Packaging Corp of America (PKG) has drawn significant interest from the investment community - perceived as a transformative player in its industry and gaining an Overweight rating from J.P. Morgan. This valuation has been underpinned by industry transformation and a solid reputation as a strong operator, with an M&A tailwind following its acquisition of Greif's containerboard business for $1.8 billion. Despite Q2 revenue estimates being missed, the company's dividend yield is attracting investors, as is its potential for a significant increase in short interest. Inside the company, there have been notable changes, with CEO Kowzan selling $5.4m in stock. Yet, significant purchases of shares by the likes of Assenagon Asset Management S.A., Baader Bank Aktiengesellschaft, and Wedge Capital Management L L P NC have occurred, counterbalancing this sale. However, Zacks Research issued a pessimistic estimate for PKG's earnings, despite a new price target of $262 from Truist Financial. Whether PKG stock truly is set for new heights remains to be seen.
Packaging Corp of America PKG News Analytics from Fri, 31 Jan 2025 08:00:00 GMT to Fri, 26 Sep 2025 11:57:57 GMT - Rating 8 - Innovation 4 - Information 9 - Rumor -2
