In the past week, PKG stock has gone down by -4.84%, with a monthly decline of -7.49% and a quarterly surge of 2.64%. The volatility ratio for the week is 2.09%, and the volatility levels for the last 30 days are 1.75% for Packaging Corp Of America The simple moving average for the last 20 days is -7.78% for PKG stock, with a simple moving average of 5.98% for the last 200 days.
Is It Worth Investing in Packaging Corp Of America (NYSE: PKG) Right Now?
Packaging Corp Of America (NYSE: PKG) has a higher price-to-earnings ratio of 20.15x compared to its average ratio. PKG has 36-month beta value of 0.80. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for PKG is 87.72M, and currently, short sellers hold a 1.62% ratio of that float. The average trading volume of PKG on April 24, 2024 was 698.58K shares.
PKG) stock’s latest price update
The stock of Packaging Corp Of America (NYSE: PKG) has decreased by -4.69 when compared to last closing price of 179.29. Despite this, the company has experienced a -4.84% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-23 that Packaging Corporation of America (NYSE:PKG ) Q1 2024 Earnings Call Transcript April 23, 2024 9:00 AM ET Company Participants Mark Kowlzan – Chairman and CEO Tom Hassfurther – EVP, Corrugated Products Bob Mundy – CFO Conference Call Participants George Staphos – Bank of America Securities Nicco Piccini – Truist Mark Weintraub – Seaport Research Partners Gabe Hajde – Wells Fargo Anthony Pettinari – Citi Philip Ng – Jefferies LLC Ryan Fox – Bloomberg Operator Good morning, everyone, and thank you for joining Packaging Corporation of America’s First Quarter 2024 Earnings Results Conference Call. Your host today will be Mark Kowlzan, Chairman, Chief Executive Officer of PCA.
Analysts’ Opinion of PKG
Many brokerage firms have already submitted their reports for PKG stocks, with Exane BNP Paribas repeating the rating for PKG by listing it as a “Neutral.” The predicted price for PKG in the upcoming period, according to Exane BNP Paribas is $182 based on the research report published on April 12, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see PKG reach a price target of $202, previously predicting the price at $172. The rating they have provided for PKG stocks is “Buy” according to the report published on March 04th, 2024.
PKG Trading at -5.60% from the 50-Day Moving Average
After a stumble in the market that brought PKG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.66% of loss for the given period.
Volatility was left at 1.75%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares sank -8.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.51% upper at present.
During the last 5 trading sessions, PKG fell by -4.84%, which changed the moving average for the period of 200-days by +28.97% in comparison to the 20-day moving average, which settled at $184.47. In addition, Packaging Corp Of America saw 4.89% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PKG starting from Mundy Robert P., who sale 10,000 shares at the price of $182.51 back on Mar 06 ’24. After this action, Mundy Robert P. now owns 46,454 shares of Packaging Corp Of America, valued at $1,825,100 using the latest closing price.
KOWLZAN MARK W, the Chairman & CEO of Packaging Corp Of America, sale 53,196 shares at $186.70 during a trade that took place back on Mar 04 ’24, which means that KOWLZAN MARK W is holding 474,010 shares at $9,931,693 based on the most recent closing price.
Stock Fundamentals for PKG
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.22 for the gross margin
The net margin for Packaging Corp Of America stands at 0.1. The total capital return value is set at 0.14. Equity return is now at value 19.80, with 8.87 for asset returns.
Based on Packaging Corp Of America (PKG), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 20.24.
Currently, EBITDA for the company is 1.63 billion with net debt to EBITDA at 2.09. When we switch over and look at the enterprise to sales, we see a ratio of 2.29. The receivables turnover for the company is 7.52for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.57.
Conclusion
To put it simply, Packaging Corp Of America (PKG) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
