KeyBanc analyst Adam Josephson maintained a Sell rating on Packaging (NYSE:PKG) Corporation Of America on Wednesday, setting a price target of $90, which is approximately 13.07% below the present share price of $103.53.
Josephson expects Packaging Corporation Of America to post earnings per share (EPS) of $1.50 for the third quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Packaging, with an average price target of $98.86.
The analysts price targets range from a high of $117 to a low of $90.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.71 billion and a net profit of $219.1 million. The company's market cap is $9.67 billion.
According to TipRanks.com, KeyBanc analyst Adam Josephson is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.5% and a 65.09% success rate.
Packaging Corp . of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers. The Corporate and Other segment focuses on transportation assets, as well as rail cars, and trucks. The company was founded in 1959 and is headquartered in Lake Forest, IL.