As of Friday close, Packaging Corporation of America’s (NYSE:PKG) stock was down -$1.85, moving down -1.43 percent to $127.32. The average number of shares traded per day over the past five days has been 1,659,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$5.10 fall in that time frame. In the last twenty days, the average volume was 885,315, while in the previous 50 days, it was 785,974.
Since last month, PKG stock retreated -10.72%. Shares of the company fell to $126.22 on 03/17/23, the lowest level in the past month. A 52-week high of $168.50 was reached on 02/03/23 after having rallying from a 52-week low of $110.56. Since the beginning of this year, PKG’s stock price has dropped by -0.46% or -$0.59, and marked a new high 12 times. However, the stock has declined by -24.44% 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 285 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 7,347 shares at $163.00 apiece. The transaction was valued at $1,197,561.
Right now, Packaging Corporation of America (PKG) has a P/E ratio of about 11.56. The stock’s beta is 0.89. Besides these, the trailing price-to-sales (P/S) ratio of 1.38, the price-to-book (PB) ratio of 3.14, and the price-to-cash flow ratio of 10.94 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.
In the three months ended December 30, Packaging Corporation of America’s quick ratio stood at 1.70, while its current ratio was 2.90, 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 December 30 was 0.68, and the total debt-to-equity ratio was 0.68. On the profitability front, the trailing twelve-month gross margin is 24.70% percent. In the year ended December 30, operating margins totaled 16.80%. Based on annual data, PKG earned $2.09 billion in gross profit and brought in $8.48 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 17.60%. Return on equity (ROE) for the past 12 months was 26.60%.
In Packaging Corporation of America’s quarter-end financial report for December 30, it reported total debt of $2.47 billion against cash and short-term investments of $85.2 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 fell -3.27% to $2.13 billion during the quarter, while net income inched up to $1.98 billion. While analysts expected Packaging Corporation of America to report $2.23 quarterly earnings, the actual figure was $2.35 per share, beating the consensus estimate by 5.40%. During the quarter, the company generated $407.5 million in EBITDA. The liabilities of Packaging Corporation of America were 4.34 billion at the end of its most recent quarter ended December 30, and its total debt was $2.79 billion. The value of shareholders’ equity is $89.69 million.
This quick technical analysis looks at Packaging Corporation of America’s (PKG) price momentum. With a historical volatility rate of 16.54%, the RSI 9-day stood at 26.30% on 17 March.
With respect to its five-day moving average, the current Packaging Corporation of America price is down by -3.85% percent or -$5.10. At present, PKG shares trade -10.01% below its 20-day simple moving average and +8.88% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.66% below its SMA50 and -19.05% below its SMA200.
Stochastic coefficient K was 10.06% and Stochastic coefficient D was 10.88%, while ATR was 3.32. Given the Stochastic reading of 6.55% for the 14-day period, the RSI (14) reading has been calculated as 32.58%. As of today, the MACD Oscillator reading stands at -3.94, while the 14-day reading stands at -6.45.
Packaging Corporation of America downgraded its rating on Packaging Corporation of America (NYSE: PKG) to a Neutral in a note to investors on December 15, 2022. The analysts firm previously had a Buy 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 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Packaging Corporation of America stock as buy, with 3 recommending it as overweight.
With a median target price of $136.00, the current consensus forecast for the stock is $104.00 – $165.00. Based on these forecasts, analysts predict Packaging Corporation of America (PKG) will achieve an average price target of $134.38.