Packaging Corporation of America (NYSE:PKG) has a beta value of 0.91 and has seen 0.76 million shares traded in the last trading session. The company, currently valued at $14.56B, closed the last trade at $152.45 per share which meant it lost -$0.86 on the day or -0.56% during that session. The PKG stock price is -2.68% off its 52-week high price of $156.54 and 32.65% above the 52-week low of $102.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.76 million shares traded. The 3-month trading volume is 599.84K shares.
The consensus among analysts is that Packaging Corporation of America (PKG) is a Hold stock at the moment, with a recommendation rating of 2.80. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 11 out of 14 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $2.39.
Packaging Corporation of America (NYSE:PKG) trade information
Sporting -0.56% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the PKG stock price touched $152.45 or saw a rise of 2.14%. Year-to-date, Packaging Corporation of America shares have moved 10.54%, while the 5-day performance has seen it change 0.70%. Over the past 30 days, the shares of Packaging Corporation of America (NYSE:PKG) have changed 10.04%. Short interest in the company has seen 1.59 million shares shorted with days to cover at 2.74.
Wall Street analysts have a consensus price target for the stock at $147.40, which means that the shares’ value could drop -3.43% from current levels. The projected low price target is $115.00 while the price target rests at a high of $175.00. In that case, then, we find that the current price level is -14.79% off the targeted high while a plunge would see the stock lose 24.57% from current levels.
Packaging Corporation of America (PKG) estimates and forecasts
Figures show that Packaging Corporation of America shares have outperformed across the wider relevant industry. The company’s shares have gained 10.13% over the past 6 months, with this year growth rate of 47.23%, compared to 17.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 52.20% and 62.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 13.20%.
8 analysts offering their estimates for the company have set an average revenue estimate of $1.93 billion for the current quarter. 8 have an estimated revenue figure of $1.92 billion for the next quarter concluding in Dec 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 1.70% over the past 5 years. Earnings growth for 2021 is a modest -34.00% while over the next 5 years, the company’s earnings are expected to increase by 16.86%.
Packaging Corporation of America is expected to release its next earnings report between October 25 and October 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 4.00 at a share yield of 2.62%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.74%.
Packaging Corporation of America (NYSE:PKG)’s Major holders
Insiders own 1.47% of the company shares, while shares held by institutions stand at 95.25% with a share float percentage of 96.67%. Investors are also buoyed by the number of investors in a company, with Packaging Corporation of America having a total of 855 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 11.18 million shares worth more than $1.5 billion. As of Mar 30, 2021, Vanguard Group, Inc. (The) held 11.77% of shares outstanding.
The other major institutional holder is Price (T.Rowe) Associates Inc, with the holding of over 10.76 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $1.45 billion and represent 11.33% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) Value Fund and Income Fund of America Inc. As of Mar 30, 2021, the former fund manager holds about 3.33% shares in the company for having 3.17 million shares of worth $425.85 million while later fund manager owns 2.9 million shares of worth $428.42 million as of Apr 29, 2021, which makes it owner of about 3.05% of company’s outstanding stock.