Packaging Corp Of America (NYSE: PKG) is -5.54% lower on its value in year-to-date trading and has touched a low of $159.57 and a high of $250.82 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PKG stock was last observed hovering at around $214.24 in the last trading session, with the day’s loss setting it -1.58%.
Currently trading at $212.66, the stock is -7.81% and -9.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing -0.74% at the moment leaves the stock 2.39% off its SMA200. PKG registered 25.78% gain for a year compared to 6-month gain of 6.40%. The firm has a 50-day simple moving average (SMA 50) of $234.9536 and a 200-day simple moving average (SMA200) of $207.7042.
The stock witnessed a -5.47% loss in the last 1 month and extending the period to 3 months gives it a -5.93%, and is -11.49% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.15% over the week and 1.89% over the month.
Packaging Corp Of America (PKG) has around 14900 employees, a market worth around $19.10B and $8.38B in sales. Current P/E ratio is 23.80 and Fwd P/E is 18.14. Profit margin for the company is 9.54%. Distance from 52-week low is 33.27% and -15.21% from its 52-week high. The company has generated returns on investments over the last 12 months (11.53%).
with sales reaching $2.12B over the same period.The EPS is expected to grow by 18.42% this year, but quarterly earnings will post 6.60% year-over-year. Quarterly sales are estimated to grow 7.30% in year-over-year returns.
Packaging Corp Of America (PKG) Top Institutional Holders
1153.0 institutions hold shares in Packaging Corp Of America (PKG), with institutional investors hold 93.14% of the company’s shares. The shares outstanding are 89.80M, and float is at 88.11M with Short Float at 2.05%. Institutions hold 91.82% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.22 million shares valued at $2.05 billion. The investor’s holdings represent 12.531% of the PKG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 7.92 million shares valued at $1.45 billion to account for 8.8423 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.83 million shares representing 4.2708% and valued at over $703.1 million, while JPMORGAN CHASE & CO holds 3.6961 of the shares totaling 3.31 million with a market value of $604.4 million.
Packaging Corp Of America (PKG) Insider Activity
The most recent transaction is an insider sale by Vaughn Joseph, the company’s SVP. SEC filings show that Vaughn Joseph sold 2,300 shares of the company’s common stock on Dec 03 ’24 at a price of $244.89 per share for a total of $0.56 million. Following the sale, the insider now owns 9197.0 shares.
Still, SEC filings show that on Nov 21 ’24, STECKO PAUL T (Director) disposed off 10,500 shares at an average price of $244.91 for $2.57 million. The insider now directly holds 8,881 shares of Packaging Corp Of America (PKG).
