News headlines about Packaging Corporation of America (NYSE:PKG) have been trending positive on Friday, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Packaging Corporation of America earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.2681192614286 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s rankings:

Shares of Packaging Corporation of America (NYSE:PKG) opened at 107.33 on Friday. Packaging Corporation of America has a 12-month low of $74.95 and a 12-month high of $114.31. The company has a 50-day moving average of $110.57 and a 200 day moving average of $99.98. The firm has a market cap of $10.05 billion, a P/E ratio of 20.68 and a beta of 1.86.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.05. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.56 billion. Packaging Corporation of America had a net margin of 8.05% and a return on equity of 27.78%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 earnings per share. Equities research analysts anticipate that Packaging Corporation of America will post $6.00 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Tuesday, June 13th. Packaging Corporation of America’s payout ratio is 48.56%.

Several research firms have recently commented on PKG. BMO Capital Markets reaffirmed a “buy” rating and set a $118.00 price target on shares of Packaging Corporation of America in a research report on Friday, August 4th. Jefferies Group LLC set a $114.00 price target on shares of Packaging Corporation of America and gave the company a “buy” rating in a research report on Thursday, June 1st. ValuEngine lowered shares of Packaging Corporation of America from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. BidaskClub raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, KeyCorp began coverage on shares of Packaging Corporation of America in a research report on Thursday, July 6th. They set a “sector weight” rating on the stock. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Packaging Corporation of America has a consensus rating of “Buy” and a consensus target price of $102.73.

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Packaging Corporation of America Company Profile

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

Insider Buying and Selling by Quarter for Packaging Corporation of America (NYSE:PKG)

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