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Packaging Corp Of America (NYSE: PKG) closed the day trading at $170.88 down -4.69% from the previous closing price of $179.29. In other words, the price has decreased by -$4.69 from its previous closing price. On the day, 1.44 million shares were traded. PKG stock price reached its highest trading level at $173.84 during the session, while it also had its lowest trading level at $169.0.
Ratios:
For a better understanding of PKG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.11. For the most recent quarter (mrq), Quick Ratio is recorded 1.77 and its Current Ratio is at 2.57. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.67.
On March 04, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $172 to $202.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 06 ’24 when Mundy Robert P. sold 10,000 shares for $182.51 per share. The transaction valued at 1,825,100 led to the insider holds 46,454 shares of the business.
KOWLZAN MARK W sold 53,196 shares of PKG for $9,931,693 on Mar 04 ’24. The Chairman & CEO now owns 474,010 shares after completing the transaction at $186.70 per share. On Feb 29 ’24, another insider, Hassfurther Thomas A, who serves as the Exec. VP of the company, sold 13,850 shares for $181.06 each. As a result, the insider received 2,507,681 and left with 187,647 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PKG now has a Market Capitalization of 15337300992. As of this moment, Packaging’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.15, and their Forward P/E ratio for the next fiscal year is 16.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96 while its Price-to-Book (P/B) ratio in mrq is 3.83.
Stock Price History:
Over the past 52 weeks, PKG has reached a high of $191.27, while it has fallen to a 52-week low of $122.20. The 50-Day Moving Average of the stock is -5.60%, while the 200-Day Moving Average is calculated to be 5.98%.
Shares Statistics:
Over the past 3-months, PKG traded about 698.58K shares per day on average, while over the past 10 days, PKG traded about 847660 shares per day. A total of 89.62M shares are outstanding, with a floating share count of 87.72M. Insiders hold about 2.13% of the company’s shares, while institutions hold 90.96% stake in the company. Shares short for PKG as of 1711584000 were 1417494 with a Short Ratio of 2.03, compared to 1709164800 on 1786751. Therefore, it implies a Short% of Shares Outstanding of 1417494 and a Short% of Float of 2.08.
Dividends & Splits
PKG’s forward annual dividend rate is 5.00, up from 3.75 a year ago. Against a Trailing Annual Dividend Yield of 0.020915836The stock’s 5-year Average Dividend Yield is 3.06.
