New York: Packaging Corp of America (NYSE:PKG) Stock Has Just Had Its “Equal-Weight” Rating Reiterated by Barclays. Shares now Have a $120 Target

February 13, 2018 - By Marie Mckinney

 New York: Packaging Corp of America (NYSE:PKG) Stock Has Just Had Its

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.

Cape Cod Five Cents Financial Bank holds 0.18% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 10,321 shares. Hennessy Advsr owns 333,400 shares for 1.18% of their portfolio. Putnam Invs Limited Co reported 0.03% of its portfolio in Packaging Corporation of America (NYSE:PKG). 2,357 are owned by Suntrust Banks. The New York-based Guardian Life Of America has invested 0% in Packaging Corporation of America (NYSE:PKG). Oregon Public Employees Retirement Fund has invested 0.05% in Packaging Corporation of America (NYSE:PKG). Cutter And Co Brokerage holds 0.43% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 9,372 shares. State Board Of Administration Of Florida Retirement Systems holds 0.04% in Packaging Corporation of America (NYSE:PKG) or 143,506 shares. 28,131 were accumulated by Amer Gru. Ahl Prtn Llp reported 81,894 shares. Hancock Holdg has 0.06% invested in Packaging Corporation of America (NYSE:PKG). State Common Retirement Fund holds 0.04% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 257,056 shares. Legal General Gru Plc holds 0.04% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 463,659 shares. Tower Cap Lc (Trc) holds 1,426 shares. Sun Life holds 0.01% or 692 shares.

Since September 12, 2017, it had 0 insider purchases, and 2 insider sales for $1.43 million activity. $707,640 worth of Packaging Corporation of America (NYSE:PKG) was sold by Hassfurther Thomas A on Tuesday, September 12.

Packaging Corp of America (NYSE:PKG) Rating Reaffirmed

In a research report issued to clients this morning, Barclays reiterated their “Equal-Weight” rating on Packaging Corp of America (NYSE:PKG) shares. The TP suggests a possible upside of 3.33 % from company’s close price.

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.

Cape Cod Five Cents Financial Bank holds 0.18% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 10,321 shares. Hennessy Advsr owns 333,400 shares for 1.18% of their portfolio. Putnam Invs Limited Co reported 0.03% of its portfolio in Packaging Corporation of America (NYSE:PKG). 2,357 are owned by Suntrust Banks. The New York-based Guardian Life Of America has invested 0% in Packaging Corporation of America (NYSE:PKG). Oregon Public Employees Retirement Fund has invested 0.05% in Packaging Corporation of America (NYSE:PKG). Cutter And Co Brokerage holds 0.43% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 9,372 shares. State Board Of Administration Of Florida Retirement Systems holds 0.04% in Packaging Corporation of America (NYSE:PKG) or 143,506 shares. 28,131 were accumulated by Amer Gru. Ahl Prtn Llp reported 81,894 shares. Hancock Holdg has 0.06% invested in Packaging Corporation of America (NYSE:PKG). State Common Retirement Fund holds 0.04% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 257,056 shares. Legal General Gru Plc holds 0.04% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 463,659 shares. Tower Cap Lc (Trc) holds 1,426 shares. Sun Life holds 0.01% or 692 shares.

Since September 12, 2017, it had 0 insider purchases, and 2 insider sales for $1.43 million activity. $707,640 worth of Packaging Corporation of America (NYSE:PKG) was sold by Hassfurther Thomas A on Tuesday, September 12.

Packaging Corporation of America (NYSE:PKG) Ratings Coverage

Among 16 analysts covering Packaging Corporation of America (NYSE:PKG), 8 have Buy rating, 1 Sell and 7 Hold. Therefore 50% are positive. Packaging Corporation of America has $150.0 highest and $59 lowest target. $106.77’s average target is -8.06% below currents $116.13 stock price. Packaging Corporation of America had 57 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, August 10 by Deutsche Bank. The rating was maintained by Jefferies on Monday, September 18 with “Buy”. The rating was downgraded by CLSA on Wednesday, February 1 to “Outperform”. The stock has “Buy” rating by Jefferies on Thursday, June 1. The firm has “Hold” rating given on Wednesday, November 15 by KeyBanc Capital Markets. The stock has “Outperform” rating by BMO Capital Markets on Thursday, July 23. Jefferies maintained Packaging Corporation of America (NYSE:PKG) rating on Thursday, April 13. Jefferies has “Buy” rating and $107 target. The firm has “Neutral” rating by Citigroup given on Tuesday, July 19. The stock of Packaging Corporation of America (NYSE:PKG) has “Equal Weight” rating given on Monday, October 26 by Barclays Capital. As per Monday, February 6, the company rating was downgraded by Barclays Capital.

The stock decreased 0.48% or $0.56 during the last trading session, reaching $116.13. About 181,010 shares traded. Packaging Corporation of America (NYSE:PKG) has risen 54.92% since February 13, 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 $10.88 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 16.43 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: Moodys.com which released: “Moody’s rates Packaging Corp of America new notes Baa2” on December 11, 2017, also Nasdaq.com with their article: “Packaging Corp. of America Reveals Increase In Q4 Earnings” published on January 30, 2018, Digitaljournal.com published: “Free Post Earnings Research Report: Packaging Corp. of America’s Quarterly …” on February 12, 2018. More interesting news about Packaging Corporation of America (NYSE:PKG) were released by: Benzinga.com and their article: “DA Davidson: Packaging Corp. Of America Is Best-In-Class” published on February 12, 2018 as well as Seekingalpha.com‘s news article titled: “Packaging Corp. of America expects costs pressures” with publication date: January 31, 2018.

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