Significant developments have been reported on Packaging Corp of America (NYSE:PKG). One of the major events is the company's $1,8 billion acquisition of Greif's containerboard business, which extends its production capacity by 800k tons. Bank of New York Mellon Corp has sold 18,951 of PKG shares. However, SteelPeak Wealth LLC and the Teacher Retirement System of Texas increased and cut their holdings in PKG, respectively. In the meantime, market sentiments towards PKG are generally positive with most analysts giving a 'Moderate Buy' recommendation and a price target of $210 by UBS Group. The company’s recent Q1 2025 earnings reveal record cash flow and the stock is building momentum. Despite this, PKG’s Q1 sales were lower than expected
However, Citi maintains a Neutral rating, expecting more substantial weakness ahead. The company has also raised concerns over tariff issues, which led to its stock dropping by 6%. Despite all these, PKG continues to affirm its $1.25 dividend.
Packaging Corp of America PKG News Analytics from Tue, 22 Oct 2024 07:00:00 GMT to Sat, 12 Jul 2025 19:11:33 GMT - Rating 6 - Innovation 2 - Information 8 - Rumor 3
