PKG shares the same long-term thesis with a more solid balance sheet and safer shareholders remuneration. Read more why I rate PKG a buy.
Thursday marks the last chance for investors to receive the next dividend payout from Packaging Corp of America (NYSE: PKG ). What''s Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of $1.25 per share. On Friday, Packaging Corp of America will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other … Full story available on Benzinga.com
LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) announced today that its Board approved a regular quarterly dividend of $1.25 per share on its common stock. The quarterly dividend of $1.25 per share will be paid to shareholders of record as of October 3, 2022 with a payment date of October 17, 2022. Future declaration of quarterly dividends and the establishment of future record and payment dates are subject to the final determination by PCA’s Board of Directors
WestRock Company (WRK), Packaging Corp. of America (PKG), and International Paper (IP) were among the biggest gainers in the S&P during Monday’s volatile session.
Stocks capped off a terrible week with another slide as a warning from one of Wall Street''s bellwether firm''s stoked concern about the U.S. economy. SEE MORE 10 Electrifying EV Stocks Worth Watching After Thursday''s close, delivery giant FedEx ( FDX , -21.4%) – whose financial results are often seen as a read on broader economic conditions – issued preliminary fiscal first-quarter earnings and revenue figures that were well below estimates. The company cited a recent acceleration in "global volume softness," and specifically pointed to "macroeconomic weakness in Asia and service challenges in Europe." FDX also withdrew its outlook for the full fiscal year, and said it is initiating several cost-cutting measures to offset the effects of lowered demand, including deferring staff hiring, closing 90 FedEx office locations and ending Sunday operations for several FedEx Ground locations. The company is slated on the earnings calendar to report its full quarterly results after next Thursday''s close.
Paper companies look cheap -- and as it turns out, there''s a reason for that.
Jefferies analyst Philip Ng downgraded both International Paper Company (IP) and Packaging Corporation of America (PKG) to Sell-equivalent ratings after his channel checks suggested…
Futures Crater As Fedex Ushers In The Global Recession On $3.2 Trillion Triple Witch Day Another day, another selloff, this time one driven by a catastrophic repricing by Fedex, which has plunged by the most ever this morning, down 20% and losing over $11BN in market cap… ... after pulling guidance and effectively warning that the entire world - and especially China - is in a recession. The fact that it is a $3.2 trillion opex today which guarantees even more volatility in the coming weeks... ... or that buyback blackout period begins today probably isn''t helping, and sure enough, we end the week in a mirror image to how we started it, with equities extending declines with an index of global stocks on track for the worst week since June, while the dollar continued its relentless ascent, trading back to all time highs. S&P futures were down 0.8% at 730am, dropping to the lowest level in 2 months, while Nasdaq 100 lost more than 1%, as Europe headed for a fourth day of losses, and Asian was a sea of red led by China.
Packaging Corporation of Americ with ticker code (PKG) have now 10 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 175 and 130 calculating the mean target price we have 151.7. Given that the stocks previous close was at 139.2 this indicates there is a potential upside of 9.0%. There is a 50 day moving average of 139.45 and the 200 day moving average is 145.16. The market capitalisation for the company is $13,078m. Visit the company website at: https://www.packagingcorp.com [stock_market_widget type="chart" template="basic" color="green" assets="PKG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $14,252m based on the market concensus. Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and 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 products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.
The Packaging Corporation of America is a mature business, but growth is everything except slow. See why I feel PKG stock is undervalued.
Packaging Corporation of Americ with ticker code (PKG) have now 10 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 176 and 130 and has a mean target at 152.2. Now with the previous closing price of 139.33 this is indicating there is a potential upside of 9.2%. The 50 day moving average now sits at 145.44 while the 200 day moving average is 144.49. The market cap for the company is $13,211m. Find out more information at: https://www.packagingcorp.com [stock_market_widget type="chart" template="basic" color="green" assets="PKG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $14,432m based on the market concensus. Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and 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 products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.
Packaging Corporation of America (NYSE: PKG) Q2 2022 earnings call dated Jul. 26, 2022
A Relative Strength Rating upgrade for Packaging Corp. of America stock shows improving technical performance.
Packaging Corporation of America (NYSE:NYSE:PKG) Q2 2022 Earnings Conference Call July 26, 2022 9:00 AM ET Company Participants Mark Kowlzan – Chairman and Chief Executive Officer Tom…
https://www.investing.com/news/pro/packaging-corp-of-america-pt-lowered-to-152-at-cfra-432SI-2854296
(RTTNews) - Packaging Corporation of America (PKG) revealed a profit for its second quarter that increased from the same period last year and beat the Street estimates. The company''s bottom line totaled $301.5 million, or $3.20 per share. This compares with $207.3 million, or $2.17 per share, in last year''s second quarter. Excluding items,…
LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) today reported second quarter 2022 net income of $301 million, or $3.20 per share, and net income of $304 million, or $3.23 per share, excluding special items. Second quarter net sales were $2.2 billion in 2022 and $1.9 billion in 2021. Diluted earnings per share attributable to Packaging Corporation of America shareholders Three Months Ended June 30 2022 2021 Change Reported Diluted EPS $ 3.2
Pre-open movers U.S. stock futures traded higher in early pre-market trade on Monday after the Nasdaq Composite jumped around 1.4% the previous session. Investors are awaiting earnings results from RPM International Inc. (NYSE: RPM ), Whirlpool Corporation (NYSE: WHR ) and Packaging Corporation of America (NYSE: PKG ). The Chicago Fed National Activity Index for June is scheduled for release at 8:30 a.m. ET, while the Dallas Fed''s general activity index for July will be released at 10:30 a.m. ET. This Healthcare Stock Jumped 110%; Here Are 64 Biggest Movers From Yesterday Futures for the Dow Jones Industrial Average gained 121 points to 31,996.00 while the Standard & Poor’s 500 index futures rose 16.75 points to 3,981.75. Futures for the Nasdaq index rose 61.50 points to 12,485.00. Oil prices traded higher as Brent crude futures rose 0.9% to trade at $99.25 per barrel, while US WTI crude futures rose 1% to trade at $95.64 a barrel. The U.S. has … Full story available on Benzinga.com
Packaging Corp of America (NYSE: PKG ) is set to give its latest quarterly earnings report on Monday, 2022-07-25. Here''s what investors need to know before the announcement. Analysts estimate that Packaging Corp of America will report an earnings per share (EPS) of $2.85. Packaging Corp of America bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or … Full story available on Benzinga.com
Packaging Corporation of Americ with ticker code (PKG) now have 10 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 182 and 142 and has a mean target at 155.2. Now with the previous closing price of 139.03 this would imply there is a potential upside of 11.6%. The 50 day MA is 147.13 and the 200 moving average now moves to 144.5. The company has a market capitalisation of $13,293m. Visit the company website at: https://www.packagingcorp.com [stock_market_widget type="chart" template="basic" color="green" assets="PKG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $14,839m based on the market concensus. Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and 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 products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.
Packaging Corporation of America (NYSE: PKG) will hold a conference call on Tuesday, July 26, 2022 at 9:00 a.m. Eastern Time to discuss second quarter
NEW YORK , July 4, 2022 /PRNewswire/ -- Corrugated boxes are paper-based carton boxes that are used for packaging various durable and non-durable commodities. These boxes are durable, flexible, and lightweight and are cost-effective. They are used for packaging industrial and consumer goods. They are used as shelf-ready packaging (SRP) boxes by retailers in stores. The corrugated box market size is expected to grow by 798.44 bn sq ft from 2020 to 2025, according to Technavio. Moreover, the growth momentum of the market will accelerate at a CAGR of 6.23% during the forecast period. Technavio offers additional market insights that assist global businesses to obtain growth opportunities. Read a Sample Report Corrugated Box Market 2021-2025: Vendor Analysis and Scope The corrugated box market is fragmented, and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market. Some of the major vendors of the corrugated box market include Amcor Plc, BillerudKorsnas AB, DS Smith Plc, Georgia-Pacific LLC, International Paper Co., Mondi Group, Orora Packaging Australia Pty Ltd., Packaging Corp. of America, Smurfit Kappa Group Plc, and WestRock Co.
Packaging Corporation of America has held up surprisingly well during this recent severe market downturn. See if PKG stock is a solid prospect for value-oriented investors to consider.
Packaging Corporation Of America saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96.
Packaging Corporation of Americ with ticker code (PKG) have now 10 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 190 and 154 with a mean TP of 167.4. Given that the stocks previous close was at 159.62 this now indicates there is a potential upside of 4.9%. The day 50 moving average is 158.24 and the 200 moving average now moves to 145.41. The company has a market capitalisation of $14,632m. Company Website: https://www.packagingcorp.com [stock_market_widget type="chart" template="basic" color="green" assets="PKG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $15,346m based on the market concensus. Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and 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 products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.
Packaging Corporation of America (NYSE: PKG) has rewarded its shareholders by announcing a hike in its annual dividend rate. The manufacturer of containerboard products has been offering incremental dividends for the last 13 years. Shares of this $14.2-billion company closed at $151.02 on Wednesday. Inside the Headlines The company''s annual dividend rate has been increased to $5 per share from the earlier rate of $4 per share. This represents a rise of 25% in the annual rate. Consequently, the company’s quarterly dividend rate now comes at $1.25 per share, higher than the previous rate of $1 per share.
Packaging (NYSE:PKG) declares $1.25/share quarterly dividend, 25% increase from prior dividend of $1.00.Forward yield 3.31%Payable July 15; for shareholders of record June 15; ex-div June…
Packaging Corp. of America (PKG) 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. PKG is probably as boring as it gets. In a world that is becoming more digitized, old-school companies that produce packaging and paper are often cast aside in favor of the latest technology trend.
Packaging Corporation of America (NYSE:NYSE:PKG) Q1 2022 Earnings Conference Call April 26, 2022 9:00 AM ET Company Participants Mark Kowlzan - Chairman and CEO Thomas Hassfurther - EVP,…
Packaging Corporation of America (NYSE: PKG) has reported upbeat results for the first quarter of 2022. Earnings in the quarter surpassed the consensus estimate by 7.9%, and sales exceeded the same by 2.9%. Shares of this $15.2-billion company inched up 0.7% on Monday, closing the trading session at $162.29. Packaging Corporation manufactures container products. It has headquarters in Lake Forest, IL. Financial Highlights Packaging Corporation’s adjusted earnings were 2.72 per share in the second quarter, higher than the consensus estimate of $2.52 per share. On a year-over-year basis, the bottom line increased 53.7% driven by healthy revenue generation, offset by higher costs and expenses. Revenues in the quarter totaled $2.
These are the stocks posting the largest moves in after hours trading.
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The report on Global Folding Paperboard Boxes Market has been provided by researchers for a detailed understanding of market performance over an estimated period of time set from 2021 to 2026. However, this report has introduced a brief overview to provide the reader with better information on this report. This brief description contains a basic []
VANCOUVER, British Columbia, July 14, 2021 (GLOBE NEWSWIRE) -- ParcelPal Logistics Inc. (the Company or ParcelPal), (OTC:PTNYF) (CSE:PKG) (FSE:PT0) is pleased to announce that it has signed a letter of intent with a United States delivery service company (Acquiree). In its most recent fiscal year 2020, Acquiree generated gross revenues of approximately $4.6M USD.
VANCOUVER, British Columbia, July 12, 2021 (GLOBE NEWSWIRE) -- ParcelPal Logistics Inc. (the Company or ParcelPal), (OTC:PTNYF) (CSE:PKG) (FSE:PT0) is pleased to announce a partnership with Mainstreet Research (Mainstreet). Mainstreet Research is recognized as one of Canadas top public opinion and market research firms. Mainstreet uses algorithms and data to deliver the insights that are critical to business decisions.
The business report curated by Zion Market Research on the global Corrugated Packaging Market offers a deep understanding of market scope, definition, and potential. It is focused to reveal in-depth analysis and organized explanations of current market trends to let users make effective decisions. The report encompasses the comprehensive assessment of planning and strategies adopted by prominent []
VANCOUVER, British Columbia, July 06, 2021 (GLOBE NEWSWIRE) -- ParcelPal Logistics Inc. (the Company or ParcelPal), (OTC:PTNYF) (CSE:PKG) (FSE:PT0) is pleased to announce the signing of an agreement for its first warehouse in the Vancouver area to help with its continued growth.
Packaging Corporation of Americ with ticker code (PKG) now have 10 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 174 and 114 with a mean TP of 146.1. Now with the previous closing price of 135.42 this now indicates there is a potential upside of 7.9%. The 50 day MA is 143.93 and the 200 moving average now moves to 139.69. The company has a market cap of $12,970m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="PKG" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and 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 products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.
Rating Action: Moody''s affirms Packaging Corporation''s Baa2 ratings; outlook stable Read the full article at Moody''s
This is the 2nd day in a row pkg has seen its price head down. The post Packaging Corp Of America (PKG): Price Now Near $134.79; Daily Chart Shows Downtrend on 20 Day Basis appeared first on ETF Daily News .
If you''re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The post Packaging Corp Of America (PKG): Price Now Near $134.94; Daily Chart Shows Downtrend on 50 Day Basis appeared first on ETF Daily News .
LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will hold a conference call on Tuesday, July 27, 2021 at 9:00 a.m. Eastern Time to discuss second quarter 2021 results. Second quarter earnings results will be released after the market closes on Monday, July 26, 2021. To access the conference call, please dial (855) 730-0288 (U.S. and Canada) or (832) 412-2295 (International) by 8:45 a.m. (Eastern Time). The conference call leader will be Mark Kowlzan, and the con
Packaging Corporation of Americ found using ticker (PKG) now have 10 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 174 and 114 calculating the mean target price we have 145.1. Given that the stocks previous close was at 138.62 this would indicate that there is a potential upside of 4.7%. The day 50 moving average is 148.75 and the 200 moving average now moves to 139.63. The company has a market capitalisation of $12,711m. Company Website: /> [stock_market_widget type="chart" symbol="PKG" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and 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 products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.
VANCOUVER, British Columbia, June 17, 2021 (GLOBE NEWSWIRE) -- ParcelPal Logistics Inc. (formerly ParcelPal Technology Inc.), (CSE:PKG) (OTC:PTNYF) (FSE:PT0) (the Company or ParcelPal) is pleased to announce that further to its news release dated June 14, 2021, the Company has changed its name from ParcelPal Technology Inc. to ParcelPal Logistics Inc.. The Companys common shares will begin trading under the new name on June 18, 2021. There will be no change to the symbol and the Companys common shares will continue to trade under the ticker PKG. The CUSIP number assigned to the Companys shares following the name change is 69938P106 (ISIN: CA69938P1062). No action is required to be taken by shareholders with respect to the name change. Outstanding share certificates are not affected by the name change and do not need to be exchanged.
Toronto, Ontario(Newsfile Corp. le 16 juin/June 2021) ParcelPal Technology Inc. has announced a name change to ParcelPal Logistics Inc. Shares will begin trading under the new name and with a new CUSIP number on June 18, 2021. The symbol will remain the same. Disclosure documents are available at www.thecse.com Please note that all open Read More » CSE Bulletin: Name Change ParcelPal Technology Inc. (PKG) The post CSE Bulletin: Name Change ParcelPal Technology Inc. (PKG) appeared on Stocks News Feed .
The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment -- meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The post Packaging Corp Of America (PKG): Price Now Near $138.93; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News .
VANCOUVER, British Columbia, June 14, 2021 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (ParcelPal or the Company), (OTC:PTNYF) (CSE:PKG) (FSE:PT0) is pleased to announce that, pursuant to a directors resolution, it will change its name to ParcelPal Logistics Inc. There will be no change to the symbol. The Companys common shares will continue to trade under the ticker PKG on the Canadian Securities Exchange (the CSE).
Packaging Corporation of Americ found using ticker (PKG) have now 10 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 166 and 114 calculating the average target price we see 144.3. Given that the stocks previous close was at 146.44 this would imply there is a potential downside of -1.5%. The 50 day moving average now sits at 148.26 and the 200 moving average now moves to 138.86. The company has a market capitalisation of $13,877m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="PKG" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and 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 products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.
VANCOUVER, British Columbia, June 02, 2021 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (ParcelPal or the Company), (OTC:PTNYF) (CSE:PKG) (FSE:PT0) is pleased to announce that the three convertible debt financing instruments entered into in FY 2020 have been converted and retired, including the US$525,000 convertible debenture that was issued by the Company in September 2020. As of the date of this news release, we currently have approximately $500K cash on hand, and an untapped equity facility of $5M available to us at our discretion.
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