A share price of Packaging Corp Of America [PKG] is currently trading at $192.56, up 0.52%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PKG shares have gain 5.36% over the last week, with a monthly amount glided 4.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Packaging Corp Of America [NYSE: PKG] stock has seen the most recent analyst activity on April 24, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $191 from $187. Previously, Exane BNP Paribas downgraded its rating to Neutral on April 12, 2024, and kept the price target unchanged to $182. On March 04, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $202 on the stock. Seaport Research Partners downgraded its rating to a Neutral. Jefferies upgraded its rating to Hold for this stock on September 27, 2023, and upped its price target to $142. In a note dated December 15, 2022, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $146 to $139.
Packaging Corp Of America experienced fluctuations in its stock price throughout the past year between $133.60 and $193.66. Currently, Wall Street analysts expect the stock to reach $166 within the next 12 months. Packaging Corp Of America [NYSE: PKG] shares were valued at $192.56 at the most recent close of the market. An investor can expect a potential drop of -13.79% based on the average PKG price forecast.
Analyzing the PKG fundamentals
Trailing Twelve Months sales for Packaging Corp Of America [NYSE:PKG] were 7.81B which represents 0.16% growth. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.18 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.73.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 190.41 points at the first support level, and at 188.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 194.57, and for the 2nd resistance point, it is at 196.57.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Packaging Corp Of America [NYSE:PKG] is 2.46. As well, the Quick Ratio is 1.74, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 2.22, the price to book ratio is 4.29 and price to earnings (TTM) ratio is 24.06.
Transactions by insiders
Recent insider trading involved GOWLAND KAREN E, Director, that happened on May 15 ’24 when 300.0 shares were purchased. EVP & CFO, Mundy Robert P. completed a deal on Mar 06 ’24 to sell 10000.0 shares. Meanwhile, Chairman & CEO KOWLZAN MARK W sold 53196.0 shares on Mar 04 ’24.
