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PKG $227.98

PKG target price
227.98
0
165
Packaging Corporation of America
Type
Public
Traded as
  • NYSE: PKG
  • S&P 500 component
Industry Packaging and containers
Founded 1959; 58 years ago (1959)
Headquarters Lake Forest, Illinois, United States
Number of employees
14,000 (2016)
Website packagingcorp.com

Packaging Corporation of America (NYSE: PKG) is an American manufacturing company based in Lake Forest, Illinois.

The company has about 14,000 employees, with operations primarily in the United States.

The company was founded in 1959 by the consolidation of three companies and was eventually acquired by Tenneco in 1965.

In 1993, the company set an industry benchmark for quality by becoming the first U.S. containerboard company to earn ISO certification for its linerboard and semi-chemical medium mills.

In November 1995, the company's name was changed to Tenneco Packaging Inc.; in 1999, a new entity re-established the name Packaging Corporation of America.

In 2009, the company celebrated its fiftieth anniversary and opened a new design center and project-management facility in Hong Kong, operating under the name Packaging Corporation of Asia Limited.

In October 2013, the company acquired Boise Inc.

In 2016, the company acquired Timbar Packinging and Display, an independent corrugated manufacturer with multiple locations in the eastern U.S.

The company's network consists of 5 containerboard mills, 3 white paper mills, 94 converting facilities, 10 creative design centers, 2 fulfillment centers, 8 packaging and supply centers, 2 training and resource centers and 1 technical center.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-24 Future report Set alerts
Q2 2022 2022-07-25 3.23 3.23
Q1 2022 2022-04-25 2.72 2.72
Q4 2021 2022-01-26 2.76 2.76
Q3 2021 2021-10-25 2.69 2.69
Q2 2021 2021-07-26 2.17 2.17
Q1 2021 2021-04-26 1.77 1.77
Q4 2020 2021-01-27 1.33 1.33
Q3 2020 2020-10-26 1.57 1.57
Q2 2020 2020-07-28 1.38 1.38

Ratings

2016-07-07 Boost Price Target Deutsche Bank AG Buy $71.00 to $73.00
2016-07-07 Reiterated Rating Jefferies Group Buy
2016-07-07 Reiterated Rating Citigroup Inc. Neutral $69.00
2016-07-07 Reiterated Rating BMO Capital Markets Buy
2016-05-18 Downgrade Wells Fargo Market Weight
2016-05-18 Reiterated Rating Deutsche Bank Buy
2016-05-18 Reiterated Rating Deutsche Bank AG Buy
2016-05-18 Downgrade Wells Fargo & Co. Market Weight
2016-04-25 Reiterated Rating Jefferies Group Buy
2016-04-25 Upgrade Argus Hold to Buy $73.00
2016-04-11 Reiterated Rating Deutsche Bank Buy $62.00 to $68.00
2016-04-11 Downgrade Dundee Securities Buy to Neutral
2016-01-27 Lower Price Target Dundee Securities $68.00 to $59.00
2016-01-27 Lower Price Target Deutsche Bank Buy $70.00 to $62.00
2016-01-27 Lower Price Target DA Davidson $82.00 to $75.00
2016-01-27 Lower Price Target BMO Capital Markets Outperform $78.00 to $70.00
2016-01-26 Reiterated Rating Jefferies Group Buy $71.00 to $69.00
2016-01-26 Upgrade Dundee Securities Neutral to Buy
2016-01-25 Downgrade Citigroup Inc. Buy to Neutral
2016-01-25 Downgrade Macquarie Neutral to Underperform
2016-01-08 Upgrade Barclays Equal Weight to Overweight $67.00 to $75.00
2016-01-08 Upgrade Barclays PLC Equal Weight to Overweight $67.00 to $75.00
2015-12-02 Reiterated Rating Deutsche Bank Buy
2015-11-10 Initiated Coverage Macquarie Neutral $67.00
2015-10-26 Reiterated Rating Barclays Equal Weight $80.00 to $67.00
2015-10-07 Upgrade Wells Fargo Buy
2015-09-15 Downgrade Bank of America Buy to Neutral $80.00 to $71.00
2015-09-15 Downgrade Bank of America Corp. Buy to Neutral $80.00 to $71.00
2015-08-26 Lower Price Target Dundee Securities Neutral $75.00 to $71.00
2015-07-23 Boost Price Target Jefferies Group Buy $80.00 to $82.00
2015-07-22 Upgrade BMO Capital Markets Market Perform to Outperform $76.00
2015-07-08 Lower Price Target Jefferies Group Buy $81.00 to $80.00
2015-06-29 Lower Price Target Dundee Securities Buy $80.00 to $75.00
2015-04-24 Reiterated Rating Citigroup Inc. Buy $89.00 to $80.00
2015-04-23 Lower Price Target Barclays Equal Weight $94.00 to $86.00
2015-04-22 Reiterated Rating Jefferies Group Buy $90.00 to $81.00
2015-04-22 Upgrade Deutsche Bank Hold to Buy $86.00 to $80.00
2015-04-15 Reiterated Rating Citigroup Inc. Buy $88.00 to $89.00
2015-03-31 Boost Price Target Jefferies Group Buy $88.00 to $90.00
2015-02-26 Boost Price Target Barclays Equal Weight $83.00 to $94.00
2015-01-28 Lower Price Target Jefferies Group Buy $89.00 to $88.00
2015-01-28 Upgrade DA Davidson Neutral to Buy $83.00 to $90.00
2015-01-22 Downgrade BMO Capital Markets Outperform to Market Perform $85.00
2015-01-20 Boost Price Target Barclays Equal Weight $79.00 to $88.00
2015-01-15 Reiterated Rating Citigroup Inc. Buy $80.00 to $89.00
2015-01-08 Boost Price Target Jefferies Group Buy $81.00 to $89.00
2014-12-09 Downgrade DA Davidson Buy to Neutral $83.00
2014-12-09 Lower Price Target Bank of America Buy $84.00 to $82.00
2014-10-28 Reiterated Rating Citigroup Inc. Buy $71.00 to $80.00
2014-10-22 Boost Price Target Deutsche Bank Hold $67.00 to $73.00
2014-10-20 Initiated Coverage Dundee Securities Buy $75.00
2014-10-17 Reiterated Rating Citigroup Inc. Buy $77.00 to $71.00
2014-10-16 Upgrade Buckingham Research Neutral to Buy $70.00
2014-09-26 Upgrade DA Davidson Neutral to Buy $75.00
2014-09-24 Reiterated Rating Citigroup Inc. Buy $79.00 to $77.00
2014-09-04 Initiated Coverage BMO Capital Markets Outperform $76.00
2014-07-30 Reiterated Rating Citigroup Inc. Buy $77.00 to $79.00
2014-07-23 Boost Price Target Barclays Equal Weight $68.00 to $72.00
2014-07-23 Upgrade Credit Agricole Underperform to Buy
2014-07-23 Upgrade Credit Agricole SA Underperform to Buy
2014-04-24 Reiterated Rating Citigroup Inc. Buy $85.00
2014-04-14 Boost Price Target Barclays Equal Weight $65.00 to $68.00
2014-04-11 Reiterated Rating Citigroup Inc. Buy $83.00 to $86.00
2014-02-18 Boost Price Target Deutsche Bank Hold $60.00 to $67.00
2014-02-18 Upgrade Ned Davis Research Neutral to Buy
2014-02-13 Boost Price Target DA Davidson Neutral $75.00
2014-01-27 Downgrade Ned Davis Research Buy to Neutral
2013-12-06 Reiterated Rating Deutsche Bank Hold $47.00 to $52.00
2013-11-18 Boost Price Target Jefferies Group Buy $69.00
2013-10-17 Upgrade Wells Fargo & Co. Market Perform to Outperform
2013-10-17 Upgrade Wells Fargo Market Perform to Outperform
2013-10-16 Boost Price Target Barclays Equal Weight $50.00 to $54.00
2013-10-16 Reiterated Rating Jefferies Group Buy
2013-09-17 Reiterated Rating Bank of America Buy $61.00 to $66.00
2013-09-17 Lower Price Target Jefferies Group Hold $68.00
2013-09-16 Upgrade Jefferies Group Hold to Buy $49.00 to $70.00
2012-10-17 Downgrade BMO Capital Markets Outperform to Market Perform
2012-09-12 Downgrade BMO Capital Markets Outperform to Market Perform $32 to $34
2010-06-11 Upgrade Longbow Neutral to Buy $29
2009-10-20 Reiterated Credit Suisse Outperform $26 to $27
2009-07-21 Upgrade Deutsche Securities Hold to Buy $14 to $24
2016-07-07 Boost Price Target Deutsche Bank AG Buy $71.00 to $73.00
2016-07-07 Reiterated Rating Jefferies Group Buy
2016-07-07 Reiterated Rating Citigroup Inc. Neutral $69.00
2016-07-07 Reiterated Rating BMO Capital Markets Buy
2016-05-18 Downgrade Wells Fargo Market Weight

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
KOWLZAN MARK W CEO 0.35%  (346130) PKG /
MENCOFF SAMUEL M 0.25%  (248314) BCC / PKG /
WEST RICHARD B Senior VP & CFO 0.11%  (107387) PKG /
CALHOUN STEPHEN T VP Human Resources 0.07%  (71331) PKG /
STECKO PAUL T Exec Chairman 0.07%  (69162) PKG / TEN /
Hassfurther Thomas A Exec. VP 0.05%  (53862) PKG /
Pflederer Kent A. VP, Gen. Counsel & Sec. 0.04%  (40455) PKG /
Walton Thomas W.H. SVP 0.04%  (36553) PKG /
Carter Charles J. VP-Containerboard 0.03%  (26899) PKG /
Mundy Robert P. SVP 0.02%  (22061) PKG / VRS /
PORTER ROGER B 0.02%  (17067) EXR / PKG / TEN / ZION /
BEEBE CHERYL K 0.01%  (10567) CVG / INGR / PKG /
SOULELES THOMAS S 0.01%  (10000) BCC / PKG /
Jameel Hasan 0.01%  (8067) PKG /
LYONS ROBERT C 0.01%  (6892) GMT / PKG /
Woodrum James D 0.01%  (6067) PKG /