How Many Packaging Corporation of America (NYSE:PKG)’s Analysts Are Bearish?

December 8, 2017 - By Clifton Ray

 How Many Packaging Corporation of America (NYSE:PKG)'s Analysts Are Bearish?
Investors sentiment decreased to 0.8 in Q2 2017. Its down 0.38, from 1.18 in 2017Q1. It is negative, as 43 investors sold Packaging Corporation of America shares while 167 reduced holdings. 49 funds opened positions while 119 raised stakes. 80.86 million shares or 1.25% more from 79.87 million shares in 2017Q1 were reported.
Royal Comml Bank Of Canada reported 211,220 shares. Natl Bank Of Montreal Can holds 75,225 shares. Nomura Asset Mngmt Ltd reported 12,227 shares. Allstate holds 0.05% or 8,090 shares. Fiduciary Co accumulated 0.02% or 7,063 shares. Fdx Advsrs Inc has invested 0.03% in Packaging Corporation of America (NYSE:PKG). Boston Private Wealth Limited Liability Corp accumulated 24,025 shares. Ny State Teachers Retirement Systems has invested 0.05% in Packaging Corporation of America (NYSE:PKG). Vanguard Group Inc holds 0.05% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 8.43 million shares. Canada Pension Plan Board has invested 0% in Packaging Corporation of America (NYSE:PKG). Moreover, Price T Rowe Associates Inc Md has 0% invested in Packaging Corporation of America (NYSE:PKG). Jaffetilchin Investment Prtnrs Limited Liability reported 11,621 shares. State Street holds 0.03% in Packaging Corporation of America (NYSE:PKG) or 3.34 million shares. Swiss Commercial Bank, a Switzerland-based fund reported 343,700 shares. Portolan Capital Mngmt Lc reported 35,324 shares.

Packaging Corporation of America (NYSE:PKG) Ratings Coverage

Among 15 analysts covering Packaging Corporation of America (NYSE:PKG), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. Packaging Corporation of America had 49 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Packaging Corporation of America (NYSE:PKG) earned “Outperform” rating by BMO Capital Markets on Wednesday, January 25. The company was maintained on Friday, June 2 by BMO Capital Markets. The stock of Packaging Corporation of America (NYSE:PKG) has “Buy” rating given on Thursday, April 13 by Jefferies. The rating was maintained by Jefferies with “Buy” on Monday, September 18. The rating was maintained by KeyBanc Capital Markets with “Hold” on Thursday, July 27. The firm earned “Buy” rating on Wednesday, August 2 by BMO Capital Markets. The stock of Packaging Corporation of America (NYSE:PKG) earned “Neutral” rating by Citigroup on Tuesday, July 19. The rating was downgraded by Deutsche Bank to “Hold” on Friday, July 22. The stock has “Neutral” rating by Macquarie Research on Tuesday, November 10. The stock has “Outperform” rating by BMO Capital Markets on Thursday, July 23. Below is a list of Packaging Corporation of America (NYSE:PKG) latest ratings and price target changes.

15/11/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
29/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
30/10/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $108 New Target: $110 Maintain
24/10/2017 Broker: Stephens Rating: Overweight New Target: $130 Initiates Coverage On
12/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
18/09/2017 Broker: Jefferies Rating: Buy New Target: $128.0 Maintain
11/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
22/08/2017 Broker: BMO Capital Markets Rating: Outperform Old Target: $118 New Target: $122 Maintain
16/08/2017 Broker: Jefferies Rating: Buy New Target: $128.0 Maintain
02/08/2017 Broker: BMO Capital Markets Rating: Buy New Target: $118.0000 Maintain

The stock increased 0.53% or $0.62 during the last trading session, reaching $117.96. About 634,829 shares traded. Packaging Corporation of America (NYSE:PKG) has risen 54.92% since December 8, 2016 and is uptrending. It has outperformed by 38.22% the S&P500.

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company has market cap of $11.05 billion. The companyÂ’s Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging. It has a 21.84 P/E ratio. This segment also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.

More recent Packaging Corporation of America (NYSE:PKG) news were published by: Seekingalpha.com which released: “Valuation Dashboard: Energy And Materials – Update” on December 07, 2017. Also Nasdaq.com published the news titled: “Packaging Corp of America is Oversold” on November 06, 2017. Businesswire.com‘s news article titled: “Packaging Corporation of America Announces Agreement to Acquire Sacramento …” with publication date: August 21, 2017 was also an interesting one.

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