For its second fiscal quarter (ending June 30), Packaging Corp Of America (NYSE: PKG) has reported a -2% decline in E.P.S. from $2.25 a year ago to $2.21 in the current quarter. However, this performance was $0.10 better than the consensus estimate of $2.11. For the latest four quarters through June 30, E.P.S. were $7.99 versus $9.50 for the same period a year ago — a decline of -16%.
Recent Price Action
Packaging Corp Of America (NYSE: PKG) stock declined slightly by -0.3% on 7/23/24. The stock closed at $192.82. Moreover, trading volume in this decline was unusually high at 163% of normal. The stock has been strong relative to the market over the last nine months and has risen 3.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PKG is expected to continue to be a major Value Builder.
Packaging has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Packaging has a poor Appreciation Score of 28 but a good Power Rating of 82, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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