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PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:30
04/24/19
04/24
17:30
04/24/19
17:30

Packaging Corp reports Q1 adjusted EBITDA $370.6M vs. $321.8M last year

  • 25

    Apr

  • 07

    May

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    Nov

PKG Packaging Corp.
$98.86

0.33 (0.33%)

01/09/19
WELS
01/09/19
DOWNGRADE
Target $93
WELS
Market Perform
Packaging Corp. downgraded to Market Perform at Wells Fargo
As previously reported, Wells Fargo analyst Gabe Hajde downgraded Packaging Corp. to Market Perform from Outperform and lowered his price target on the shares to $93 from $110. The analyst notes that the domestic containerboard prices have yet to fracture, though a downshift in demand could provide the necessary ingredient for weakness to emerge. Evading a drop in containerboard pricing will prove to be a difficult undertaking for the domestic containerboard industry in 2019, he adds. Hajde believes demand growth could stay in the 1.0%-2.0% range in 2019 and beyond as global economic activity downshifts and the e-commerce channel continues to emphasize "right-sized" packaging. Lastly, the potential for China to alter its hardline on recovered paper imports would limit any upside potential in export containerboard markets, he contends.
01/17/19
DBAB
01/17/19
NO CHANGE
DBAB
Deutsche Bank cuts price targets in containerboard space
In addition to lingering concern over the impact of new supply, investors are now even more cautious on the containerboard stocks due to industry data showing growth moderating and persistently elevated inventories, Deutsche Bank analyst Debbie Jones tells investors in a research note titled "Thinking about downside risk to containerboard stocks." Trade publication Pulp and Paper Week also highlighted some domestic discounting and declining export prices while quoting bearish commentary from industry contacts and analysts regarding market conditions, adds the analyst. She lowered her price target for Hold-rated International Paper (IP) to $46 from $55, for Buy-rated WestRock (WRK) to $51 from $58 and for Hold-rated Packaging Corp. of America to $100 from $120.
04/16/19
BOFA
04/16/19
DOWNGRADE
BOFA
Neutral
Packaging Corp. downgraded to Neutral from Buy at BofA/Merrill
04/16/19
BOFA
04/16/19
DOWNGRADE
BOFA
Neutral
International Paper, Packaging Corp. downgraded to Neutral at BofA/Merrill
As previously reported, BofA Merrill Lynch analyst George Staphos downgraded International Paper (IP) and Packaging Corp. (PKG), each to Neutral from Buy, following "disappointing" March containerboard industry data points reported today. Box shipments were down a "surprising" 3.0% year-over-year and inventories declined 47,000 tons, said Staphos, who believes the industry needs to drop inventories 400-500K tons between February and June to get back into balance. The analyst, who now anticipates an increased likelihood of another price cut during Q2, lowered his price target on International Paper shares to $50 from $53, cut his price target on Packaging Corp. to $107 from $112 and lowered his price target on WestRock (WRK) to $41 from $43.

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MOS

Mosaic

$24.23

0.8 (3.41%)

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CLXT

Calyxt

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-0.13 (-1.04%)

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JPM

JPMorgan

$108.71

0.05 (0.05%)

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Bank of America

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-0.31 (-1.11%)

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JPMorgan

$108.71

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Bank of America

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MMTOF

Mitsubishi Motors

$0.00

(0.00%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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NYSE market internals summary »

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STM

STMicroelectronics

$16.87

-0.155 (-0.91%)

12:15
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STMicroelectronics put volume heavy and directionally bearish »

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UMC

UMC

$2.18

0.03 (1.40%)

12:14
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Upgrade
UMC rating change  »

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  • 24

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FX Action: USD-JPY »

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AGN

Allergan

$164.20

34.55 (26.65%)

, ABBV

AbbVie

$66.78

-11.63 (-14.83%)

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AGN

Allergan

$164.20

34.55 (26.65%)

ABBV

AbbVie

$66.78

-11.63 (-14.83%)

TMUS

T-Mobile

$74.93

-0.61 (-0.81%)

S

Sprint

$6.86

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DISH

Dish

$37.93

-0.66 (-1.71%)

LEN

Lennar

$48.75

-2.66 (-5.17%)

PYX

Pyxus

$16.70

3.28 (24.44%)

GRUB

GrubHub

$75.31

3.26 (4.52%)

ALDX

Aldeyra

$5.85

-1.23 (-17.37%)

BHF

Brighthouse Financial

$32.74

-5.36 (-14.07%)

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DLTR

Dollar Tree

$109.86

-2.86 (-2.54%)

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Dollar Tree director Thomas Saunders sells over $1.6M in company shares »

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SSRM

SSR Mining

$13.72

-0.2 (-1.44%)

12:05
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SSR Mining call volume above normal and directionally bullish »

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ALDX

Aldeyra

$5.85

-1.23 (-17.37%)

12:02
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Aldeyra analyst commentary at Stifel »

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  • 25

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UNH

UnitedHealth

$249.06

-0.59 (-0.24%)

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UnitedHealth buys PatientsLikeMe after scrutiny over Chinese investor, CNBC says »

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  • 18

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RGS

Regis

$16.62

-1.15 (-6.47%)

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EQT

EQT Corporation

$14.36

-1.02 (-6.63%)

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  • 10

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ABBV

AbbVie

$66.64

-11.77 (-15.01%)

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  • 25

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USNA

Usana

$78.92

6.515 (9.00%)

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PYX

Pyxus

$16.40

2.98 (22.21%)

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AGN

Allergan

$163.99

34.34 (26.49%)

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ACST

Acasti Pharma

$1.03

0.02 (1.98%)

, AMRN

Amarin

$18.55

0.12 (0.65%)

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ACST

Acasti Pharma

$1.03

0.02 (1.98%)

AMRN

Amarin

$18.55

0.12 (0.65%)

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  • 26

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AMAT

Applied Materials

$42.33

(0.00%)

11:55
06/25/19
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Options
Applied Materials put volume heavy and directionally bearish »

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  • 09

    Jul

ACER

Acer Therapeutics

$4.34

-14.83 (-77.36%)

11:52
06/25/19
06/25
11:52
06/25/19
11:52
Downgrade
Acer Therapeutics rating change at Raymond James »

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