Packaging Corp of America (PKG) has been a topic of intense discussion in the market. The firm's stock has both underperformed and outperformed competitors on different trading days. Despite daily gains, some have expressed concerns regarding PKG's P/E, hinting at absent confidence. Nonetheless, the stock hit a fresh high, questioning if there is still room to grow.
Illinois Municipal Retirement Fund and
Mutual of America Capital Management LLC have reduced their holdings, while the likes of
Norden Group LLC,
Private Advisor Group LLC and
Daiwa Securities Group Inc. have increased theirs. Analyst insights explored the company's layers, while Q4 2023 and Q1 2024 earnings calls provided financial performance information. Despite strong performance in 2023, doubts remain concerning the company's Returns On Capital. PKG's resilient navigation of market challenges and impressive yearly gain of 49% were noted. After a great run, some experts argue a downgrade is due, while others advocate buying the dip. Important moves include executive retirement, short interest decline, and some stakeholders considering an exit. Wells Fargo & Company and Analysts at Citigroup increased the company's price target. Finally, concern emerged regarding insider selling at PKG.
Packaging Corp of America PKG News Analytics from Sun, 16 Aug 2015 06:33:32 GMT to Sun, 14 Jul 2024 18:23:52 GMT -
Rating 5
- Innovation -2
- Information 7
- Rumor -4
