Headlines about Packaging Corp Of America (NYSE:PKG) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Packaging Corp Of America earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.8931796710585 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s analysis:
- Zacks Investment Research Downgrades Packaging Corp Of America (PKG) to Sell (americanbankingnews.com)
- Packaging Corp. of America – Value Analysis (NYSE:PKG) : December 18, 2017 (finance.yahoo.com)
- $1.62 Billion in Sales Expected for Packaging Corp Of America (PKG) This Quarter (americanbankingnews.com)
- Packaging Corp Of America (PKG) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- As Intuit (INTU) Stock Price Rose, Holder Reilly Herbert Faulkner Iii Trimmed Holding by $1.04 Million … – Hill Country Times (hillcountrytimes.com)
A number of brokerages recently issued reports on PKG. Stephens began coverage on Packaging Corp Of America in a report on Tuesday, October 24th. They issued an “overweight” rating and a $130.00 target price on the stock. Zacks Investment Research cut Packaging Corp Of America from a “hold” rating to a “sell” rating in a report on Tuesday. Barclays increased their target price on Packaging Corp Of America from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of Packaging Corp Of America in a report on Sunday, October 29th. Finally, Deutsche Bank restated a “hold” rating and set a $120.00 price objective (up from $94.00) on shares of Packaging Corp Of America in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $117.36.
Packaging Corp Of America (NYSE:PKG) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.01). Packaging Corp Of America had a net margin of 8.18% and a return on equity of 29.38%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the business earned $1.30 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. equities research analysts forecast that Packaging Corp Of America will post 5.99 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, December 26th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, December 22nd. Packaging Corp Of America’s dividend payout ratio is presently 46.67%.
In other news, SVP Charles J. Carter sold 6,150 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $117.04, for a total transaction of $719,796.00. Following the completion of the sale, the senior vice president now directly owns 24,265 shares of the company’s stock, valued at approximately $2,839,975.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Thomas W.H. Walton sold 6,027 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $116.15, for a total value of $700,036.05. Following the sale, the senior vice president now directly owns 32,690 shares of the company’s stock, valued at $3,796,943.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,177 shares of company stock valued at $1,427,532. Insiders own 1.20% of the company’s stock.
About Packaging Corp Of America
Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.
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