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BNP Paribas Exane has lowered its price target for Packaging Corporation of America to $197 from $220 while maintaining a neutral rating. The company is a leading US manufacturer of packaging, with net sales primarily from corrugated board packaging (91.5%), papers (7.6%), and other products (0.9%). As of the end of 2023, it operates 94 manufacturing sites across the United States.
Seaport Res Ptn upgraded Packaging Co. of America to a "strong-buy," while Wells Fargo lowered its price target from $253 to $236, maintaining an "overweight" rating. Analysts show a consensus of "Moderate Buy" with an average target price of $233. The company reported a quarterly EPS of $2.47, missing estimates, and announced a dividend of $1.25 per share, yielding 2.56%.
Packaging Co. of America (NYSE:PKG) reported Q4 earnings of $2.47 EPS, missing estimates by $0.04, with a net margin of 9.60% and a return on equity of 19.67%. The company announced a quarterly dividend of $1.25 per share, yielding 2.54%, and has a debt-to-equity ratio of 0.58. Analysts maintain a "Moderate Buy" rating, with an average target price of $233.00.
BNP Paribas Exane has revised its price target for Packaging Corporation of America to $220, down from $232. The company is a leading US manufacturer and marketer of packaging, with net sales primarily from corrugated board packaging (91.5%), papers (7.6%), and other products (0.9%). As of the end of 2023, it operates 94 manufacturing sites across the United States.
Prime Capital Investment Advisors LLC and Arkadios Wealth Advisors have increased their stakes in Amcor, now owning 18,961 and 25,597 shares, respectively. Institutional investors hold 45.14% of the stock. Amcor has received a "strong-buy" upgrade from UBS Group, with a consensus rating of "Moderate Buy" and an average price target of $11.20.
Packaging Co. of America has received mixed analyst ratings, with a "Moderate Buy" rating and price targets ranging from $221.00 to $253.00. Recent insider transactions show significant stock sales, with a total of 31,000 shares sold valued at over $7.5 million in the last 90 days. Currently, insiders own 1.60% of the stock, reflecting a decrease in their positions.
Tesla shares surged 8% in overnight trading as investors speculated that a potential Trump victory would benefit CEO Elon Musk, a major supporter. Musk's recent $75 million donation to America PAC and his promise to lead a government efficiency commission if Trump is elected have fueled optimism, despite concerns that a Trump presidency could negatively impact the EV industry overall. Analysts suggest that Tesla's unmatched scale may provide a competitive edge in a market less reliant on subsidies, especially with anticipated higher tariffs on Chinese EV manufacturers.
Packaging Corporation of America
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