Economy

Analysts See $1.69 EPS for Packaging Corp Of America (PKG)

Etrade Capital Management Llc acquired 31,358 shares as Packaging Corp Amer (PKG)'s stock rose 4.29%. The stock had a trading volume of 160,871 shares.

A number of analysts have recently issued reports on PKG shares. Moreover, Comerica Fincl Bank has 0.1% invested in Packaging Corp Of America (NYSE:PKG). It has outperformed by 38.22% the S&P500. BlackRock Inc. now owns 13,344,341 shares of the industrial products company's stock valued at $1,222,607,000 after purchasing an additional 13,193,032 shares during the last quarter. The Alphamark Advisors Llc holds 46,479 shares with $3.94M value, down from 52,333 last quarter.

Ronald Blue & Company Llc, which manages about $7.83 billion and $2.61B US Long portfolio, decreased its stake in Apple Computer Inc. The stock decreased 0.72% or $0.25 during the last trading session, reaching $34.48. About 324,979 shares traded. It has underperformed by 2.48% the S&P500. Following the sale, the vice president now directly owns 155,071 shares in the company, valued at approximately $18,289,073.74. 12th Street Asset Management Company, LLC now holds 145,740 shares worth $16,234,000. It also reduced Duke Energy Corp New (NYSE:DUK) stake by 228,236 shares and now owns 762,057 shares.

Among 4 analysts covering ServisFirst Bancshares (NASDAQ:SFBS), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 45% are positive.

07/18/2016 - Packaging Corporation of America was downgraded to "neutral" by analysts at Buckingham Research. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. On Tuesday, March 15 the stock rating was maintained by JP Morgan with "Neutral". The firm has "Neutral" rating given on Friday, December 23 by Credit Suisse. The stock has a market cap of $10.81 billion, a P/E ratio of 22.25 and a beta of 1.86. Foster Dykema Cabot & Communications Ma holds 4,305 shares. The stock of Buckeye Partners, L.P. (NYSE:BPL) has "Overweight" rating given on Thursday, February 25 by Morgan Stanley. Macquarie Research initiated it with "Neutral" rating and $67 target in Tuesday, November 10 report. The stock has "Buy" rating by Stifel Nicolaus on Wednesday, August 5. 30,901 are owned by Goldman Sachs Incorporated. JP Morgan maintained the shares of RLGY in report on Tuesday, March 15 with "Neutral" rating. Assetmark Inc. increased its position in shares of Packaging Corporation of America by 1.4% in the third quarter. Its up 0.26, from 1.2 in 2016Q3. 11 funds opened positions while 49 raised stakes. The dividend will be $0.630 per share for the quarter or $2.52 annualized. First Advsrs Limited Partnership owns 735,578 shares or 0.09% of their U.S. portfolio. Carroll Assoc stated it has 1,296 shares or 0.01% of all its holdings. Etrade Management Ltd Com reported 0.14% stake.

WARNING: "Packaging Corporation of America (PKG) VP Thomas A. Hassfurther Sells 6,000 Shares" was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. Zurcher Kantonalbank (Zurich Cantonalbank) holds 30,067 shares or 0.03% of its portfolio. First Manhattan invested in 0% or 5,529 shares. The Missouri-based Duncker Streett & has invested 0.03% in Buckeye Partners, L.P. (NYSE:BPL). Voya Mgmt Ltd Liability Corporation invested in 0.22% or 1.09 million shares. 55,773 are owned by Strs Ohio. 1,663 are owned by Panagora Asset. PKG's profit would be $159.43M giving it 17.25 P/E if the $1.69 EPS is correct. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.47 by $0.05. Therefore 36% are positive. The stock of Packaging Corp Of America (NYSE:PKG) earned "Outperform" rating by BMO Capital Markets on Thursday, July 23. After having $1.52 EPS previously, Packaging Corp Of America's analysts see 11.18% EPS growth.

09/02/2016 - Packaging Corporation of America had its "buy" rating reiterated by analysts at Argus. The company has a consensus rating of "Hold" and an average target price of $107.90. The firm earned "Hold" rating on Tuesday, November 22 by Deutsche Bank.

Among 2 analysts covering American Software (NASDAQ:AMSWA), 2 have Buy rating, 0 Sell and 0 Hold. Citigroup maintained it with "Neutral" rating and $81 target in Wednesday, August 31 report. MSI Financial Services Inc increased its position in shares of Packaging Corporation of America by 3.7% in the third quarter. Amalgamated Savings Bank owns 20,099 shares. Autodesk Inc (NASDAQ:ADSK) was reduced too.

Investors sentiment decreased to 0.8 in 2016 Q4. Its down 0.38, from 1.18 in 2016Q3. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Packaging Corporation of America by 2.7% during the second quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company.

Shares of Packaging Corporation of America (NYSE PKG) traded down 0.28% during trading on Thursday, hitting $115.65.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, July 26th. Hsbc Holdg Public Ltd Com invested in 11,739 shares. Arrow Corp accumulated 625 shares. Blackrock Fund Advsrs owns 7.35 million shares. Sunbelt Securities Inc holds 0% or 852 shares. It was reported on Sep, 13 by Barchart.com. 18,039 were reported by Amalgamated National Bank. First Tru holds 0.07% of its portfolio in Packaging Corp Of America (NYSE:PKG) for 5,802 shares. Earnest Prtnrs Ltd Limited Liability Company invested 0.21% of its portfolio in Packaging Corp Of America (NYSE:PKG). Lord Abbett accumulated 281,208 shares or 0.07% of the stock.



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