$1.69 EPS Expected for Packaging Corp Of America (PKG)

September 17, 2017 - By Richard Conner

 $1.69 EPS Expected 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 increased, 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.
California State Teachers Retirement Sys has 0.03% invested in Packaging Corp Of America (NYSE:PKG). Loring Wolcott & Coolidge Fiduciary Advisors Limited Liability Partnership Ma reported 0.01% in Packaging Corp Of America (NYSE:PKG). 110,627 were reported by Voloridge Inv Management Ltd. Fund Mngmt Sa invested in 135,901 shares. Iridian Asset Limited Liability Co Ct holds 0.04% or 50,000 shares. Wells Fargo & Mn reported 2.36M shares stake. Old Mutual Customised Solutions (Proprietary) invested in 0.01% or 800 shares. Eulav Asset Mngmt stated it has 20,500 shares. D E Shaw Inc holds 0% of its portfolio in Packaging Corp Of America (NYSE:PKG) for 6,418 shares. Louisiana State Employees Retirement Sys invested in 23,100 shares or 0.1% of the stock. Hsbc Public Limited holds 44,206 shares. Moreover, Goldman Sachs Gru has 0.02% invested in Packaging Corp Of America (NYSE:PKG). Olstein Cap L P accumulated 34,000 shares. Georgia-based Herndon Cap Ltd has invested 0.01% in Packaging Corp Of America (NYSE:PKG). Alley Lc has invested 0.27% of its portfolio in Packaging Corp Of America (NYSE:PKG).

Wall Street await Packaging Corp Of America (NYSE:PKG) to release earnings on October, 18. Analysts forecast EPS of $1.69, up exactly $0.39 or 30.00 % from 2014’s $1.3 EPS. The expected PKG’s profit could reach $159.40 million giving the stock 17.14 P/E in the case that $1.69 earnings per share is reported. After posting $1.52 EPS for the previous quarter, Packaging Corp Of America’s analysts now forecast 11.18 % EPS growth. The stock increased 0.06% or $0.07 on September 15, reaching $115.88. About 2.18M 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. The rating was initiated by Macquarie Research on Tuesday, November 10 with “Neutral”. Citigroup maintained it with “Neutral” rating and $74 target in Tuesday, July 19 report. The rating was upgraded by Barclays Capital to “Overweight” on Friday, January 8. The stock has “Equal-Weight” rating by Barclays Capital on Monday, February 6. BMO Capital Markets maintained it with “Buy” rating and $10400 target in Friday, June 2 report. The stock has “Neutral” rating by Citigroup on Monday, January 25. The stock has “Outperform” rating by CLSA on Wednesday, February 1. The rating was upgraded by Argus Research to “Buy” on Monday, April 25. The firm earned “Neutral” rating on Monday, July 18 by Buckingham Research. The firm earned “Underperform” rating on Monday, January 25 by Macquarie Research.

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: Sacbee.com which released: “Illinois firm makes deal to acquire Sacramento-area manufacturer” on August 22, 2017, also Seekingalpha.com with their article: “Packaging Corporation Of America Rising Ever Higher – Is It Still Time To Buy?” published on August 03, 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: Reuters.com and their article: “BRIEF-Packaging Corporation of America announces agreement to acquire …” published on August 21, 2017 as well as Nasdaq.com‘s news article titled: “Packaging Corp of America Reaches Analyst Target Price” with publication date: August 15, 2017.

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