Analysts See $1.69 EPS for Packaging Corp Of America (PKG)

September 17, 2017 - By Dolores Ford

 Analysts See $1.69 EPS for Packaging Corp Of America (PKG)
Investors sentiment increased to 1.1 in Q4 2016. Its up 0.05, from 1.05 in 2016Q3. It improved, as 30 investors sold Packaging Corp Of America shares while 155 reduced holdings. 63 funds opened positions while 140 raised stakes. 80.00 million shares or 0.29% less from 80.23 million shares in 2016Q3 were reported.
Wolverine Asset Management Ltd Co holds 0.04% of its portfolio in Packaging Corp Of America (NYSE:PKG) for 40,000 shares. 425,600 were accumulated by Hennessy Inc. 5,100 are owned by Grantham Mayo Van Otterloo And Communications Llc. Wright Invsts Ser holds 20,630 shares or 0.76% of its portfolio. Public Employees Retirement Association Of Colorado stated it has 0.01% in Packaging Corp Of America (NYSE:PKG). Fmr Ltd Llc accumulated 1.27 million shares or 0.01% of the stock. Amalgamated Retail Bank owns 18,039 shares for 0.07% of their portfolio. Fin Architects holds 0.01% of its portfolio in Packaging Corp Of America (NYSE:PKG) for 532 shares. Moreover, State Bank Of Ny Mellon Corporation has 0.09% invested in Packaging Corp Of America (NYSE:PKG) for 3.72M shares. Blackrock Fund Advsr accumulated 7.35 million shares. Next Fincl Grp holds 0% of its portfolio in Packaging Corp Of America (NYSE:PKG) for 160 shares. Envestnet Asset Mgmt has 0.02% invested in Packaging Corp Of America (NYSE:PKG). Hgk Asset Management Inc reported 4,400 shares. 38,220 were accumulated by Riverhead Management Ltd Liability Company. Mackenzie Fincl reported 139,452 shares.

Analysts await Packaging Corp Of America (NYSE:PKG) to report earnings on October, 18. They expect $1.69 earnings per share, up 30.00 % or $0.39 from last year’s $1.3 per share. PKG’s profit will be $159.40 million for 17.14 P/E if the $1.69 EPS becomes a reality. After $1.52 actual earnings per share reported by Packaging Corp Of America for the previous quarter, Wall Street now forecasts 11.18 % EPS growth. The stock increased 0.06% or $0.07 on September 15, reaching $115.88. About 2.18M shares traded or 155.05% up from the average. Packaging Corp Of America (NYSE:PKG) has risen 54.92% since September 17, 2016 and is uptrending. It has outperformed by 38.22% the S&P500.

Packaging Corp Of America (NYSE:PKG) Ratings Coverage

Among 14 analysts covering Packaging Corporation of America (NYSE:PKG), 5 have Buy rating, 1 Sell and 8 Hold. Therefore 36% are positive. Packaging Corporation of America had 43 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Monday, September 11 with “Hold”. As per Tuesday, August 22, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating given on Wednesday, August 16 by Jefferies. Citigroup downgraded Packaging Corp Of America (NYSE:PKG) on Monday, January 25 to “Neutral” rating. As per Tuesday, September 15, the company rating was downgraded by Bank of America. As per Wednesday, February 1, the company rating was downgraded by CLSA. The rating was downgraded by Deutsche Bank on Friday, July 22 to “Hold”. Jefferies maintained Packaging Corp Of America (NYSE:PKG) rating on Friday, July 14. Jefferies has “Buy” rating and $12800 target. The firm has “Outperform” rating given on Thursday, July 23 by BMO Capital Markets. Argus Research upgraded Packaging Corp Of America (NYSE:PKG) rating on Monday, April 25. Argus Research has “Buy” rating and $73 target.

Packaging Corporation of America is a producer of containerboard products and uncoated freesheet. The company has market cap of $10.93 billion. The Firm operates through three divisions: Packaging, Paper, and Corporate and Other. It has a 22.31 P/E ratio. The Packaging segment produces a range of corrugated packaging products.

More notable recent Packaging Corp Of America (NYSE:PKG) news were published by: Nasdaq.com which released: “Packaging Corporation of America (PKG) Ex-Dividend Date Scheduled for June 13 …” on June 12, 2017, also Seekingalpha.com with their article: “Packaging of America (PKG) Q2 2017 Results – Earnings Call Transcript” published on July 27, 2017, Sacbee.com published: “Illinois firm makes deal to acquire Sacramento-area manufacturer” on August 22, 2017. More interesting news about Packaging Corp 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 Chicagobusiness.com‘s news article titled: “A headquarters shift in Lake Forest” with publication date: April 05, 2017.

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