Jefferies upgrades Packaging Corp of America on strong market position and outlook [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
a "buy" rating, reflecting confidence in the company's potential to outperform the market in the coming year. This move comes as the analysts foresee the company benefiting from several key factors, including improved industry conditions, market share gains, and a more favorable industry structure, especially as competitors in the sector shift their focus towards value-over-volume strategies. The analysts point to Packaging Corp of America's strong position as the only U.S.-based pure-play in the packaging sector, which has allowed the company to consistently gain share. Jefferies sees the manufacturing company as a primary beneficiary of the ongoing consolidation within the industry, including closures of less-efficient mills by major players like International Paper and WestRock (NYSE:WRK). This consolidation should help drive pricing stability and allow the company to increase its market share. In particular, Jefferies notes that Packaging Corp of America is set to benefit
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News
- Packaging Corp. (PKG) Loses -6.1% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner [Yahoo! Finance]Yahoo! Finance
- 3 Packaging Stocks Likely to Continue Their Winning Streaks in 2025 [Yahoo! Finance]Yahoo! Finance
- Packaging Co. of America (NYSE: PKG) was upgraded by analysts at Jefferies Financial Group Inc. from a "hold" rating to a "buy" rating. They now have a $280.00 price target on the stock, up previously from $215.00.MarketBeat
- Packaging Corporation of America (NYSE:PKG) Has Affirmed Its Dividend Of $1.25 [Yahoo! Finance]Yahoo! Finance
- Packaging Co. of America (NYSE: PKG) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
PKG
Earnings
- 10/22/24 - Beat
PKG
Sec Filings
- 12/4/24 - Form 4
- 12/4/24 - Form 3/A
- 12/3/24 - Form 144
- PKG's page on the SEC website