of 18.27%, the RSI 9-day stood at 76.47% on 23 November.

With respect to its five-day moving average, the current Packaging Corporation of America price is up by +2.68% percent or $3.48. At present, PKG shares trade +14.60% above its 20-day simple moving average and -2.78% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.97% above its SMA50 and -11.40% below its SMA200.

Stochastic coefficient K was 93.38% and Stochastic coefficient D was 87.10%, while ATR was 3.16. Given the Stochastic reading of 92.06% for the 14-day period, the RSI (14) reading has been calculated as 69.64%. As of today, the MACD Oscillator reading stands at 2.03, while the 14-day reading stands at 4.84.

Analyst Ratings

Packaging Corporation of America downgraded its rating on Packaging Corporation of America (NYSE: PKG) to a Sell in a note to investors on October 18, 2022. The analysts firm previously had a Hold rating on the stock.Packaging Corporation of America (PKG) has been rated Hold by analysts. According to 2 brokerage firms, PKG is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Packaging Corporation of America stock as buy, with 4 recommending it as overweight.

With a median target price of $127.00, the current consensus forecast for the stock is $99.00 – $165.00. Based on these forecasts, analysts predict Packaging Corporation of America (PKG) will achieve an average price target of $128.00.


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