Packaging Corp of America (PKG), a leading player in the packaging industry, has seen a considerable movement in its business and market position recently. Conning Inc., Lmcg Investments LLC, QRG Capital Management Inc., and other firms have significantly increased their respective holdings in PKG. PKG’s stock has also attracted new investor attention as BofA Securities, Seaport Global, J.P. Morgan, and Citigroup have all raised their respective price targets for the company, reiterating strong buy ratings. PKG announced it would acquire Greif's containerboard business in a $1.8 billion deal, expanding capacity. However, there are also concerns as the company missed its Q2 revenue estimates. CEO Kowzan’s sale of $5.4m worth the company’s stocks raised eyebrows alongside a 6% drop in share prices after tariff worries were flagged. On the brighter side, analysts from UBS Group and Wells Fargo believe PKG stock price is expected to rise. PKG also declared $1.25 per share dividend, which will excite shareholders who have enjoyed a 145% return in the last five years.
Packaging Corp of America PKG News Analytics from Fri, 31 Jan 2025 08:00:00 GMT to Sat, 11 Oct 2025 11:08:27 GMT -
Rating 6
- Innovation 3
- Information 5
- Rumor 3
