Benzinga (Tue, 23-Apr 6:55 AM ET)
Buy Rating Affirmed for Packaging Corp. on Strong Performance and Favorable Valuation
TipRanks (Tue, 23-Apr 5:27 AM ET)
General Motors, Tesla And 3 Stocks To Watch Heading Into Tuesday
Benzinga (Tue, 23-Apr 2:38 AM ET)
Packaging Corp of America beats Q1 expectations, guides Q2 below street view
Seeking Alpha News (Mon, 22-Apr 4:40 PM ET)
Packaging Non-GAAP EPS of $1.72 beats by $0.04, revenue of $1.98B beats by $70M
Seeking Alpha News (Mon, 22-Apr 4:13 PM ET)
Packaging Corporation of America Reports First Quarter 2024 Results
Business Wire (Mon, 22-Apr 4:01 PM ET)
Benzinga (Sun, 21-Apr 5:45 PM ET)
Notable earnings after Monday's close
Seeking Alpha News (Sun, 21-Apr 5:35 PM ET)
Packaging Q1 2024 Earnings Preview
Seeking Alpha News (Sun, 21-Apr 5:35 PM ET)
PRNewswire (Mon, 1-Apr 8:30 AM ET)
Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. The firm differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.
Packaging Of America trades on the NYSE stock market under the symbol PKG.
As of April 23, 2024, PKG stock price declined to $172.34 with 201,286 million shares trading.
PKG has a beta of 0.53, meaning it tends to be less sensitive to market movements. PKG has a correlation of 0.08 to the broad based SPY ETF.
PKG has a market cap of $15.49 billion. This is considered a Large Cap stock.
Last quarter Packaging Of America reported $2 billion in Revenue and $1.72 earnings per share. This beat revenue expectation by $70 million and exceeded earnings estimates by $.04.
In the last 3 years, PKG stock traded as high as $191.27 and as low as $110.56.
The top ETF exchange traded funds that PKG belongs to (by Net Assets): VTI, VOO, VO, SCHD, SPY.
PKG has outperformed the market in the last year with a return of +23.8%, while the SPY ETF gained +23.8%. In the last 3 month period, PKG beat the market returning +5.1%, while SPY returned +4.5%. However, in the most recent 2 weeks PKG has underperformed the stock market by returning -9.6%, while SPY returned -2.9%.
PKG support price is $177.04 and resistance is $181.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PKG stock will trade within this expected range on the day.