Are Analysts Bearish Packaging Corporation of America (NYSE:PKG) After Last Week?

Packaging Corporation of America (NYSE:PKG) LogoInvestors sentiment increased to 1.02 in Q2 2018. Its up 0.07, from 0.95 in 2018Q1. It is positive, as 33 investors sold Packaging Corporation of America shares while 170 reduced holdings. 58 funds opened positions while 149 raised stakes. 80.19 million shares or 1.93% more from 78.67 million shares in 2018Q1 were reported.
Amer Century Inc owns 367,214 shares or 0.04% of their US portfolio. Advisor Ptnrs Ltd Llc holds 3,075 shares. Dupont Management stated it has 0.08% in Packaging Corporation of America (NYSE:PKG). Walleye Trading Lc has 0% invested in Packaging Corporation of America (NYSE:PKG). Ameritas Prtnrs has invested 0.05% in Packaging Corporation of America (NYSE:PKG). Cubic Asset Mgmt Limited Liability holds 2,893 shares. Brandywine Inv Management Ltd Liability Company accumulated 0.06% or 79,877 shares. Raymond James & Assoc stated it has 89,111 shares. Cape Cod Five Cents Savings Bank holds 11,796 shares. Cwm Limited Liability Corporation reported 153 shares stake. State Treasurer State Of Michigan holds 27,900 shares or 0.02% of its portfolio. Moreover, Leavell Invest Mngmt has 0.15% invested in Packaging Corporation of America (NYSE:PKG). Hodges Management reported 3,000 shares stake. Profund Advisors Lc owns 2,178 shares for 0.01% of their portfolio. Voya Investment Management Limited Liability Corporation stated it has 1.51 million shares or 0.36% of all its holdings.

Since June 5, 2018, it had 0 insider purchases, and 1 insider sale for $68,451 activity.

Packaging Corporation of America (NYSE:PKG) Ratings Coverage

Among 6 analysts covering Packaging Corp of America (NYSE:PKG), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Packaging Corp of America had 10 analyst reports since July 10, 2018 according to SRatingsIntel. The company was maintained on Friday, October 26 by Wells Fargo. The stock has “Neutral” rating by Citigroup on Monday, July 30. On Tuesday, July 10 the stock rating was maintained by Citigroup with “Neutral”. Argus Research maintained the stock with “Buy” rating in Friday, October 26 report. The firm has “Neutral” rating given on Thursday, October 11 by Citigroup. BMO Capital Markets downgraded Packaging Corporation of America (NYSE:PKG) on Tuesday, October 9 to “Market Perform” rating. The firm has “Market Perform” rating given on Friday, July 27 by Wells Fargo. The firm has “Equal-Weight” rating given on Monday, October 29 by Barclays Capital. The firm has “Equal-Weight” rating given on Monday, July 30 by Barclays Capital. Below is a list of Packaging Corporation of America (NYSE:PKG) latest ratings and price target changes.

29/10/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $100 New Target: $95 Maintain
26/10/2018 Broker: Argus Research Old Rating: Buy New Rating: Buy Old Target: $130 New Target: $105 Maintain
26/10/2018 Broker: Wells Fargo Old Rating: Outperform New Rating: Outperform Old Target: $140 New Target: $110 Maintain
23/10/2018 Broker: Seaport Global Rating: Buy New Target: $112 Initiates Coverage On
11/10/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $124 New Target: $98 Maintain
09/10/2018 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Market Perform Old Target: $130 New Target: $108 Downgrade
30/07/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $125 New Target: $120 Maintain
30/07/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $121 New Target: $124 Maintain
27/07/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $150 New Target: $140 Maintain
10/07/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $128 New Target: $121 Maintain

The stock increased 0.20% or $0.1924 during the last trading session, reaching $95.6324. About 470,616 shares traded. Packaging Corporation of America (NYSE:PKG) has declined 4.55% since November 14, 2017 and is downtrending. It has underperformed by 20.17% the S&P500.

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company has market cap of $8.97 billion. The companyÂ’s Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging. It has a 12.31 P/E ratio. This segment also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.

Another recent and important Packaging Corporation of America (NYSE:PKG) news was published by Fool.com which published an article titled: “4 Key Points From Packaging Corp. of America’s Third-Quarter Earnings” on November 01, 2018.

Packaging Corporation of America (NYSE:PKG) Institutional Positions Chart

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