For its third fiscal quarter (ending September 30), Packaging Corp Of America (NYSE: PKG) has reported E.P.S. of $2.64 compared to $2.04 a year ago. For the latest four quarters through September 30, E.P.S. were $8.59 versus $8.73 for the same period a year ago.
Recent Price Action
Packaging Corp Of America (NYSE: PKG) stock declined modestly by -1.1% on 10/22/24. The stock closed at $216.66. Moreover, trading volume in this decline was above average at 137% of normal. The stock has been strong relative to the market over the last nine months but has declined -1.5% 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Packaging has a poor Appreciation Score of 28 but a good Power Rating of 84, and the Neutral Value Trend Rating results.
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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