Packaging Corp Of America (NYSE:PKG): Stock Sentiment

Xavier Trudeau
Juin 6, 2017

Huntington Bancorp holds 0% or 799 shares in its portfolio.

Shares of KapStone Paper and Packaging Corp. The stock decreased 0.11% or $0.11 during the last trading session, reaching $104.09. Apache Corporation (NYSE:APA) has declined 10.21% since June 5, 2016 and is downtrending. It has outperformed by 38.22% the S&P500. The firm earned "Buy" rating on Thursday, July 14 by Jefferies. Therefore 25% are positive. Electronic Arts had 36 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has "Outperform" rating given on Wednesday, February 1 by CLSA. The company was downgraded on Friday, August 5 by Barclays Capital. The stock of CDK Global Inc (NASDAQ:CDK) has "Underweight" rating given on Tuesday, December 15 by JP Morgan. The firm has "Hold" rating given on Wednesday, August 10 by Deutsche Bank. The company was upgraded on Friday, January 8 by Barclays Capital.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th.

CDK Global, Inc. provides integrated information technology and digital marketing solutions. Catalyst Capital Advisors Llc who had been investing in Packaging Corp Amer for a number of months, seems to be less bullish one the $9.83B market cap company. It has a 21.24 P/E ratio. The Company's divisions include transitional and skilled services segment, which includes the operation of skilled nursing facilities; assisted and independent living services segment, which includes the operation of assisted and independent living facilities; home health and hospice services segment, which includes its home health, home care and hospice businesses, and all other segment, which includes mobile diagnostics and other ancillary operations. Select Sector Spdr Tr (XLB) was raised too.

Packaging Corp Of America (NYSE:PKG) had its target price reduced by Barclays PLC from $100.00 to $90.00 in a note issued to investors on Monday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.86%.

Several other institutional investors have also bought and sold shares of PKG. 63 funds opened positions while 140 raised stakes. Kcg Inc holds 8,196 shares or 0.02% of its portfolio. Packaging Corp Of America has a 52 week low of $62.41 and a 52 week high of $104.88. Ngam Advsrs Lp reported 0.13% stake. Santa Barbara Asset Management Llc, a California-based fund reported 1.41 million shares.#img1#.

On 12/14/2016 Packaging Corp Of America announced a quarterly dividend of $0.63 2.92% with an ex dividend date of 12/21/2016 which will be payable on 1/13/2017.

KapStone Paper and Packaging Corp. had a return on equity of 2.65% and a net margin of 0.78%. Following the purchase, the director now directly owns 45,127 shares in the company, valued at approximately $902,540. Packaging Corp Of America's payout ratio is 53.05%. Vanguard Gp owns 27.24 million shares for 0.12% of their portfolio. The Illinois-based Bard Associates Inc has invested 1.39% in the stock. Packaging Corp Of America's revenue was up 9.7% compared to the same quarter a year ago. KapStone Paper and Packaging Corp.

About KapStone Paper and Packaging Corp.

Today, BMO Capital Markets reiterated its Buy rating on Packaging Corp Of America (NYSE:PKG) with a price target of $104.00. Bank of New York Mellon Corp now owns 1,515,301 shares of the basic materials company's stock valued at $35,005,000 after buying an additional 96,493 shares in the last quarter. PKG's profit will be $139.76 million for 17.60 P/E if the $1.48 EPS becomes a reality. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.03. Iridian Asset Management LLC CT boosted its position in Packaging Corp Of America by 2,657.5% in the first quarter. Therefore 42% are positive.

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. On Thursday, September 22 the stock rating was initiated by Goldman Sachs with "Sell". On average, analysts forecast that Packaging Corp Of America will post $5.93 EPS for the current year. Bank of America upgraded the shares of PKG in report on Tuesday, October 18 to "Buy" rating. Canada Pension Plan Invest Board holds 0% of its portfolio in Packaging Corp Of America (NYSE:PKG) for 800 shares. The stock has "Neutral" rating by Macquarie Research on Tuesday, November 10.

There are 1 sell rating, 5 hold ratings, 4 buy ratings on the stock. Investors of record on Thursday, June 15th will be issued a $0.63 dividend. The rating was downgraded by Citigroup on Monday, January 25 to "Neutral". Argus Research upgraded the shares of PKG in report on Monday, April 25 to "Buy" rating.

COPYRIGHT VIOLATION WARNING: "World Asset Management Inc Has $646,000 Position in Packaging Corp Of America (PKG)" was first reported by BBNS and is the property of of BBNS.

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