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Will Earnings Beat Estimates? Packaging Corporation of America (PKG) Stock

BofA Securities lowered the price target for the Packaging Corporation of America (NYSE:PKG) stock from “a Buy” to “a Neutral”. The rating was released on December 15, 2022, according to finviz. We previously noted in another research note published on October 18, 2022 by Deutsche Bank that downgraded the stock from a Hold to a Sell with a price target of $104 for PKG stock. The research report from Jefferies has downgraded the stock from Hold to Underperform, with a price target set at $112. The stock was upgraded by UBS, who disclosed in a research note on February 17, 2022, from Sell to Neutral and set the price objective to $154. In their research brief published January 31, 2022, Truist analysts upgraded the Packaging Corporation of America stock from Hold to Buy with a price target of $170.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Packaging Corporation of America (NYSE:PKG) raised 0.52% to close Thursday’s market session at $129.17, higher as compared to yesterday’s close. The stock price fluctuated between $126.83 and $130.10 throughout the trading session with the volume trading being 794561 shares, which represented a significant variation when compared to the three months average volume of 656.35K shares. The firm’s stock price fluctuated -4.74% within the last five trades and -9.44% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -2.20% in the last 6 months and -5.37% was subtracted to its value over the previous 3 months. PKG stock is trading at a margin of -5.59%, -5.43% and -3.59% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, PKG deals in the Consumer Cyclical domain. The stock is trading -23.34 percent below its 52-week high and 16.84 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -15.8. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Packaging Corporation of America’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 16.80 percent and the profit margin is 12.10 percent, and the company has reported a gross margin of 24.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $11.86 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Packaging Corporation of America (NYSE:PKG) is 11.73. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 14.02. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.40 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.19, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.00 percent of Packaging Corporation of America shares are owned by insiders, and 97.50 percent are held by financial institutions. Mundy Robert P., the EVP & CFO at Packaging Corporation of America (PKG) has sold 13,800 shares of firm on Jun 06 at a price of $160.30 against the total amount of $2.21 million. In another inside trade, Harman Donna A., Director of Packaging Corporation of America (NYSE:PKG) bought 500 shares of the firm on May 25 for a total worth of $76604.0 at a price of $153.21. An inside trade which took place on Apr 27, EVP-Mill Ops. of Packaging Corporation of America Carter Charles J. sold 7,347 shares of firm against total price of $1.2 million at the cost of $163.00 per share.



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