Packaging Co. of America (NYSE:PKG) Upgraded at StockNews.com

Packaging Co. of America (NYSE:PKG) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other equities research analysts have also commented on PKG. Citigroup upped their price target on shares of Packaging Co. of America from $232.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Wells Fargo & Company dropped their target price on Packaging Co. of America from $253.00 to $236.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Jefferies Financial Group upgraded Packaging Co. of America from a “hold” rating to a “buy” rating and lifted their price target for the company from $215.00 to $280.00 in a research report on Wednesday, December 18th. Seaport Res Ptn upgraded Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 13th. Finally, Truist Financial reaffirmed a “buy” rating and set a $265.00 target price (down from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Packaging Co. of America has an average rating of “Moderate Buy” and an average target price of $233.00.

Packaging Co. of America Trading Down 1.4 %

Packaging Co. of America stock opened at $195.40 on Friday. Packaging Co. of America has a 52 week low of $169.00 and a 52 week high of $250.82. The stock has a 50-day moving average price of $210.46 and a 200 day moving average price of $222.04. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $17.55 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77.

Packaging Co. of America (NYSE:PKG) last announced its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $2.47 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.04). Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. Sell-side analysts anticipate that Packaging Co. of America will post 10.44 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Fortitude Family Office LLC grew its stake in Packaging Co. of America by 150.8% in the 4th quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 98 shares during the period. Larson Financial Group LLC lifted its holdings in Packaging Co. of America by 234.7% during the third quarter. Larson Financial Group LLC now owns 164 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 115 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Packaging Co. of America in the fourth quarter valued at about $44,000. Lazard Asset Management LLC increased its stake in shares of Packaging Co. of America by 1,033.3% during the fourth quarter. Lazard Asset Management LLC now owns 204 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 186 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Packaging Co. of America during the fourth quarter worth about $48,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Co. of America Company Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.