Are Analysts Bullish about Packaging Corporation of America (NYSE:PKG) after last week?

January 23, 2018 - By Adrian Erickson

 Are Analysts Bullish about Packaging Corporation of America (NYSE:PKG) after last week?
Investors sentiment increased to 1.31 in Q3 2017. Its up 0.51, from 0.8 in 2017Q2. It improved, as 29 investors sold Packaging Corporation of America shares while 146 reduced holdings. 92 funds opened positions while 138 raised stakes. 82.08 million shares or 1.51% more from 80.86 million shares in 2017Q2 were reported.
Cutter Brokerage Inc owns 9,372 shares for 0.43% of their portfolio. Fuller & Thaler Asset Mgmt has 1,325 shares. Federated Investors Pa stated it has 0% in Packaging Corporation of America (NYSE:PKG). Capital Fund Mngmt Sa owns 0.08% invested in Packaging Corporation of America (NYSE:PKG) for 99,193 shares. Schwab Charles Invest Management holds 588,960 shares. Santa Barbara Asset Mgmt Ltd Llc invested 2.45% in Packaging Corporation of America (NYSE:PKG). Millennium Management Ltd Liability Corp holds 122,040 shares. Pitcairn Com reported 8,970 shares or 0.12% of all its holdings. Bkd Wealth Advsrs Limited Liability reported 2,444 shares or 0.03% of all its holdings. Employees Retirement Sys Of Texas owns 5,000 shares or 0.01% of their US portfolio. Adams Natural Fund Incorporated owns 0.94% invested in Packaging Corporation of America (NYSE:PKG) for 52,800 shares. Meiji Yasuda Asset Management Ltd accumulated 0.06% or 5,240 shares. Lifeplan Financial Gp stated it has 4,086 shares. Essex Invest Management Lc reported 6,127 shares or 0.1% of all its holdings. St Johns Investment Mngmt Ltd owns 48 shares or 0% of their US portfolio.

Since September 12, 2017, it had 0 buys, and 2 insider sales for $1.43 million activity. Hassfurther Thomas A sold 6,000 shares worth $707,640.

Packaging Corporation of America (NYSE:PKG) Ratings Coverage

Among 15 analysts covering Packaging Corporation of America (NYSE:PKG), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. Packaging Corporation of America had 51 analyst reports since July 23, 2015 according to SRatingsIntel. Bank of America downgraded Packaging Corporation of America (NYSE:PKG) on Tuesday, September 15 to “Neutral” rating. As per Monday, January 25, the company rating was downgraded by Citigroup. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, November 15. The stock of Packaging Corporation of America (NYSE:PKG) earned “Hold” rating by KeyBanc Capital Markets on Monday, September 11. The firm has “Buy” rating by Stephens given on Wednesday, January 10. The firm has “Hold” rating by KeyBanc Capital Markets given on Thursday, October 12. The stock of Packaging Corporation of America (NYSE:PKG) earned “Buy” rating by Jefferies on Thursday, June 1. The firm earned “Overweight” rating on Friday, January 8 by Barclays Capital. BMO Capital Markets maintained it with “Outperform” rating and $122 target in Tuesday, August 22 report. The firm earned “Buy” rating on Monday, April 25 by Argus Research. Below is a list of Packaging Corporation of America (NYSE:PKG) latest ratings and price target changes.

10/01/2018 Broker: Stephens Rating: Buy New Target: $136.0 Maintain
08/01/2018 Broker: Wells Fargo Rating: Hold New Target: $130.0 Maintain
15/11/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
29/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
30/10/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $108 New Target: $110 Maintain
24/10/2017 Broker: Stephens Rating: Overweight New Target: $130 Initiates Coverage On
12/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
18/09/2017 Broker: Jefferies Rating: Buy New Target: $128.0 Maintain
11/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
22/08/2017 Broker: BMO Capital Markets Rating: Outperform Old Target: $118 New Target: $122 Maintain

The stock decreased 0.64% or $0.82 during the last trading session, reaching $126.43. About 486,066 shares traded. Packaging Corporation of America (NYSE:PKG) has risen 54.92% since January 23, 2017 and is uptrending. It has outperformed by 38.22% the S&P500.

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company has market cap of $11.84 billion. The companyÂ’s Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging. It has a 23.41 P/E ratio. This segment also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.

More notable recent Packaging Corporation of America (NYSE:PKG) news were published by: Prnewswire.com which released: “Packaging & Containers Stocks’ Research Reports Released on Packaging Corp. of …” on January 03, 2018, also Businesswire.com with their article: “Packaging Corporation of America Announces Agreement to Acquire Sacramento …” published on August 21, 2017, Moodys.com published: “Moody’s rates Packaging Corp of America new notes Baa2” on December 11, 2017. More interesting news about Packaging Corporation of America (NYSE:PKG) were released by: Reuters.com and their article: “BRIEF-Packaging Corporation of America announces agreement to acquire …” published on August 21, 2017 as well as Businesswire.com‘s news article titled: “Packaging Corporation of America Completes Acquisition of Sacramento Container …” with publication date: October 02, 2017.

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