The Packaging Corporation of America (NYSE:PKG) went up by 0.31% in Wednesday’s trading session, a rise equivalent to $0.25 from pervious market close price. The lowest point that the shares touched during the trading session was $76.68, while the peak of the day was recorded at a share price of $83.64. PKG finished the previous session at $79.58 according to the data provided by Barchart, while the trading volume was observed to be $1.23 million.
In the 100 days of trading, PKG managed to top a 103.70% Moving average. Additionally, Packaging Corporation of America shares have achieved a 52-week range between 71.05 and 114.78 alongside 100 days raw stochastic set at 20.46%.
The number of shares outstanding, according to the fundamentals of the company, is set at 97.40M, equal to the value of $7.78B in market capitalization. In the last 30 days, Packaging Corporation of America shares went down by -18.12%, adding 97.50 to growth in value, on top of a +12.36% boost since 02/25/20.
Packaging Corporation of America (NYSE:PKG) Analyst’s Estimates
Packaging Corporation of America (PKG) could record at least $1.20 per share in quarterly earnings in the upcoming report on 04/22/2020, a number that would actually represent an increase of 5.95 YOY.
According to the average analyst rating, Packaging Corporation of America would be rated as Hold. Out of 13 different analysts monitoring PKG stock, 2 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 0 indicate that PKG is an OVERWEIGHT, 2 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On March 19, 2020, the stock earned a Upgrade rating due to a new analyst call from Argus, while analysts from Argus believe that the stock is set at Hold from Buy, as concluded on January 31, 2020. Goldman, is still rather wary about the stock, deciding to keep the rating at Sell as confirmed through a call on December 10, 2019.
Vertical Research, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on November 26, 2019, giving the stock a Hold from the Buy rating.
PKG Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +23.61% has been attained, while the operating margin has been recorded at +15.50%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 10.01%. Beta value of the stock is recorded at 1.06. Additionally, Packaging Corporation of America is recording price volatility of 10.77% for the period of the last seven days and 7.96% in the last 30 days.
Packaging Corporation of America (NYSE:PKG) Technical Outlook
For the period of the last 50 days, Packaging Corporation of America had its Raw Stochastic average set at 22.56% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 33.19%. Stochastic %K for Packaging Corporation of America, with the last 20 days included, was set at 27.92%, having Stochastic %D topping 34.26%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Packaging Corporation of America stocks with recording -28.72% in metrics.
Packaging Corporation of America Insider Watch:
Similarly, 98.50% of the company’s float is held by institutions – and there are 834 institutions in total holding shares of this company. The top three institutional holders of PKG stocks are: Vanguard Group, Inc. (The) with ownership of $1.23 billion, which is approximately 10957756 of the company’s shares; Blackrock Inc., holding 9772540 shares of the stock with an approximate value of $1.09 billion; and Bank of America Corporation, currently with more than 6942326 shares of the company valued at $777.47 million. Positions in Packaging Corporation of America stocks held by institutional investors has been changing actively in the past six months, a period during which there were 14 insider purchases amounting to 145972 shares. Similarly, there were 1 sale transactions amounting to 1900 shares, with the net shares purchased during the last six months reaching 144,072.