At the time of writing, Packaging Corp Of America [PKG] stock is trading at $198.00, down -0.94%. 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 1.94% over the last week, with a monthly amount glided 11.54%, 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.
For the past year, the stock price of Packaging Corp Of America fluctuated between $143.82 and $201.74. 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 $198.00 at the most recent close of the market. An investor can expect a potential drop of -16.16% based on the average PKG price forecast.
Analyzing the PKG fundamentals
According to Packaging Corp Of America [NYSE:PKG], the company’s sales were 7.93B for trailing twelve months, which represents an 6.31% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.73.
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 195.44 points at the first support level, and at 192.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 201.28, and for the 2nd resistance point, it is at 204.55.
Ratios To Look Out For
It is important to note that Packaging Corp Of America [NYSE:PKG] has a current ratio of 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 2.24, the price to book ratio is 4.41 and price to earnings (TTM) ratio is 24.86.
Transactions by insiders
Recent insider trading involved Shirley Donald R., SVP, that happened on Jul 25 ’24 when 6000.0 shares were sold. EVP-Mill Ops., Carter Charles J. completed a deal on Jul 25 ’24 to sell 5389.0 shares. Meanwhile, Director GOWLAND KAREN E bought 300.0 shares on May 15 ’24.
