Packaging Corp of America Bolsa (NYSE: PKG)

Últimas noticias sobre Packaging Corp of America (NYSE:PKG) Bolsa

Packaging Corp of America

Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4.5 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 Corporation of America Common Stock

<p>Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) is preparing to release its quarterly earnings on Tuesday, 2024-10-22. Here's a brief overview of what investors should keep in mind before the announcement.</p>
<p>Analysts expect Packaging Corp of America to report an <strong>earnings per share</strong> (EPS) of $2.49.</p>
<p>Anticipation surrounds Packaging Corp of America's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.</p>
<p>New investors should understand that while earnings performance is important, market reactions are often driven by guidance.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.06, which was followed by a 0.24% increase in the share price the next day.</p>
<p>Here's a look at Packaging Corp of America's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>2.14</td>
<td>1.68</td>
<td>1.83</td>
<td>1.93</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>2.20</td>
<td>1.72</td>
<td>2.13</td>
<td>2.05</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>0.0%</td>
<td>-5.0%</td>
<td>4.0%</td>
<td>3.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729533657_0.png" alt="eps graph" /></p>
<h3>Market Performance of Packaging Corp of America's Stock</h3>
<p>Shares of Packaging Corp of America were trading at $220.12 as of October 18. Over the last 52-week period, shares are up 47.24%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<h3>Analyst Observations about Packaging Corp of America</h3>
<p>For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Packaging Corp of America.</p>
<p>The consensus rating for Packaging Corp of America is Buy, based on 5 analyst ratings. With an average one-year price target of $226.4, there's a potential 2.85% upside.</p>
<h3>Peer Ratings Overview</h3>
<p>This comparison focuses on the analyst ratings and average 1-year price targets of Avery Dennison, International Paper and Graphic Packaging Holding, three major players in the industry, shedding light on their relative performance expectations and market positioning.</p>
<ul>
<li>As per analysts' assessments, Avery Dennison is favoring an Outperform trajectory, with an average 1-year price target of $248.43, suggesting a potential 12.86% upside.</li>
<li>As per analysts' assessments, International Paper is favoring an Buy trajectory, with an average 1-year price target of $52.5, suggesting a potential 76.15% downside.</li>
<li>The consensus outlook from analysts is an Outperform trajectory for Graphic Packaging Holding, with an average 1-year price target of $33.0, indicating a potential 85.01% downside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
<p>The peer analysis summary provides a snapshot of key metrics for Avery Dennison, International Paper and Graphic Packaging Holding, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Packaging Corp of America</td>
<td>Buy</td>
<td>6.31%</td>
<td>$437.70M</td>
<td>4.84%</td>
</tr>
<tr>
<td>Avery Dennison</td>
<td>Outperform</td>
<td>6.93%</td>
<td>$662.70M</td>
<td>7.87%</td>
</tr>
<tr>
<td>International Paper</td>
<td>Buy</td>
<td>1.11%</td>
<td>$1.37B</td>
<td>5.91%</td>
</tr>
<tr>
<td>Graphic Packaging Holding</td>
<td>Outperform</td>
<td>-6.48%</td>
<td>$481M</td>
<td>6.70%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>Packaging Corp of America ranks at the top for Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth.</p>
<h3>Unveiling the Story Behind Packaging Corp of America</h3>
<p>Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4.5 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.</p>
<h3>Packaging Corp of America's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Highlights:</strong> Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.</p>
<p><strong>Revenue Growth:</strong> Packaging Corp of America's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately <strong>6.31%</strong>. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>9.52%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>4.84%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>2.21%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.77</strong>, Packaging Corp of America adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<p><a href="https://www.benzinga.com/quote/PKG/earnings"><strong>To track all earnings releases for Packaging Corp of America visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings

Packaging Corp of America's Earnings: A Preview

<p>Truist Securities  analyst Michael Roxland   maintains Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) with a Buy and raises the price target from $219 to $242.</p>


News

Price Target

Analyst Ratings

Truist Securities Maintains Buy on Packaging Corp of America, Raises Price Target to $242

<p><strong>Packaging Corp of America's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) short percent of float has risen 18.63% since its last report. The company recently reported that it has <strong>1.65 million shares sold short</strong>, which is 2.42% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.14 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Packaging Corp of America Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728394220_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Packaging Corp of America has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Packaging Corp of America's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Packaging Corp of America's peer group average for short interest as a percentage of float is 5.09%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

Trading Ideas

(PKG) - Analyzing Packaging Corp of America's Short Interest

<p>Wells Fargo  analyst Gabe Hajde   maintains Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) with a Overweight and raises the price target from $215 to $235.</p>


Wells Fargo Maintains Overweight on Packaging Corp of America, Raises Price Target to $235

<p>6 analysts have expressed a variety of opinions on Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $208.5, with a high estimate of $221.00 and a low estimate of $187.00. This current average has increased by 5.3% from the previous average price target of $198.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727902876_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>A clear picture of Packaging Corp of America's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$221.00</td>
<td>$199.00</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$215.00</td>
<td>$194.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$219.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$215.00</td>
<td>$208.00</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$194.00</td>
<td>$191.00</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$187.00</td>
<td>$181.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Packaging Corp of America. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Packaging Corp of America compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts explore the dynamics of price targets, providing estimates for the future value of Packaging Corp of America's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Packaging Corp of America's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/PKG/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Packaging Corp of America analyst ratings.</strong></a></p>
<h2>Get to Know Packaging Corp of America Better</h2>
<p>Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4.5 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.</p>
<h3>Financial Insights: Packaging Corp of America</h3>
<p><strong>Market Capitalization:</strong> Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.</p>
<p><strong>Revenue Growth:</strong> Packaging Corp of America displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately <strong>6.31%</strong>. This indicates a notable increase in the company's top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> Packaging Corp of America's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>9.52%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Packaging Corp of America's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of <strong>4.84%,</strong> the company may encounter challenges in delivering satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>2.21%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.77</strong>.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings For Packaging Corp of America

<p>Citigroup  analyst Anthony Pettinari   maintains Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) with a Neutral and raises the price target from $199 to $221.</p>


Citigroup Maintains Neutral on Packaging Corp of America, Raises Price Target to $221

<p>Momentum investing revolves around the idea of following a stock&#39;s recent trend in either direction. In the &#39;long&#39; context, investors will be essentially be &quot;buying high, but hoping to sell even higher.&quot; With this methodology, taking advantage of trends in a stock&#39;s price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.</p>
<p>Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score helps address this issue for us.</p>
<p>Below, we take a look at <strong>Packaging Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pkg#NYSE">PKG</a>), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.</p>
<p>It&#39;s also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Packaging Corp. Currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.</p>
<h2>Set to Beat the Market?</h2>
<p>In order to see if PKG is a promising momentum pick, let&#39;s examine some Momentum Style elements to see if this maker of containerboard and corrugated packaging products holds up.</p>
<p>Looking at a stock&#39;s short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It&#39;s also helpful to compare a security to its industry; this can show investors the best companies in a particular area.</p>
<p>For PKG, shares are up 1.25% over the past week while the Zacks Containers - Paper and Packaging industry is up 2.38% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 4.46% compares favorably with the industry&#39;s 1.77% performance as well.</p>
<p>While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of Packaging Corp. Have increased 16.62% over the past quarter, and have gained 42.83% in the last year. On the other hand, the S&amp;P 500 has only moved 4.57% and 31.09%, respectively.</p>
<p>Investors should also pay attention to PKG&#39;s average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. PKG is currently averaging 512,829 shares for the last 20 days.</p>
<h2>Earnings Outlook</h2>
<p>The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock&#39;s price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with PKG.</p>
<p>Over the past two months, 5 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost PKG&#39;s consensus estimate, increasing from $8.50 to $8.72 in the past 60 days. Looking at the next fiscal year, 5 estimates have moved upwards while there have been no downward revisions in the same time period.</p>
<h2>Bottom Line</h2>
<p>Taking into account all of these elements, it should come as no surprise that PKG is a #2 (Buy) stock with a Momentum Score of B. If you&#39;ve been searching for a fresh pick that&#39;s set to rise in the near-term, make sure to keep Packaging Corp. On your short list.</p>
<p><a href="https://www.zacks.com/stock/news/2340049/are-you-looking-for-a-top-momentum-pick-why-packaging-corp-pkg-is-a-great-choice?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_10-2340049">To read this article on Zacks.com click here.</a></p>


Large Cap

Markets

Are You Looking for a Top Momentum Pick? Why Packaging Corp. is a Great Choice

WIIM

Packaging Corporation of America and International Paper shares are trading higher after analysts reported Cascades announced a containerboard price increase.

Watching Packaging Corporation of America, International Paper; Shares See Spike In Price As Citi Reported Cascades Announced A Containerboard Price Increase Effective Oct. 7; $40/Ton Linerboard Increase, $70/Ton Corrugating Medium Increase, $40/Ton Increase In Its White-Top Linerboard; Traders Circulate Other Containerboard Manufactures Could See A Price Increase

<p><strong>Packaging Corp of America's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) short percent of float has fallen 8.22% since its last report. The company recently reported that it has <strong>1.37 million shares sold short</strong>, which is 2.01% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.05 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Packaging Corp of America Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724771710_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Packaging Corp of America has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Packaging Corp of America's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Packaging Corp of America's peer group average for short interest as a percentage of float is 4.70%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Looking Into Packaging Corp of America's Recent Short Interest

<p>Shares of <strong>Karat Packaging, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krt#NASDAQ">KRT</a>) have lost 8.5% since the company reported lower-than-expected second-quarter 2024 revenues and earnings per share on Aug 8, 2024. The quarterly adjusted EPS of 49 cents missed the Zacks Consensus Estimate of 60 cents and declined 29% year over year. The downfall was due to unfavorable year-over-year pricing comparison, higher freight costs and an increase in operating expenses in the quarter.&nbsp;</p>
<p>Including one-time items, EPS was 45 cents compared with the year-ago quarter&#39;s 53 cents.</p>
<p>Total revenues increased 3.5% year over year to $112.6 million. The top line missed the Zacks Consensus Estimate of $114 million. The increase primarily reflected higher volumes, a change in product mix and the inclusion of online sales platform fees. This was partially offset by an unfavorable year-over-year pricing comparison.</p>
<div class="chart_embed">
<h3>Karat Packaging Inc. Price, Consensus and EPS Surprise</h3>
<h3><img alt="Karat Packaging Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/c2/1724072873.png" style="height:289px; width:620px" title="" /></h3>
<p>Karat Packaging Inc. price-consensus-eps-surprise-chart | Karat Packaging Inc. Quote</p>
</div>
<h3>Operational Update</h3>
<p>The cost of sales increased 3.5% year over year to $69 million. Gross profit rose 3.7% year over year to $43 million. The gross margin was 38.5%, flat with the year-ago quarter.</p>
<p>The second-quarter gross margin included a net favorable impact of 90 basis points from the inclusion of online platform fees in net sales and production expenses in the cost of goods sold.&nbsp; This was offset by higher ocean freight costs during the quarter.&nbsp;</p>
<p>Operating expenses were $32.3 million compared with $28.5 million in the year-ago quarter. Expenses were higher in the quarter attributed to the inclusion of online sales platform fees, an increase in rent and warehouse expenses, online marketing expenses as well as higher stock compensation expenses. These were partially offset by the inclusion of production expense in cost of goods sold and a decrease in impairment expense and loss on disposal of machinery.</p>
<p>Adjusted EBITDA declined 26% year over year to $15.7 million. The adjusted EBITDA margin was 13.9% compared with 19.4% in the second quarter of 2023.</p>
<h3>Cash Position</h3>
<p>Karat Packaging reported cash and cash equivalents of $19.3 million as of Jun 30, 2024, down from $23 million as of Dec 31, 2023. The company generated $20 million of cash flow from operations in the first half of 2024 compared with $31 million in the prior-year comparable period.</p>
<h3>Guidance For Q3 &amp; 2024</h3>
<p>KRT anticipates the year-over-year growth in sales to be in the mid to high-single-digit range for the third quarter. The gross margin is projected between 38% and 39%. The company reported a gross margin of 36.9% in the third quarter of 2023.</p>
<p>For 2024, sales growth is forecast to be in the mid-single digits from the previous year level. The targeted gross margin for the year is between 38% and 40%.</p>
<h3>Price Performance</h3>
<p>Shares of the company have gained 3.1% year to date compared with the industry&#39;s 9.3% growth.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6c/74608.jpg?v=1099425883" style="height:316px; width:620px" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Zacks Rank</h3>
<p>Karat Packaging currently carries a Zacks Rank #3 (Hold).</p>
<h3>Performances of Other Packaging Stocks</h3>
<p><strong>Packaging Corporation of America</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pkg#NYSE">PKG</a>) reported an adjusted EPS of $2.20 in the second quarter of 2024, which beat the Zacks Consensus Estimate of $2.12. The reported figure was higher than the company&#39;s guidance of $2.07. However, the bottom line decreased 5% year over year.</p>
<p>Sales in the second quarter grew 6.3% year over year to $2.08 billion. The top line beat the Zacks Consensus Estimate of $2.03 billion.</p>
<p><strong>Sealed Air Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/see#NYSE">SEE</a>) reported second-quarter adjusted EPS of 83 cents, which surpassed the Zacks Consensus Estimate of 64 cents by a margin of 29.7%. The bottom line increased 4% year over year.&nbsp;</p>
<p>Results benefited from the company&#39;s cost take-out to grow program and cost-control initiatives. Improvements in the Food segment&#39;s results helped offset the continued weakness in the Protective segment. This was partially offset by unfavorable price realization.</p>
<p>Total revenues were $1.35 billion, which beat the Zacks Consensus Estimate of $1.31 billion. The figure was down 2.6% from $1.38 billion in the second quarter of 2023.</p>
<p><strong>Graphic Packaging</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gpk#NYSE">GPK</a>) reported quarterly earnings of 60 cents per share, which beat the Zacks Consensus Estimate of 56 cents. The figure declined from earnings of 66 cents per share in the year-ago quarter.</p>
<p>GPK&#39;s revenues were $2.24 billion, which missed the consensus estimate of $2.29 billion. Revenues were down 6.5% from the year-ago quarter&#39;s $2.39 billion.</p>
<p><a href="https://www.zacks.com/stock/news/2323907/karat-packaging-krt-stock-dips-on-q2-earnings-revenue-miss?cid=CS-BENZ-FT-analyst_blog|earnings_article-2323907">To read this article on Zacks.com click here.</a></p>


Guidance

Small Cap

Karat Packaging Stock Dips on Q2 Earnings & Revenue Miss

<p><strong>Packaging Corp of America's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) short percent of float has risen 8.42% since its last report. The company recently reported that it has <strong>1.49 million shares sold short</strong>, which is 2.19% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.98 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Packaging Corp of America Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722619816_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Packaging Corp of America has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Packaging Corp of America's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Packaging Corp of America's peer group average for short interest as a percentage of float is 4.38%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Peering Into Packaging Corp of America's Recent Short Interest

<p><strong>AptarGroup, Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atr#NYSE">ATR</a>) reported second-quarter 2024 adjusted earnings per share of $1.37, beating the Zacks Consensus Estimate of $1.36. The bottom line increased 12% year over year from $1.22 (including comparable exchange rates).</p>
<p>On a reported basis, earnings per share were $1.34 compared with the year-ago quarter&#39;s $1.24.</p>
<p>Total revenues increased 1.6% year over year to $910 million in the reported quarter. The reported figure missed the Zacks Consensus Estimate of $923 million. Core sales, excluding currency and acquisition effects, improved 3% year over year. The upside was driven by the solid performance in the Pharma segment. We expected core sales to be up 2.6% in the quarter.</p>
<div class="chart_embed">
<h3>AptarGroup, Inc. Price, Consensus and EPS Surprise</h3>
<h3><img alt="AptarGroup, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/a2/1722004605.png" style="height:281px; width:620px" title="" /></h3>
<p>AptarGroup, Inc. price-consensus-eps-surprise-chart | AptarGroup, Inc. Quote</p>
</div>
<h3>Operational Update</h3>
<p>Cost of sales fell 1.1% year over year to $567 million. Gross profit improved 6.3% year over year to $343 million. The gross margin expanded to 37.6% in the reported quarter compared with the prior-year quarter&#39;s 36%.</p>
<p>Selling, research, development and administrative expenses increased 5.76% year over year to $149 million. Adjusted operating income increased 7.54% year over year to $128 million. The adjusted operating margin was 14% in the reported quarter, up from the year-ago quarter&#39;s 13.3%. Adjusted EBITDA rose 6.5% year over year to $193 million in the second quarter.</p>
<h3>Segmental Performances</h3>
<p>Total revenues in the Pharma segment increased 6.1% year over year to $415 million. The reported figure surpassed our estimate of $410 million. Adjusted operating income in the quarter rose 13.5% year over year to $112 million. We predicted a quarterly adjusted operating income of $108 million.</p>
<p>Total revenues in the Beauty segment decreased 2.5% year over year to $321 322 million. Our estimate for the segment&#39;s revenues was $335 million. Operating income improved 8.62% year over year to $24 million in the second quarter. The reported figure surpassed our estimate of operating income of $23 million.</p>
<p>Total revenues in the Closures segment decreased 0.9% year over year to $174 million. We estimated revenues to be $180 million in the quarter. Operating income was $13 million in second-quarter 2023, reflecting a fall of 12.3% from the year-ago quarter. Our prediction for the quarter was $15 million.</p>
<h3>Financial Performance</h3>
<p>ATR reported cash and cash equivalents of $221 million as of Jun 30, 2024, down from $224 million as of Dec 31, 2023. The company generated $144 million of cash flow from operations in the second quarter of 2023 2024 compared with $84 million in the prior-year quarter.</p>
<h3>Outlook</h3>
<p>AptarGroup estimates third-quarter 2024 adjusted earnings per share of $1.38-$1.46.</p>
<h3>Price Performance</h3>
<p>ATR shares have gained 19.5% in the past year compared with the industry&#39;s growth of 9.4%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/00/72601.jpg?v=1979531236" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Zacks Rank</h3>
<p>AptarGroup currently has a Zacks Rank #3 (Hold).</p>
<h3>Peer Q2 Performance</h3>
<p><strong>Greif, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gef#NYSE">GEF</a>) reported adjusted earnings per share of 82 cents in second-quarter fiscal 2024 (ended Apr 30, 2024), which surpassed the Zacks Consensus Estimate of 77 cents. The bottom line fell 54% year over year. Results were impacted by elevated raw material, transportation and manufacturing costs, and higher SG&amp;A expenses, reflecting increased compensation expenses and costs incurred for strategic investments.</p>
<p>Sales rose 4.1% year over year to $1.37 billion. The top line surpassed the Zacks Consensus Estimate of $1.31 billion.</p>
<p><strong>Packaging Corporation of America</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pkg#NYSE">PKG</a>) reported adjusted earnings per share of $2.20 in the second quarter of 2024, beating the Zacks Consensus Estimate of $2.12. The reported figure was higher than the company&#39;s guidance of $2.07 in the quarter under review. However, the bottom line decreased 5% year over year.</p>
<p>Sales in the second quarter grew 6.3% year over year to $2.08 billion. The top line beat the Zacks Consensus Estimate of $2.03 billion.</p>
<h3>Packaging Stock Awaiting Results</h3>
<p><strong>Sealed Air Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/see#NYSE">SEE</a>), scheduled to release second-quarter 2024 results on Aug 8, has a trailing four-quarter average surprise of 32.3%. The Zacks Consensus Estimate for SEE&#39;s second-quarter 2024 earnings is pegged at 64 cents per share, suggesting a year-over-year fall of 20%.</p>
<p>The Zacks Consensus Estimate for the company&#39;s top line is pegged at $1.31 billion, indicating a decrease of 5.3% from the prior-year reported figure.</p>
<p><a href="https://www.zacks.com/stock/news/2310321/aptargroup-atr-earnings-beat-estimates-in-q2-increase-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2310321">To read this article on Zacks.com click here.</a></p>


Earnings Beats

AptarGroup Earnings Beat Estimates in Q2, Increase Y/Y

<p>Wells Fargo  analyst Gabe Hajde   maintains Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) with a Overweight and raises the price target from $194 to $215.</p>


Wells Fargo Maintains Overweight on Packaging Corp of America, Raises Price Target to $215

<p>U.S. stock markets tumbled on Jul 24, following weaker-than-expected earnings results of a couple of so-called &quot;Magnificent 7&quot; stocks. The three major stock indexes &mdash; the Dow, the S&amp;P 500 and the Nasdaq Composite &mdash; plummeted 1.3% (504.22 points), 2.3% (128.61 points) and 3.6% (654.94 points), respectively. The S&amp;P 500 and the Nasdaq Composite posted their worst single-day performance since 2022.</p>
<p>Wall Street witnessed an impressive bull run in the past 19 months, barring some minor fluctuations. The rally was predominantly driven by big technology stocks, buoyed by the astonishing adoption of generative artificial intelligence globally. Consequently, several AI-centric stocks skyrocketed 200-300% during this period.</p>
<p>However, the situation started changing this month as investors&#39; preferences shifted from highly overvalued technology stocks to beaten-down rate-sensitive cyclical stocks. This happened after market participants&#39; expectations of two Fed rate cuts of 25 basis points this year jumped to more than 90%.</p>
<p>In addition, lower-than-expected earnings of AI-centric big tech stocks rattled investors&#39; sentiment on whether these companies will be able to deliver in the near future in order to support their overstretched valuations.&nbsp;</p>
<p>We believe, the market may remain volatile in the near future as a lot of big tech stocks are yet to report quarterly financial results. Any deviation from the market&#39;s expectations with respect to any metric (financial or operational) will result in volatility.</p>
<p>At this stage, investment in low-beta stocks with a high dividend yield and a favorable Zacks Rank may be the best option. If markets regain momentum, the favorable Zacks Rank of these stocks will capture the upside potential. However, if the downtrend continues, low-beta stocks will minimize portfolio losses and dividend payments will act as a regular income stream.&nbsp;</p>
<h3>Our Top Picks</h3>
<p>We have narrowed our search to five low-beta (beta &gt;0 &lt;1) stocks with a solid dividend yield. These companies have strong growth potential for the rest of 2024 and have seen positive earnings estimate revisions in the past 30 days. Each of our picks carries a Zacks Rank #1 (Strong Buy).</p>
<p>The chart below shows the price performance of our five picks year to date.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/02/72393.jpg?v=1035244647" style="border-style:solid; border-width:1px" /></p>
<p>Image Source: Zacks Investment Research</p>
<p><strong>Interactive Brokers Group Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibkr#NASDAQ">IBKR</a>) is a global automated electronic broker. IBKR&#39;s efforts to develop proprietary software, low compensation expenses relative to net revenues, an increase in emerging market customers and higher interest rates are expected to boost revenues in the upcoming quarters.&nbsp;</p>
<p>IBKR executes, processes and trades in cryptocurrencies too. The commodities futures trading desk of IBKR also offers customers a chance to trade cryptocurrency futures. We project total net revenues to witness a CAGR of 5.2% over the next three years. IBKR&#39;s enhanced capital distribution plans seem sustainable given a solid liquidity position.</p>
<p>Interactive Brokers Group has an expected revenue and earnings growth rate of 14.7% and 17.6%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.2% over the past 30 days. IBKR has a beta of 0.81 and a current dividend yield of 0.82%.</p>
<p><strong>Reinsurance Group of America Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rga#NYSE">RGA</a>) steadily benefits from a mix of organic and transactional opportunities. RGA&#39;s niche position in reinsurance markets and expansion of international footprint are positives. Individual mortality has matured and provides a base for stable earnings.&nbsp;</p>
<p>Significant value embedded in the in-force business should generate predictable long-term earnings. RGA is poised to benefit from improving life reinsurance pricing environment and higher investment income. A solid solvency position reflects RGA&#39;s ability to make interest payments.</p>
<p>Reinsurance Group of America has an expected revenue and earnings growth rate of 13.4% and 6.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.8% over the past 30 days. RGA has a beta of 0.92 and a current dividend yield of 1.54%.</p>
<p><strong>Packaging Corporation of America </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pkg#NYSE">PKG</a>) is poised well to gain from the strong growth in e-commerce activities that continue to support packaging demand. Stable demand for food, beverages, medication and other consumer products will help sustain the demand for the Packaging segment.</p>
<p>The conversion of the No. 3 paper machine at PKG&#39;s Jackson, AL-based mill to liner board through the past few years will enable the company to meet the increase in demand. PKG anticipates higher total corrugated product shipments in 2024.&nbsp;</p>
<p>Packaging Corporation of America has an expected revenue growth rate of 4.1% for the current year. Although its earnings growth rate is negative for the current year, it is 17.6% for next year. The Zacks Consensus Estimate for current-year earnings has improved 1.7% over the past seven days. PKG has a beta of 0.77 and a current dividend yield of 2.59%.</p>
<p><strong>Franco-Nevada Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnv#NYSE">FNV</a>) is well-poised to deliver strong earnings growth, aided by increased contributions from its streaming agreements. Contributions from buyouts, and a healthy portfolio of royalty and streaming agreements will aid the company&#39;s growth. Even though FNV has been facing lower output due to the production halt in Cobre Panama, it is likely to be offset by FNV&#39;s continued focus on cost management.&nbsp;</p>
<p>FNV has a debt-free balance sheet and uses its free cash flow to expand the portfolio and pay dividends. Gold prices have been on an uptrend this year, aided by geopolitical reasons, a depreciating U.S. dollar, the potential for monetary policy easing and continuous purchasing by central banks.&nbsp;</p>
<p>Franco-Nevada has an expected revenue and earnings growth rate of 9.3% and 12%, respectively, for the next year. The Zacks Consensus Estimate for next-year earnings has improved 1.4% over the past seven days. FNV has a beta of 0.74 and a current dividend yield of 1.15%.</p>
<p><strong>Fox Corp. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fox#NASDAQ">FOX</a>) operates as a news, sports, and entertainment company in the United States. FOX operates through Cable Network Programming, Television, and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution.&nbsp;</p>
<p>The U.S. Television segment produces, acquires, markets, and distributes programming through the FOX broadcast network, advertising supported video-on-demand service Tubi, and power broadcast television stations including digital platform. Other, Corporate and Eliminations segment comprises FOX Studio Lot which provides television and film production services including office space, studio operation services, and facility operations, and Credible, a U.S. consumer finance marketplace.</p>
<p>FOX has an expected revenue and earnings growth rate of 9.7% and 10.5%, respectively, for the current year (ending June 2025). The Zacks Consensus Estimate for current-year earnings has improved 0.5% over the past 30 days. FOX has a beta of 0.82 and a current dividend yield of 1.51%.</p>
<p><a href="https://www.zacks.com/stock/news/2308790/top-5-low-beta-high-yielding-stocks-to-shield-your-portfolio?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2308790">To read this article on Zacks.com click here.</a></p>


Entertainment

Dividends

Commodities

Tech

General

IBKR

Top 5 Low-Beta High-Yielding Stocks to Shield Your Portfolio

<p>Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $203.83, with a high estimate of $219.00 and a low estimate of $187.00. Witnessing a positive shift, the current average has risen by 3.38% from the previous average price target of $197.17.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721923214_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>The analysis of recent analyst actions sheds light on the perception of Packaging Corp of America by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$219.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$215.00</td>
<td>$208.00</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$194.00</td>
<td>$191.00</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$187.00</td>
<td>$181.00</td>
</tr>
<tr>
<td>George Staphos</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$197.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$208.00</td>
<td>$191.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Packaging Corp of America. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Packaging Corp of America compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of Packaging Corp of America's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Capture valuable insights into Packaging Corp of America's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/PKG/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Packaging Corp of America analyst ratings.</strong></a></p>
<h2>Get to Know Packaging Corp of America Better</h2>
<p>Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4.5 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.</p>
<h3>Packaging Corp of America's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.</p>
<p><strong>Revenue Growth:</strong> Packaging Corp of America's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately <strong>0.16%</strong>. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> Packaging Corp of America's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>7.37%</strong> net margin, the company effectively manages costs and achieves strong profitability.</p>
<p><strong>Return on Equity (ROE):</strong> Packaging Corp of America's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>3.63%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Packaging Corp of America's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of <strong>1.66%,</strong> the company showcases efficient use of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.78</strong>.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


What 6 Analyst Ratings Have To Say About Packaging Corp of America

<p>Truist Securities  analyst Michael Roxland   maintains Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) with a Buy and raises the price target from $215 to $219.</p>


Truist Securities Maintains Buy on Packaging Corp of America, Raises Price Target to $219

<p>It expects shipments-per-day to continue to strengthen, potentially setting a new&nbsp;third quarter&nbsp;record, and higher containerboard volume.&nbsp;&nbsp;Paper volume will be slightly lower primarily due to the timing of the back-to-school business received in the&nbsp;second quarter.</p>


Packaging Corporation Of America Expects Q3 EPS Of $2.45, Est $2.43

<p>Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) reported quarterly earnings of $2.20 per share which beat the analyst consensus estimate of $2.14 by 2.8 percent. This is a 4.76 percent decrease over earnings of $2.31 per share from the same period last year.  The company reported quarterly sales of $2.075 billion which beat the analyst consensus estimate of $2.025 billion by 2.48 percent.  This is a 6.30 percent increase over sales of $1.952 billion the same period last year.</p>


Packaging Corp of America Q2 2024 Adj EPS $2.20 Beats $2.14 Estimate, Sales $2.075B Beat $2.025B Estimate

<p>On Tuesday, Wall Street saw a mixed session, with small-cap stocks outperforming large caps as investors anticipated key earnings reports from <strong>Alphabet Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and <strong>Tesla Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), set to be <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39910693/tesla-analyst-asks-do-earnings-matter-ahead-of-q2-report-robotaxis-china-ev-guidanc">released after the close.</a></p>
<p>The Russell 2000 index, as replicated by the<strong> iShares Russell 2000 ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), climbed 0.8%, while the tech-heavy Nasdaq 100 dipped 0.2%. This marked the ninth time in the last 10 sessions that small caps have outperformed tech stocks. The S&amp;P 500 and the Dow Jones showed little movement.</p>
<p><strong>United Parcel Service Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) stood out among the mega-cap stocks, plunging 14% after missing earnings and revenue estimates for the previous quarter. This decline is poised to be the worst one-day drop for the shipping company since it went public in 1999.</p>
<p>Both Treasury yields and the U.S. dollar remained stable ahead of a data-heavy week, featuring the Q2 GDP report on Thursday and the Fed&#8217;s favored inflation report on Friday.</p>
<p>Gold inched up 0.3%, reaching $2,400 per ounce, while Bitcoin dropped over 2% to $65,800, marking its second straight session of losses.</p>
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td><strong>Major Indices</strong></td>
<td><strong>Price</strong></td>
<td><strong>1-day %chg</strong></td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,243.00</td>
<td>0.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,568.86</td>
<td>0.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,386.54</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,778.53</td>
<td>-0.2%</td>
</tr>
</tbody>
</table>
<p><figcaption class="wp-element-caption"><em>Updated at 12:48 p.m. ET</em></figcaption></p></figure></p>
<p>According to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071924&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:</p>
<ul>
<li>The&nbsp;<strong>SPDR S&amp;P 500 ETF Trust</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was flat at $554.92.</li>
<li>The&nbsp;<strong>SPDR Dow Jones Industrial Average&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;edged down 0.1% to $403.80.</li>
<li>The tech-heavy&nbsp;<strong>Invesco QQQ Trust</strong>&nbsp;(ARCA:&nbsp;<a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) fell 0.2% to $481.52.</li>
<li>Sector-wise, the <strong>Financials Select Sector SPDR Fund</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)&nbsp;outperformed, up by 0.4%, while the&nbsp;<strong>Energy Select Sector SPDR Fund</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 1.4%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<p>Stocks reacting to company earnings were: </p>
<ul>
<li><strong>Agilysys, Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>), down over 5%</li>
<li><strong>NXP Semiconductors N.V. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) down over 9%</li>
<li><strong>Medpace Holdings, Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) down over 17%</li>
<li><strong>Coca-Cola Company </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), up 0.6%</li>
<li><strong>Freeport-McMoRan Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), down 2%</li>
<li><strong>GE Aerospace </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), up over 7%</li>
<li><strong>General Motors Company </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), down over 6%</li>
<li><strong>Kimberly-Clark Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>), down over 4%</li>
<li><strong>Comcast Corp. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), down over 2%</li>
<li><strong>MSCI Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>), up over 7%</li>
<li><strong>Lockheed Martin Corporation </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), up over 4%</li>
<li><strong>Philip Morris International Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>), up 2%</li>
<li><strong>PulteGroup, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>), down 0.5%</li>
<li><strong>Quest Diagnostics Incorporated </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>), down over 4%</li>
<li><strong>Spotify Technology S.A. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>), up over 10%</li>
<li><strong>Polaris Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>), down over 2%.</li>
</ul>
<p>Those reporting after the close include:</p>
<ul>
<li>Alphabet, <strong>Capital One Financial Corporation </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>)</li>
<li><strong>Chubb Limited </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>)</li>
<li> <strong>Mattel, Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>)</li>
<li><strong>Packaging Corporation of America </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>)</li>
<li><strong>Seagate Technology Holdings plc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>)</li>
<li>Tesla</li>
<li><strong>Texas Instruments, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</li>
<li><strong>Visa Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>).</li>
</ul>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://bzresearch.myclickfunnels.com/latest-research-webinar-redirect-evergreen?utm_source=website-content" target="_blank" rel="noreferrer noopener">Turn Trading Into The Ultimate Side Hustle Using Benzinga Tools In A Free Webinar</a></strong></li>
</ul>
<p><em>Image created using artificial intelligence via Midjourney.</em></p>


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