In a report released today, Adam Josephson from KeyBanc maintained a Hold rating on Packaging (PKG). The company’s shares closed last Thursday at $131.52.
According to TipRanks.com, Josephson is a 1-star analyst with an average return of -1.5% and a 50.0% success rate. Josephson covers the Basic Materials sector, focusing on stocks such as International Paper Co, Berry Global Group, and Clearwater Paper.
Currently, the analyst consensus on Packaging is a Hold with an average price target of $139.50, which is a 2.7% upside from current levels. In a report issued on January 20, Deutsche Bank also maintained a Hold rating on the stock with a $128.00 price target.
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Packaging’s market cap is currently $12.88B and has a P/E ratio of 28.40. The company has a Price to Book ratio of 6.56.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PKG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Packaging Corp. of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers. The Corporate and Other segment focuses on transportation assets, as well as rail cars, and trucks. The company was founded in 1959 and is headquartered in Lake Forest, IL.
