Asia Pacific Wire & Cable Limited (APWC) At $1.55 Forms Bottom; Packaging of America (PKG) Covered By 1 Bulls

Packaging Corporation of America (NYSE:PKG) Logo

Among 7 analysts covering Packaging Corporation of America (NYSE:PKG), 1 have Buy rating, 2 Sell and 4 Hold. Therefore 14% are positive. Packaging Corporation of America has $118 highest and $89 lowest target. $107.43’s average target is -0.75% below currents $108.24 stock price. Packaging Corporation of America had 13 analyst reports since September 27, 2019 according to SRatingsIntel. Deutsche Bank maintained Packaging Corporation of America (NYSE:PKG) rating on Monday, December 9. Deutsche Bank has “Hold” rating and $11500 target. Wells Fargo maintained the stock with “Market Perform” rating in Friday, October 25 report. The rating was maintained by Argus Research with “Buy” on Friday, October 25. The stock has “Sell” rating by Goldman Sachs on Tuesday, December 10. The stock of Packaging Corporation of America (NYSE:PKG) has “Sell” rating given on Thursday, October 24 by KeyBanc Capital Markets. Citigroup maintained Packaging Corporation of America (NYSE:PKG) rating on Thursday, October 17. Citigroup has “Neutral” rating and $10800 target. See Packaging Corporation of America (NYSE:PKG) latest ratings:

07/01/2020 Broker: BidaskScore Rating: Sell Downgrade
10/12/2019 Broker: Goldman Sachs Old Rating: Neutral New Rating: Sell New Target: $102.0000 Downgrade
09/12/2019 Broker: Deutsche Bank Rating: Hold Old Target: $100.0000 New Target: $115.0000 Maintain
02/12/2019 Broker: BNP Paribas Rating: Neutral New Target: $118.0000 Initiates Coverage On
26/11/2019 Broker: Vertical Research Old Rating: Buy New Rating: Hold Downgrade
15/11/2019 Broker: BidaskScore Rating: Hold Downgrade
01/11/2019 Broker: BidaskScore Rating: Hold Downgrade
25/10/2019 Broker: Argus Research Rating: Buy New Target: $118 Maintain
24/10/2019 Broker: KeyBanc Capital Markets Rating: Sell New Target: $89 Maintain
25/10/2019 Broker: Wells Fargo Rating: Market Perform Old Target: $100.0000 New Target: $102.0000 Maintain

Asia Pacific Wire & Cable Corporation Limited (APWC) formed multiple bottom with $1.44 target or 7.00% below today’s $1.55 share price. Asia Pacific Wire & Cable Corporation Limited (APWC) has $21.42 million valuation. The stock decreased 3.13% or $0.05 during the last trading session, reaching $1.55. About 16,911 shares traded or 73.98% up from the average. Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) has declined 42.41% since January 16, 2019 and is downtrending. It has underperformed by 42.41% the S&P500. Some Historical APWC News: 04/05/2018 – Asia Pacific Wire & Cable Corp Reports 2017 Fincl Results; 29/03/2018 Asia Pacific Wire & Cable Corporation Retains Asia Alpha Investor Relations as its Investor Relations Advisor; 04/05/2018 – Asia Pacific Wire & Cable 2017 Rev $425.2M; 04/05/2018 – Asia Pacific Wire & Cable Corporation Reports 2017 Financial Results; 04/05/2018 – Asia Pacific Wire & Cable 2017 Net $8.7M; 04/05/2018 – Asia Pacific Wire & Cable 2017 EPS 63c

More notable recent Packaging Corporation of America (NYSE:PKG) news were published by: Finance.Yahoo.com which released: “Why Packaging Corporation of America’s (NYSE:PKG) Return On Capital Employed Is Impressive – Yahoo Finance” on January 08, 2020, also Seekingalpha.com with their article: “Wells Fargo cautiously optimistic on container/packaging sector – Seeking Alpha” published on January 14, 2020, Finance.Yahoo.com published: “When Should You Buy Packaging Corporation of America (NYSE:PKG)? – Yahoo Finance” on November 19, 2019. More interesting news about Packaging Corporation of America (NYSE:PKG) were released by: Finance.Yahoo.com and their article: “Packaging Corporation of America (NYSE:PKG) Delivered A Better ROE Than Its Industry – Yahoo Finance” published on October 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “Should You Worry About Packaging Corporation of America’s (NYSE:PKG) CEO Pay? – Yahoo Finance” with publication date: December 12, 2019.

Investors sentiment decreased to 0.83 in Q3 2019. Its down 0.20, from 1.03 in 2019Q2. It dropped, as 47 investors sold Packaging Corporation of America shares while 160 reduced holdings. 50 funds opened positions while 121 raised stakes. 84.95 million shares or 6.15% more from 80.03 million shares in 2019Q2 were reported. Alps Advsrs Inc holds 328,748 shares. Optimum Invest Advsrs holds 2,600 shares. Virginia Retirement Systems Et Al, Virginia-based fund reported 59,600 shares. Hartford Mgmt holds 10,239 shares or 0.03% of its portfolio. Century Incorporated reported 1.56 million shares or 0.17% of all its holdings. Lpl Fincl Ltd Liability Corp owns 0% invested in Packaging Corporation of America (NYSE:PKG) for 17,897 shares. First Hawaiian State Bank reported 3,949 shares. Van Eck Assocs has invested 0% in Packaging Corporation of America (NYSE:PKG). Arrow Financial Corp invested in 625 shares. Gemmer Asset Ltd Liability invested in 0.01% or 279 shares. Massachusetts-based Reynders Mcveigh Capital Mgmt Lc has invested 0.02% in Packaging Corporation of America (NYSE:PKG). Oppenheimer has 3,465 shares for 0.01% of their portfolio. Stifel Fin Corporation has 38,285 shares. Md Sass Invsts Svcs reported 6,500 shares stake. Advisor Prtnrs Limited Liability Co reported 5,109 shares.

The stock increased 1.49% or $1.59 during the last trading session, reaching $108.24. About 727,467 shares traded or 4.86% up from the average. Packaging Corporation of America (NYSE:PKG) has risen 18.81% since January 16, 2019 and is uptrending. It has outperformed by 18.81% the S&P500. Some Historical PKG News: 15/05/2018 – Packaging Corp of America Declares Quarterly Dividend of 79c/Share; 25/04/2018 – PACKAGING CORP SEES `INCREMENTAL WAGE PRESSURE’ IN LABOR MARKET; 08/05/2018 – Packaging Corp at Wells Fargo Industrials Conference Tomorrow; 20/04/2018 – DJ Packaging Corporation of America, Inst Holders, 1Q 2018 (PKG); 24/04/2018 – Packaging Corp at Wells Fargo Industrials Conference May 9; 24/04/2018 – Packaging Corporation of America’s Chief Executive Officer to Speak at Wells Fargo Securities Research, Economics & Strategy 2018 Industrials Conference; 19/04/2018 – DJ Chase Packaging Corporation, Inst Holders, 1Q 2018 (CPKA); 20/04/2018 – Packaging Corp: PCA Supports ICPF Dinner and Teleconference – 4/20/2018; 15/05/2018 – PKG BOOSTS QTR DIV TO 79C/SHR FROM 63C, EST. 63C; 06/03/2018 Packaging Corp Access Event Set By Stephens Inc. for Mar. 13-14

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company has market cap of $10.25 billion. The companyÂ’s Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging. It has a 13.41 P/E ratio. This segment also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.

Packaging Corporation of America (NYSE:PKG) Institutional Positions Chart