Packaging Corp Of America (NYSE: PKG) on Friday, soared 0.92% from the previous trading day, before settling in for the closing price of $178.25. Within the past 52 weeks, PKG’s price has moved between $122.20 and $191.27.
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Annual sales at Consumer Cyclical sector company grew by 2.54% over the past five years. The company achieved an average annual earnings per share of 0.27%. With a float of $87.72 million, this company’s outstanding shares have now reached $89.62 million.
Let’s look at the performance matrix of the company that is accounted for 14900 employees.
Packaging Corp Of America (PKG) Insider and Institutional Ownership
Observing investor behavior towards Packaging & Containers industry stocks is more important than anything else. The insider ownership of Packaging Corp Of America is 2.13%, while institutional ownership is 90.95%. The most recent insider transaction that took place on Mar 06 ’24, was worth 1,825,100. In this transaction EVP & CFO of this company sold 10,000 shares at a rate of $182.51, taking the stock ownership to the 46,454 shares. Before that another transaction happened on Mar 04 ’24, when Company’s Chairman & CEO sold 53,196 for $186.70, making the entire transaction worth $9,931,693. This insider now owns 474,010 shares in total.
Packaging Corp Of America (PKG) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 65.74 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.27% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -14.29% during the next five years compared to 1.69% growth over the previous five years of trading.
Packaging Corp Of America (NYSE: PKG) Trading Performance Indicators
Packaging Corp Of America (PKG) is currently performing well based on its current performance indicators. A quick ratio of 1.77 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.07. Likewise, its price to free cash flow for the trailing twelve months is 19.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.48, a number that is poised to hit 1.68 in the next quarter and is forecasted to reach 10.13 in one year’s time.
Technical Analysis of Packaging Corp Of America (PKG)
Packaging Corp Of America (NYSE: PKG) saw its 5-day average volume 0.99 million, a positive change from its year-to-date volume of 0.69 million. As of the previous 9 days, the stock’s Stochastic %D was 8.92%. Additionally, its Average True Range was 3.37.
During the past 100 days, Packaging Corp Of America’s (PKG) raw stochastic average was set at 69.81%, which indicates a significant increase from 18.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.19% in the past 14 days, which was lower than the 18.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $180.77, while its 200-day Moving Average is $160.99. Nevertheless, the first resistance level for the watch stands at $181.31 in the near term. At $182.72, the stock is likely to face the second major resistance level. The third major resistance level sits at $184.53. If the price goes on to break the first support level at $178.08, it is likely to go to the next support level at $176.27. The third support level lies at $174.85 if the price breaches the second support level.
Packaging Corp Of America (NYSE: PKG) Key Stats
Market capitalization of the company is 16.12 billion based on 89,755K outstanding shares. Right now, sales total 7,802 M and income totals 765,200 K. The company made 1,938 M in profit during its latest quarter, and 189,200 K in sales during its previous quarter.
