Packaging Corp (PKG) Gains 49% in a Year: What's Aiding It? [Yahoo! Finance]
Packaging Corporation of America (PKG)
Last packaging corporation of america earnings: 4/27 05:00 pm
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packagingcorp.com
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Source: Yahoo! Finance
Image Source: Zacks Investment Research Let us take a look into the factors behind this Zacks Rank #2 (Buy) company's price appreciation. Solid E-Commerce Demand: Packaging Corp has been benefitting from strong growth in e-commerce activities that continue to support packaging demand. The Packaging segment accounts for around 91% of the company's revenues. Packaging products are essential for distributing food, beverage and pharmaceutical products. The Packaging segment will continue to reflect stable packaging demand for meat, fruit and vegetables, processed food, beverages, medicine, and other consumer products. Improvement in Order Levels : In the first quarter of 2024, the outside sales volume of containerboard increased 40,000 tons from the first quarter of 2023. The company's order backlog and containerboard sales were strong in the quarter. The company expects total corrugated product shipments to be higher in 2024 for the packaging segment, reflecting the ongoing ro
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PKG
News
- Packaging Corporation of America (PKG) Hits Fresh High: Is There Still Room to Run? [Yahoo! Finance]Yahoo! Finance
- Packaging Corporation of America Schedules Conference Call to Discuss Second Quarter 2024 Operating ResultsBusiness Wire
- Packaging Co. of America (NYSE: PKG) had its price target raised by analysts at Bank of America Co. from $197.00 to $200.00. They now have a "buy" rating on the stock.MarketBeat
- Packaging Corporation of America's (NYSE:PKG) Intrinsic Value Is Potentially 57% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- Packaging Corp (PKG) Gains on E-Commerce Demand Amid High Costs [Yahoo! Finance]Yahoo! Finance
PKG
Earnings
- 4/22/24 - Miss
PKG
Sec Filings
- 5/30/24 - Form 11-K
- 5/30/24 - Form 11-K
- 5/17/24 - Form 3
- PKG's page on the SEC website