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

February 11, 2018 - By Louis Casey

 How Many Packaging Corporation of America (NYSE:PKG)'s Analysts Are Bearish?
Investors sentiment increased to 1.31 in Q3 2017. Its up 0.51, from 0.8 in 2017Q2. It improved, as 29 investors sold Packaging Corporation of America shares while 146 reduced holdings. 92 funds opened positions while 138 raised stakes. 82.08 million shares or 1.51% more from 80.86 million shares in 2017Q2 were reported.
Strategy Asset Managers Lc has 5,700 shares for 0.13% of their portfolio. Cookson Peirce And Communications holds 0.56% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 47,523 shares. 143,506 are held by State Board Of Administration Of Florida Retirement System. Raymond James Assoc stated it has 78,381 shares. Cornerstone Cap Management Liability has 0.01% invested in Packaging Corporation of America (NYSE:PKG) for 16,179 shares. First Eagle Investment Management Lc reported 0.54% in Packaging Corporation of America (NYSE:PKG). Vanguard Group Inc Incorporated Inc reported 0.06% stake. 697,710 are held by Ameriprise Fincl. Alpha Windward Limited Liability Company owns 0.03% invested in Packaging Corporation of America (NYSE:PKG) for 369 shares. Mitsubishi Ufj And Banking holds 0.05% or 222,867 shares. New York-based Howe And Rusling has invested 0% in Packaging Corporation of America (NYSE:PKG). Alps Advsrs accumulated 3,979 shares or 0% of the stock. Magnetar Fincl Lc holds 0.01% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 4,328 shares. California-based Advisor Prtnrs Ltd has invested 0.07% in Packaging Corporation of America (NYSE:PKG). Usca Ria Ltd Liability has invested 0.54% of its portfolio in Packaging Corporation of America (NYSE:PKG).

Since September 12, 2017, it had 0 insider buys, and 2 insider sales for $1.43 million activity. Another trade for 6,150 shares valued at $719,796 was sold by Carter Charles J..

Packaging Corporation of America (NYSE:PKG) Ratings Coverage

Among 15 analysts covering Packaging Corporation of America (NYSE:PKG), 7 have Buy rating, 1 Sell and 7 Hold. Therefore 47% are positive. Packaging Corporation of America had 55 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Wednesday, June 28. Stephens maintained Packaging Corporation of America (NYSE:PKG) on Wednesday, January 10 with “Buy” rating. The rating was maintained by KeyBanc Capital Markets with “Hold” on Thursday, July 27. Wells Fargo upgraded it to “Buy” rating and $150.0 target in Wednesday, January 31 report. The firm has “Hold” rating given on Sunday, October 29 by KeyBanc Capital Markets. BMO Capital Markets maintained Packaging Corporation of America (NYSE:PKG) on Thursday, January 25 with “Buy” rating. As per Thursday, July 13, the company rating was upgraded by Goldman Sachs. KeyBanc Capital Markets maintained Packaging Corporation of America (NYSE:PKG) on Monday, September 11 with “Hold” rating. The firm has “Hold” rating given on Friday, July 22 by Deutsche Bank. BMO Capital Markets upgraded the shares of PKG in report on Wednesday, January 25 to “Outperform” rating. Below is a list of Packaging Corporation of America (NYSE:PKG) latest ratings and price target changes.

02/02/2018 Broker: KeyBanc Capital Markets Rating: Hold Maintain
01/02/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $134 New Target: $138 Maintain
31/01/2018 Broker: Wells Fargo Rating: Buy New Target: $150.0 Upgrade
25/01/2018 Broker: BMO Capital Markets Rating: Buy New Target: $130.0 Maintain
10/01/2018 Broker: Stephens Rating: Buy New Target: $136.0 Maintain
08/01/2018 Broker: Wells Fargo Rating: Hold New Target: $130.0 Maintain
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

The stock increased 1.62% or $1.81 during the last trading session, reaching $113.76. About 830,047 shares traded or 6.68% up from the average. Packaging Corporation of America (NYSE:PKG) has risen 54.92% since February 11, 2017 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 $10.65 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 16.09 P/E ratio. This segment also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.

More notable recent Packaging Corporation of America (NYSE:PKG) news were published by: Nasdaq.com which released: “Packaging Corp of America Breaks Below 200-Day Moving Average – Notable for PKG” on February 08, 2018, also Nasdaq.com with their article: “Relative Strength Alert For Packaging Corp of America” published on February 08, 2018, Seekingalpha.com published: “Packaging Corp. of America expects costs pressures” on January 31, 2018. More interesting news about Packaging Corporation of America (NYSE:PKG) were released by: Moodys.com and their article: “Moody’s rates Packaging Corp of America new notes Baa2” published on December 11, 2017 as well as Seekingalpha.com‘s news article titled: “Packaging Corp.: A New Name For 2018” with publication date: February 06, 2018.

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