Analysts See $1.69 EPS for Packaging Corp Of America (PKG)

September 17, 2017 - By Jacob Falcon

 Analysts See $1.69 EPS for Packaging Corp Of America (PKG)
Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.05, from 1.05 in 2016Q3. It improved, as 30 investors sold Packaging Corp Of America shares while 155 reduced holdings. 63 funds opened positions while 140 raised stakes. 80.00 million shares or 0.29% less from 80.23 million shares in 2016Q3 were reported.
Raymond James Financial Advsrs holds 8,959 shares or 0.01% of its portfolio. The Vermont-based Trust Of Vermont has invested 0% in Packaging Corp Of America (NYSE:PKG). State Street Corp reported 0.03% stake. Strategy Asset Managers Limited Liability Company holds 5,700 shares. Blackrock Gru has 0.03% invested in Packaging Corp Of America (NYSE:PKG) for 668,514 shares. Metropolitan Life Insurance Co New York invested in 91,000 shares or 0.06% of the stock. Wealthtrust accumulated 208 shares. Verition Fund Limited Liability Company stated it has 7,349 shares. Ancora Advsr Limited Liability Com holds 0% or 399 shares in its portfolio. Strs Ohio holds 0% or 1,373 shares in its portfolio. Gam Ag holds 11,212 shares or 0.02% of its portfolio. Fiduciary Tru Co holds 0.02% or 7,937 shares in its portfolio. 1,079 were reported by Creative Planning. Aperio Grp Ltd Com holds 22,093 shares. Credit Agricole S A has 163,906 shares for 0.04% of their portfolio.

Analysts await Packaging Corp Of America (NYSE:PKG) to report earnings on October, 18. They expect $1.69 EPS, up 30.00 % or $0.39 from last year’s $1.3 per share. PKG’s profit will be $159.40 million for 17.14 P/E if the $1.69 EPS becomes a reality. After $1.52 actual EPS reported by Packaging Corp Of America for the previous quarter, Wall Street now forecasts 11.18 % EPS growth. The stock increased 0.06% or $0.07 on September 15, reaching $115.88. About 2.18 million shares traded or 155.05% up from the average. Packaging Corp Of America (NYSE:PKG) has risen 54.92% since September 17, 2016 and is uptrending. It has outperformed by 38.22% the S&P500.

Packaging Corp Of America (NYSE:PKG) Ratings Coverage

Among 14 analysts covering Packaging Corporation of America (NYSE:PKG), 5 have Buy rating, 1 Sell and 8 Hold. Therefore 36% are positive. Packaging Corporation of America had 43 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies maintained Packaging Corp Of America (NYSE:PKG) rating on Thursday, April 13. Jefferies has “Buy” rating and $107 target. The stock of Packaging Corp Of America (NYSE:PKG) has “Neutral” rating given on Thursday, July 13 by Goldman Sachs. The firm has “Neutral” rating by Buckingham Research given on Monday, July 18. Jefferies maintained the shares of PKG in report on Wednesday, August 16 with “Buy” rating. The rating was maintained by KeyBanc Capital Markets on Monday, September 11 with “Hold”. The rating was maintained by Citigroup on Tuesday, July 19 with “Neutral”. The stock of Packaging Corp Of America (NYSE:PKG) has “Buy” rating given on Friday, July 14 by Jefferies. BMO Capital Markets maintained the shares of PKG in report on Tuesday, August 22 with “Outperform” rating. The firm earned “Neutral” rating on Wednesday, August 31 by Citigroup. BMO Capital Markets maintained it with “Buy” rating and $11800 target in Wednesday, June 28 report.

Packaging Corporation of America is a producer of containerboard products and uncoated freesheet. The company has market cap of $10.93 billion. The Firm operates through three divisions: Packaging, Paper, and Corporate and Other. It has a 22.31 P/E ratio. The Packaging segment produces a range of corrugated packaging products.

More notable recent Packaging Corp Of America (NYSE:PKG) news were published by: Nasdaq.com which released: “Packaging Corp of America Reaches Analyst Target Price” on August 15, 2017, also Sacbee.com with their article: “Illinois firm makes deal to acquire Sacramento-area manufacturer” published on August 22, 2017, Chicagobusiness.com published: “A headquarters shift in Lake Forest” on April 05, 2017. More interesting news about Packaging Corp Of America (NYSE:PKG) were released by: Seekingalpha.com and their article: “Packaging of America (PKG) Q2 2017 Results – Earnings Call Transcript” published on July 27, 2017 as well as Seekingalpha.com‘s news article titled: “Packaging Corporation Of America Rising Ever Higher – Is It Still Time To Buy?” with publication date: August 03, 2017.

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