For its first fiscal quarter (ending March 31), Packaging Corp Of America (NYSE: PKG) has reported E.P.S. of $1.64 compared to $2.12 a year ago. E.P.S. were $8.04 for the latest four quarters through March 31 versus $10.47 for the same period a year ago.
Recent Price Action
Packaging Corp Of America (NYSE: PKG) stock declined slightly by -0.3% on 4/22/24. The stock closed at $179.29. Trading volume in this decline was normal. The stock has been strong relative to the market over the last nine months but has declined -1.6% during the last week.
Current PriceTarget Research Rating
PKG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Packaging has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Packaging has a slightly negative Appreciation Score of 31 but a very high Power Rating of 91, resulting in the High 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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