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Analyst Report: Packaging Corp of America

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Packaging Corporation of Americ (PKG) Stock Forecasts

AllAnalyst Report

Argus•February 26, 2024

Symbols

PKG

Sector(s)

Consumer Cyclical

Rating

Current Price

$175.41

Price Target

Earnings Estimate

Summary

Packaging Corp. of America is a manufacturer of containerboard and corrugated products. It is the third-largest producer of containerboard products and corrugated packaging, as well as a leading producer of uncoated freesheet paper in North America. The company produces various corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods. It also produces multicolor boxes and displays for packaged retail products and meat boxes and wax-coated boxes for agricultural suppliers.
Packaging Corp. of America was founded in 1867. It operates seven mills and 89 corrugated products plants and related facilities. The company has 15,100 employees. The shares are a component of the S&P 500.

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Analyst Profile

David E. Coleman

Securities Analyst and Quantitative Portfolio Strategist

At Argus Research, David covers various Airline, Tobacco and Materials companies and is also a quantitative portfolio strategist. He received his undergraduate degree from Edinboro University of Pennsylvania, graduating magna cum laude with a Bachelor of Science degree in Biology and a minor in Psychology. Prior to joining Argus, David worked in a variety of industries, ranging from industrial engineering to commercial fishing. David is the great-grandson of Harold B. Dorsey, who founded Argus in 1934. He started his career at Argus in the Economics department.

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