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Recommendations
Packaging Corp. price target raised to $144 from $138 at Truist » 08:53
01/27/23
01/27
08:53
01/27/23
08:53
PKG

Packaging Corp.

$138.58 /

+9.57 (+7.42%)

Truist analyst Michael…

Truist analyst Michael Roxland raised the firm's price target on Packaging Corp. to $144 from $138 and keeps a Buy rating on the shares. The analyst notes the company's Q4 earnings beat while noting that it has been able to benefit from a strong sales mix, allowing it to maintain margins in the face of weaker demand. The firm also cites Packaging Corp.'s focused on cost take-out and improving efficiency, which continues to result in significant cost savings.

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PKG Packaging Corp.
$138.58 /

+9.57 (+7.42%)

01/04/23 Citi
Packaging Corp. price target raised to $130 from $123 at Citi
12/15/22 BofA
Packaging Corp. downgraded at BofA in packaging, paper and forest shake-up
12/15/22 BofA
Packaging Corp. downgraded to Neutral from Buy at BofA
10/27/22 Deutsche Bank
Packaging Corp. price target lowered to $99 from $104 at Deutsche Bank
PKG Packaging Corp.
$138.58 /

+9.57 (+7.42%)

PKG Packaging Corp.
$138.58 /

+9.57 (+7.42%)

Wednesday
Earnings
Packaging Corp. sees Q4 EPS $2.23, consensus $2.39  17:18
01/25/23
01/25
17:18
01/25/23
17:18
PKG

Packaging Corp.

$129.17 /

-0.87 (-0.67%)

 
ShowHide Related Items >><<
PKG Packaging Corp.
$129.17 /

-0.87 (-0.67%)

01/04/23 Citi
Packaging Corp. price target raised to $130 from $123 at Citi
12/15/22 BofA
Packaging Corp. downgraded at BofA in packaging, paper and forest shake-up
12/15/22 BofA
Packaging Corp. downgraded to Neutral from Buy at BofA
10/27/22 Deutsche Bank
Packaging Corp. price target lowered to $99 from $104 at Deutsche Bank
PKG Packaging Corp.
$129.17 /

-0.87 (-0.67%)

PKG Packaging Corp.
$129.17 /

-0.87 (-0.67%)

Earnings
Packaging Corp. reports Q4 adjusted EPS $2.35, consensus $2.23 » 17:17
01/25/23
01/25
17:17
01/25/23
17:17
PKG

Packaging Corp.

$129.17 /

-0.87 (-0.67%)

Reports Q4 revenue…

Reports Q4 revenue $1.98M, consensus $2.04B. CEO Mark Kowlzan said, "Although demand in our Packaging segment was below our original expectations and we operated our system based on this lower demand, we were able to offset the negative impact through outstanding cost management and process optimization efforts at our mills and corrugated products plants. However, overall, our cost base continued to experience significant inflation compared to last year...Also, during the quarter we re-purchased over 3 million shares of our stock at an average price of $126.70 per share...Prices will move lower as a result of the recent decreases in the published domestic containerboard prices, and we are assuming lower export prices as well. Paper prices should move slightly higher with sales volume fairly flat. Labor costs and certain indirect costs will increase as some containerboard mill operations were temporarily idled during Q4. In addition, we anticipate higher labor and benefits costs and other timing-related expenses that occur at the beginning of a new year as well as higher prices for many chemicals, particularly starch and caustic soda...Lastly, we expect higher interest and non-operating pension expenses and a higher tax rate, but we will see some benefit from our recent share repurchases. Considering these items, we expect Q1 earnings of $2.23 per share."

ShowHide Related Items >><<
PKG Packaging Corp.
$129.17 /

-0.87 (-0.67%)

01/04/23 Citi
Packaging Corp. price target raised to $130 from $123 at Citi
12/15/22 BofA
Packaging Corp. downgraded at BofA in packaging, paper and forest shake-up
12/15/22 BofA
Packaging Corp. downgraded to Neutral from Buy at BofA
10/27/22 Deutsche Bank
Packaging Corp. price target lowered to $99 from $104 at Deutsche Bank
PKG Packaging Corp.
$129.17 /

-0.87 (-0.67%)

PKG Packaging Corp.
$129.17 /

-0.87 (-0.67%)

Tuesday
Hot Stocks
International Paper to sell ownership in Ilim joint venture for $484M » 16:07
01/24/23
01/24
16:07
01/24/23
16:07
IP

International Paper

$36.83 /

-0.64 (-1.71%)

International Paper…

International Paper announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture, to its JV partners for $484M equity value. The sale is subject to regulatory approvals in Russia. This transaction indicates ~$3.5B in total enterprise value for Ilim based on a ~3.1X EBITDA multiple on 2022 full-year results. The company also received an indication of interest from its JV partners to purchase all of the company's shares (constituting a 2.39% stake) in JSC Ilim Group for $24M on terms and conditions to be agreed. The company intends to pursue an agreement to sell the JSC Ilim Group shares, and to divest other non-material residual interests associated with Ilim, to its JV partners.

ShowHide Related Items >><<
IP International Paper
$36.83 /

-0.64 (-1.71%)

01/04/23 Citi
International Paper price target raised to $36 from $34 at Citi
10/28/22 BMO Capital
International Paper price target lowered to $50 from $60 at BMO Capital
10/18/22 Deutsche Bank
International Paper, Packaging Corp. downgraded to Sell at Deutsche Bank
10/18/22 Deutsche Bank
International Paper downgraded to Sell from Hold at Deutsche Bank
IP International Paper
$36.83 /

-0.64 (-1.71%)

IP International Paper
$36.83 /

-0.64 (-1.71%)

IP International Paper
$36.83 /

-0.64 (-1.71%)

Over a week ago
Options
International Paper put volume heavy and directionally bearish » 15:35
01/17/23
01/17
15:35
01/17/23
15:35
IP

International Paper

$37.64 /

-0.6 (-1.57%)

Bearish flow noted in…

Bearish flow noted in International Paper with 2,702 puts trading, or 1.1x expected. Most active are Jan-24 35 puts and Jan-24 32.5 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 2.30, while ATM IV is up over 1 point on the day. Earnings are expected on January 31st.

ShowHide Related Items >><<
IP International Paper
$37.64 /

-0.6 (-1.57%)

01/04/23 Citi
International Paper price target raised to $36 from $34 at Citi
10/28/22 BMO Capital
International Paper price target lowered to $50 from $60 at BMO Capital
10/18/22 Deutsche Bank
International Paper, Packaging Corp. downgraded to Sell at Deutsche Bank
10/18/22 Deutsche Bank
International Paper downgraded to Sell from Hold at Deutsche Bank
IP International Paper
$37.64 /

-0.6 (-1.57%)

IP International Paper
$37.64 /

-0.6 (-1.57%)

IP International Paper
$37.64 /

-0.6 (-1.57%)

Recommendations
Packaging Corp. price target raised to $130 from $123 at Citi » 06:53
01/04/23
01/04
06:53
01/04/23
06:53
PKG

Packaging Corp.

$129.08 /

+1.18 (+0.92%)

Citi analyst Anthony…

Citi analyst Anthony Pettinari raised the firm's price target on Packaging Corp. to $130 from $123 and keeps a Neutral rating on the shares. Demand expectations for North America paper and packaging "have become more realistic, and inventories are largely right-sized starting out the year," Pettinari tells investors in a research note. The analyst sees a stock pickers market continuing in 2023, with select names seeing margin expansion as price/cost catches up. Packaging multiples are well off their lows relative to the S&P, but remain at a discount to pre-pandemic levels, writes Pettinari.

ShowHide Related Items >><<
PKG Packaging Corp.
$129.08 /

+1.18 (+0.92%)

12/15/22 BofA
Packaging Corp. downgraded at BofA in packaging, paper and forest shake-up
12/15/22 BofA
Packaging Corp. downgraded to Neutral from Buy at BofA
10/27/22 Deutsche Bank
Packaging Corp. price target lowered to $99 from $104 at Deutsche Bank
10/26/22 BMO Capital
Packaging Corp. price target lowered to $130 from $155 at BMO Capital
PKG Packaging Corp.
$129.08 /

+1.18 (+0.92%)

PKG Packaging Corp.
$129.08 /

+1.18 (+0.92%)

Recommendations
International Paper price target raised to $36 from $34 at Citi » 06:53
01/04/23
01/04
06:53
01/04/23
06:53
IP

International Paper

$35.41 /

+0.78 (+2.25%)

Citi analyst Anthony…

Citi analyst Anthony Pettinari raised the firm's price target on International Paper to $36 from $34 and keeps a Neutral rating on the shares. Demand expectations for North America paper and packaging "have become more realistic, and inventories are largely right-sized starting out the year," Pettinari tells investors in a research note. The analyst sees a stock pickers market continuing in 2023, with select names seeing margin expansion as price/cost catches up. Packaging multiples are well off their lows relative to the S&P, but remain at a discount to pre-pandemic levels, writes Pettinari.

ShowHide Related Items >><<
IP International Paper
$35.41 /

+0.78 (+2.25%)

10/28/22 BMO Capital
International Paper price target lowered to $50 from $60 at BMO Capital
10/18/22 Deutsche Bank
International Paper, Packaging Corp. downgraded to Sell at Deutsche Bank
10/18/22 Deutsche Bank
International Paper downgraded to Sell from Hold at Deutsche Bank
10/13/22 BofA
International Paper price target lowered to $37 from $46 at BofA
IP International Paper
$35.41 /

+0.78 (+2.25%)

IP International Paper
$35.41 /

+0.78 (+2.25%)

IP International Paper
$35.41 /

+0.78 (+2.25%)

Over a month ago
Downgrade
Packaging Corp. downgraded at BofA in packaging, paper and forest shake-up » 06:40
12/15/22
12/15
06:40
12/15/22
06:40
PKG

Packaging Corp.

$135.39 /

-1.195 (-0.87%)

BofA analyst George…

BofA analyst George Staphos downgraded Packaging Corp. to Neutral from Buy with a price target of $139, down from $146, as he reset his positioning in packaging, paper and forest products ahead of 2023. For Packaging, he cited the stock's proximity to his price target as well as supply/demand challenges he sees in the containerboard and uncoated free sheet areas.

ShowHide Related Items >><<
PKG Packaging Corp.
$135.39 /

-1.195 (-0.87%)

12/15/22 BofA
Packaging Corp. downgraded to Neutral from Buy at BofA
10/27/22 Deutsche Bank
Packaging Corp. price target lowered to $99 from $104 at Deutsche Bank
10/26/22 BMO Capital
Packaging Corp. price target lowered to $130 from $155 at BMO Capital
10/18/22 Deutsche Bank
International Paper, Packaging Corp. downgraded to Sell at Deutsche Bank
PKG Packaging Corp.
$135.39 /

-1.195 (-0.87%)

PKG Packaging Corp.
$135.39 /

-1.195 (-0.87%)

Downgrade
Packaging Corp. downgraded to Neutral from Buy at BofA » 06:10
12/15/22
12/15
06:10
12/15/22
06:10
PKG

Packaging Corp.

$135.39 /

-1.195 (-0.87%)

BofA analyst George…

BofA analyst George Staphos downgraded Packaging Corp. to Neutral from Buy.

ShowHide Related Items >><<
PKG Packaging Corp.
$135.39 /

-1.195 (-0.87%)

10/27/22 Deutsche Bank
Packaging Corp. price target lowered to $99 from $104 at Deutsche Bank
10/26/22 BMO Capital
Packaging Corp. price target lowered to $130 from $155 at BMO Capital
10/18/22 Deutsche Bank
International Paper, Packaging Corp. downgraded to Sell at Deutsche Bank
10/18/22 Deutsche Bank
Packaging Corp. downgraded to Sell from Hold at Deutsche Bank
PKG Packaging Corp.
$135.39 /

-1.195 (-0.87%)

PKG Packaging Corp.
$135.39 /

-1.195 (-0.87%)

Options
Unusually active option classes on open December 1st » 09:40
12/01/22
12/01
09:40
12/01/22
09:40
IP

International Paper

$37.11 /

+ (+0.00%)

, CHPT

ChargePoint

$12.40 /

+ (+0.00%)

, BITO

ProShares Bitcoin Strategy ETF

$10.69 /

+0.01 (+0.09%)

, FIS

FIS

$72.57 /

+ (+0.00%)

, DG

Dollar General

$255.62 /

+0.135 (+0.05%)

, KR

Kroger

$49.20 /

-0.015 (-0.03%)

, BX

Blackstone

$91.52 /

+0.07 (+0.08%)

, MULN

Mullen Automotive

/

+

, COST

Costco

$539.05 /

+0.245 (+0.05%)

, KHC

Kraft Heinz

$39.37 /

+ (+0.00%)

Unusual total active…

Unusual total active option classes on open include: International Paper (IP), ChargePoint Holdings (CHPT), Proshares Bitcoin ETF (BITO), Fidelity National Information Services (FIS), Dollar General (DG), Kroger (KR), Blackstone (BX), Mullen Automotive (MULN), Costco (COST), and Kraft Heinz (KHC).

ShowHide Related Items >><<
MULN Mullen Automotive
/

+

KR Kroger
$49.20 /

-0.015 (-0.03%)

KHC Kraft Heinz
$39.37 /

+ (+0.00%)

FIS FIS
$72.57 /

+ (+0.00%)

DG Dollar General
$255.62 /

+0.135 (+0.05%)

COST Costco
$539.05 /

+0.245 (+0.05%)

CHPT ChargePoint
$12.40 /

+ (+0.00%)

BX Blackstone
$91.52 /

+0.07 (+0.08%)

BITO ProShares Bitcoin Strategy ETF
$10.69 /

+0.01 (+0.09%)

IP International Paper
$37.11 /

+ (+0.00%)

10/28/22 BMO Capital
International Paper price target lowered to $50 from $60 at BMO Capital
10/18/22 Deutsche Bank
International Paper, Packaging Corp. downgraded to Sell at Deutsche Bank
10/18/22 Deutsche Bank
International Paper downgraded to Sell from Hold at Deutsche Bank
10/13/22 BofA
International Paper price target lowered to $37 from $46 at BofA
CHPT ChargePoint
$12.40 /

+ (+0.00%)

11/29/22 Citi
ChargePoint price target lowered to $14 from $15.50 at Citi
11/07/22 B. Riley
ChargePoint price target lowered to $18 from $20 at B. Riley
09/07/22 Credit Suisse
ChargePoint initiated with an Outperform at Credit Suisse
08/31/22 Oppenheimer
ChargePoint results strong despite supply headwinds, says Oppenheimer
BITO ProShares Bitcoin Strategy ETF
$10.69 /

+0.01 (+0.09%)

FIS FIS
$72.57 /

+ (+0.00%)

11/29/22 Bernstein
Bernstein sees FIS as 'good candidate' for potential activist involvement
11/25/22 Mizuho
FIS price target lowered to $90 from $105 at Mizuho
11/06/22 Barclays
FIS price target lowered to $90 from $110 at Barclays
11/04/22 Truist
FIS price target lowered to $70 from $80 at Truist
DG Dollar General
$255.62 /

+0.135 (+0.05%)

11/29/22 Deutsche Bank
Dollar General price target raised to $293 from $265 at Deutsche Bank
11/28/22 Oppenheimer
Dollar General price target raised to $285 from $275 at Oppenheimer
11/16/22 Evercore ISI
Walmart price target raised to $140 from $135 at Evercore ISI
11/07/22 Morgan Stanley
Amazon outlook 'a warning shot for discretionary retailers,' says Morgan Stanley
KR Kroger
$49.20 /

-0.015 (-0.03%)

11/29/22 Deutsche Bank
Kroger price target raised to $56 from $54 at Deutsche Bank
11/09/22 Evercore ISI
Kroger upgraded to Outperform from In Line at Evercore ISI
10/21/22 BMO Capital
Albertsons upgraded to Market Perform from Underperform at BMO Capital
BX Blackstone
$91.52 /

+0.07 (+0.08%)

11/30/22 Morgan Stanley
Blackstone added to 'Financials' Finest list' at Morgan Stanley
11/22/22 BMO Capital
Blackstone price target lowered to $109 from $115 at BMO Capital
11/22/22 Credit Suisse
Blackstone downgraded to Underperform from Neutral at Credit Suisse
11/15/22 Deutsche Bank
Blackstone price target raised to $128 from $127 at Deutsche Bank
MULN Mullen Automotive
/

+

COST Costco
$539.05 /

+0.245 (+0.05%)

12/01/22 Truist
Costco price target lowered to $557 from $559 at Truist
12/01/22 BofA
Costco price target lowered to $600 from $605 at BofA
12/01/22 Oppenheimer
Oppenheimer removes Costco 'top pick status' on weakened comps
11/29/22 Deutsche Bank
Costco price target lowered to $578 from $581 at Deutsche Bank
KHC Kraft Heinz
$39.37 /

+ (+0.00%)

11/15/22 Exane BNP Paribas
Kraft Heinz initiated with a Neutral at Exane BNP Paribas
10/14/22 Morgan Stanley
Kraft Heinz price target lowered to $37 from $41 at Morgan Stanley
10/09/22 Goldman Sachs
Kraft Heinz upgraded to Buy from Neutral at Goldman Sachs
09/29/22 UBS
Kraft Heinz upgraded to Neutral from Sell at UBS
KR Kroger
$49.20 /

-0.015 (-0.03%)

KHC Kraft Heinz
$39.37 /

+ (+0.00%)

IP International Paper
$37.11 /

+ (+0.00%)

FIS FIS
$72.57 /

+ (+0.00%)

DG Dollar General
$255.62 /

+0.135 (+0.05%)

COST Costco
$539.05 /

+0.245 (+0.05%)

CHPT ChargePoint
$12.40 /

+ (+0.00%)

BX Blackstone
$91.52 /

+0.07 (+0.08%)

  • 08
    Dec
KR Kroger
$49.20 /

-0.015 (-0.03%)

KHC Kraft Heinz
$39.37 /

+ (+0.00%)

FIS FIS
$72.57 /

+ (+0.00%)

DG Dollar General
$255.62 /

+0.135 (+0.05%)

CHPT ChargePoint
$12.40 /

+ (+0.00%)

BX Blackstone
$91.52 /

+0.07 (+0.08%)

MULN Mullen Automotive
/

+

KR Kroger
$49.20 /

-0.015 (-0.03%)

KHC Kraft Heinz
$39.37 /

+ (+0.00%)

IP International Paper
$37.11 /

+ (+0.00%)

FIS FIS
$72.57 /

+ (+0.00%)

DG Dollar General
$255.62 /

+0.135 (+0.05%)

COST Costco
$539.05 /

+0.245 (+0.05%)

CHPT ChargePoint
$12.40 /

+ (+0.00%)

BX Blackstone
$91.52 /

+0.07 (+0.08%)

MULN Mullen Automotive
/

+

KR Kroger
$49.20 /

-0.015 (-0.03%)

KHC Kraft Heinz
$39.37 /

+ (+0.00%)

IP International Paper
$37.11 /

+ (+0.00%)

FIS FIS
$72.57 /

+ (+0.00%)

DG Dollar General
$255.62 /

+0.135 (+0.05%)

COST Costco
$539.05 /

+0.245 (+0.05%)

CHPT ChargePoint
$12.40 /

+ (+0.00%)

BX Blackstone
$91.52 /

+0.07 (+0.08%)

BITO ProShares Bitcoin Strategy ETF
$10.69 /

+0.01 (+0.09%)

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