Packaging Co. of America (PKG) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.61 for the period.

Shares of Packaging Co. of America (PKG) traded up 1.17% during mid-day trading on Monday, hitting $35.60. Packaging Co. of America (PKG) has a one year low of $23.62 and a one year high of $36.68. The company has a market cap of $3.417 billion and a P/E ratio of 24.07.

Packaging Co. of America last issued its quarterly earnings data on Monday, October 15th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.56 by $0.01. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Packaging Co. of America (PKG) will post $2.05 EPS for the current fiscal year.

PKG has been the subject of a number of recent research reports. Analysts at DA Davidson downgraded shares of Packaging Co. of America from a buy rating to a neutral rating in a research note to investors on Monday, October 8th. They now have a $37.50 price target on the stock, up previously from $35.00. They noted that the move was a valuation call. On a related note, analysts at Jefferies Group initiated coverage on shares of Packaging Co. of America in a research note to investors on Monday, September 24th. They set a hold rating on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Packaging Co. of America from a market perform rating to an outperform rating in a research note to investors on Monday, September 24th. They now have a $38.00 price target on the stock.

Packaging Corporation of America (PCA), is a producer of containerboard and corrugated products in the United States.

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