Shares of Consumer Discretionary sector company Packaging moved 1.9% today, and are now trading at a price of $214.3. The Large-Cap stock's daily volume was 214,327 compared to its average volume of 726,658. The S&P 500 index returned a 1.0% performance.
Packaging Corporation of America manufactures and sells containerboard and uncoated freesheet (UFS) paper products in North America. The company is based in Lake Forest and has 15,400 full time employees. Its market capitalization is $19,282,456,576. Packaging currently offers its equity investors a dividend that yields 2.4% per year.
9 analysts are following Packaging and have set target prices ranging from $152.0 to $244.0 per share. On average, they have given the company a rating of buy. At today's prices, PKG is trading 1.35% away from its average analyst target price of $211.44 per share.
Over the last year, PKG's share price has increased by 3.2%, which represents a difference of -9.8% when compared to the S&P 500. The stock's 52 week high is $250.82 per share whereas its 52 week low is $172.72. Packaging's average free cash flow over the last 5 years has been $657.7 Million, but they have been decreasing at an average rate of -6.0%. This may prove a challenge to the long term sustainability of the stock's upwards trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2024 | 1,191,200 | 669,700 | 521,500 | -38.31 |
| 2023 | 1,315,100 | 469,700 | 845,400 | 26.03 |
| 2022 | 1,495,000 | 824,200 | 670,800 | 37.18 |
| 2021 | 1,094,100 | 605,100 | 489,000 | -20.05 |
| 2020 | 1,032,800 | 421,200 | 611,600 | -24.3 |
| 2019 | 1,207,400 | 399,500 | 807,900 |
