Analyst Ratings for Packaging Corp. of America (PKG)Updated: 2017-07-26
Analysts covering Packaging Corp. of America (NYSE:PKG) have given it a consensus rating of Overweight. Last month, PKG received an average rating of Overweight.
5 analysts declared PKG a buy, 0 issued an overweight rating, 9 issued a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for PKG by the analysts covering the stock. The maximum price target given was 128, implying a possible profit of 17.86 percent. The most pessimistic analyst gave a price target of 66, which equates to a potential downside of -39.23 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0.68 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 1.88 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.25 percent. If we look at the last 90 days instead, we find a net average change of 3.66 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.
The growth rate of PKG's earnings is estimated by analysts to be 22.25 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. PKG has a PEG ratio of 1.
In the last 52-weeks, PKG has achieved a high of 114.31 and a low of 73.34. Today's price is 48.08 percent above the 52-week low, and below the high by 5 percent. PKG has a P/E ratio of 22.2. Investors typically compare the P/E ratio to a company's peers in the industry. The PKG value stock report compares PKG to some of its peers using value stock charts. The stock has a market capitalization of $10.23 billion. PKG will post this quarters earnings in days, on 0000-00-00.