Packaging Corporation Of America
 (PKG)

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  • Mon, Jan. 25, 2:34 PM
    • Concerns over pricing are running up and down the paper and packaging sector.
    • A drop in prices during January could lead to even further erosion down the road warns, Citi.
    • Downgrades: Citi lowers International Paper (IP -10.5%) and Packaging Corp. of America (PKG -13.1%) to Neutral from Buy, BAML takes Westrock (WRK -13.8%) to Neutral from Buy, Macquarie slams KapStone Paper & Packaging (KS -21.8%) with an Underperform rating.
    • Also showing weakness are Domtar (UFS -7.4%), Orchids Paper Products (TIS -1.9%), P H Glatfelter (GLT -9.2%), and Clearwater Paper (CLW -6.4%).
    | Mon, Jan. 25, 2:34 PM | 8 Comments
  • Oct. 9, 2015, 10:16 AM
    • Paper and packaging stocks are in rally mode off of positive signs in the sectors for pricing. The moves also arrive amid a broader rally in consumer products stocks this week.
    • Also in the mix, there's a new study from RISI suggesting new Department of Commerce anti-dumping rules could benefit domestic suppliers.
    • The bottom line is broad-based gains are being struck.
    • Gainers include KapStone Paper and Packaging (KS +9.2%), Wausau Paper (WPP +2.1%), PH Glatfelter (RFP +1.9%), Domtar (UFS +0.9%), International Paper (IP +5.7%), Packaging Corporation of America (PKG +4.5%), WestRock Company (WRK +4.4%), Graphic Packaging Holding (GPK +1.1%).
    | Oct. 9, 2015, 10:16 AM | 1 Comment
  • Jun. 4, 2015, 10:04 AM
    • Containerboard stocks are off slightly as pricing concerns due to oversupply linger in the background.
    • The sector is also facing a headwind due to a new IRS proposal which would limit income for publicly traded partnerships.
    • MeadWestvaco (NYSE:MWV) -1.4%, Rock-Tenn (NYSE:RKT) -1.5%, Packaging Corp of America (NYSE:PKG) -1.1%, Graphic Packaging (NYSE:GPK) -1.1%, International Paper (NYSE:IP) -0.5%, KapStone Paper and Packaging (NYSE:KS) -0.5%.
    | Jun. 4, 2015, 10:04 AM | 6 Comments
  • Apr. 21, 2015, 10:04 AM
    • An earnings miss yesterday by Packaging Corporation of America (PKG -8.3%) is helping to take peers lower.
    • The company also issued guidance below the expectations of analysts.
    • White paper and containboard pricing is a concern in the sector.
    • Previously: Packaging misses by $0.07, misses on revenue (Apr. 20 2015)
    • Decliners: Rock-Tenn (NYSE:RKT) -2.6%, International Paper (NYSE:IP) -1.5%, MeadWestvaco (NYSE:MWV) -2.6%, KapStone Paper (NYSE:KS) -2.5%, Clearwater Paper (NYSE:CLW) -1.0%.
    | Apr. 21, 2015, 10:04 AM | 10 Comments
  • Mar. 6, 2015, 2:58 PM
    • Domtar (UFS +3.6%) shoots higher following headlines that the company received a favorable ruling from the International Trade Commission in the preliminary phase of anti-dumping and countervailing duty investigations concerning certain uncoated paper from Australia, Brazil, China, Indonesia and Portugal.
    • Other paper packaging stocks are lower: IP -0.9%, PKG -1.9%, RKT -1.7%, MWV -1.8%, KS -1.5%.
    | Mar. 6, 2015, 2:58 PM
  • Jan. 28, 2015, 9:05 AM
    • D.A. Davidson upgrades Packaging Corp. of America (NYSE:PKG) to a Buy rating from Neutral on what it sees as an overreaction to the firm's Q1 guidance.
    • The investment firm sets a $90 price target on shares.
    • It's been a volatile week for the paper/containerboard sector after Rock-Tenn and MeadWestvaco announced their merger on Monday.
    • PKG +2.5% premarket to $78.20.
    | Jan. 28, 2015, 9:05 AM
  • Jan. 27, 2015, 1:20 PM
    • Shares of Packaging Corp. of America (PKG -8%) decline after the company missed slightly with its Q4 report and issued disappointing guidance.
    • Several sector peers are also lower: KapStone Paper & Packaging (NYSE:KS) -4.7%, Rock-Tenn (NYSE:RKT) -1.6%, International Paper (NYSE:IP) -1.3%.
    • Yesterday, the sector was all smiles off M&A buzz.
    | Jan. 27, 2015, 1:20 PM
  • Jan. 26, 2015, 6:51 PM
    • Packaging Corp. of America's (NYSE:PKGQ4 revenue rose 13% to a record $1.43B as its Boise acquisition helped boost shipments of corrugated products, but shares -7% AH as earnings and revenue missed estimates.
    • PKG also issues downside guidance for Q1, seeing EPS of $1.07-$1.10 vs. $1.25 analyst consensus estimate, as it anticipates lost containerboard production of ~60K tons, higher operating costs from annual maintenance downtime at its two largest containerboard mills, and two fewer production days than in Q4.
    • Q4 packaging sales rose 8.8% Y/Y to $1.12B, while shipments of corrugated products grew 5.4% and jumped 11% when including Boise.
    • Containerboard production totaled 927K tons vs. 803K tons in the year-ago period and 858K in Q3, as the latest quarter included 58K tons produced on a machine converted to containerboard production from at its DeRidder, La., operation.
    | Jan. 26, 2015, 6:51 PM
  • Jan. 26, 2015, 5:36 PM
    • Top gainers, as of 5:15 p.m.: CLUB +18.4%. PRU +2.9%. GSAT +2.4%. PLOW +1.8%. VIPS +1.6%.
    • Top losers, as of 5:15 p.m.: JOE -9.1%. SANM -8.3%. PKG -5.7%. PX -4.9%. RMBS -4.6%.
    | Jan. 26, 2015, 5:36 PM
  • Jan. 26, 2015, 9:52 AM
    • A mega-merger in the paper industry between Rock-Tenn and MeadWestvaco has lifted other names in the sector fighting a tough tape.
    • The delicate balance of pricing in the containerboard/packaging/paper sector is viewed as more stable with two giants combining.
    • Advancers: Packaging Corp. of America (NYSE:PKG) +1.4%, International Paper (NYSE:IP) +0.7%, KapStone Paper and Packaging (NYSE:KS) +2.8%, Clearwater Paper (NYSE:CLW) +0.2%, Wausau Paper (NYSE:WPP) +0.1%, Orchids Paper Products (NYSEMKT:TIS) +0.3%.
    • Previously: Rock-Tenn and MeadWestvaco up on paper
    • Previously: Rock-Tenn and MeadWestvaco to merge
    | Jan. 26, 2015, 9:52 AM
  • Sep. 11, 2014, 11:05 AM
    • Presenting at the UBS Global Paper and Forest Products Conference this morning, International Paper (IP +2.5%) management says it's moved from a study phase on possible conversion to an MLP structure to a "more serious evaluation phase."
    • At the same conference, KapStone (KS +2%) says it's taking a look at the MLP idea as well.
    • Others in the industry also have their tails in the air: Rock-Tenn (RKT +2.2%), Packaging Corp. (PKG +1.3%), MeadWestvaco (MWV +1.9%).
    • International Paper Tuesday night boosted its quarterly payout by 14% to $0.40 per share. The dividend is payable on Dec. 15 to holders of record on Nov. 17. The annualized yield is 3.2%.
    | Sep. 11, 2014, 11:05 AM
  • Jul. 24, 2014, 2:04 PM
    • Paper and containerboard stocks are notably strong as Perry Capital comes out positive on the group, citing a PWC study regarding the potential for MLP conversion.
    • Perry believes managements can create master limited partnerships for their paper mills to drive share upside potential of 50%-100%, the fund firm says in its Q2 letter.
    • CLW +12.4%, KS +9.7%, RKT +8.9%, IP +5.3%, PKG +4.8%.
    | Jul. 24, 2014, 2:04 PM | 1 Comment
  • Feb. 12, 2014, 9:10 AM
    | Feb. 12, 2014, 9:10 AM
  • Jan. 2, 2014, 5:40 PM
    • Top gainers, as of 5:15 p.m.: CALD +8.3%. GV +7.9%. RECN +5.3%. GCC +4.0%. ILF +3.5%.
    • Top losers, as of 5:15 p.m.: ENPH -4.3%. DKL -3.4%. LNDC -3.1%. IAU -1.7%. PKG -1.6%.
    | Jan. 2, 2014, 5:40 PM
  • Oct. 14, 2013, 5:04 PM
    • Packaging Corp (PKG): Q3 EPS of $0.91 beats by $0.02.
    • Revenue of $845.4M beats by $14.7M. Shares +2.51% AH. (PR)
    | Oct. 14, 2013, 5:04 PM
  • Sep. 16, 2013, 3:18 PM
    • Packaging Corporation of America (PKG +8.4%) shares continue to run as Jefferies upgrades the company to Buy from Hold and raises its PT to $70 from $49 with a bull-case scenario of $88.
    • Analyst Philip Ng believes the company's acquisition of Boise comes at an attractive multiple and called the deal "great."
    | Sep. 16, 2013, 3:18 PM
Company Description
Packaging Corp of America is a producer of container board and corrugated products in the United States. The Company also produces multi-color boxes and displays, as well as meat boxes and wax-coated boxes for the agricultural industry.