Packaging Corporation of America (PKG)
Materials2 articles
Price chart
Why is PKG moving today?
+1.5%PKG is +1.5% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 2 days ago
Packaging Corporation of America (PKG) overview
Packaging Corporation of America makes containerboard and corrugated packaging.
PKG is a member of the S&P 500. It sits in the Materials sector. That sector covers chemical, metal, mining and packaging companies that supply raw inputs.
Packaging Corporation of America trades on the NYSE under the ticker symbol PKG. The most recent market data puts the share price at about $236.00. That is up 1.47% on the session. At that price the company is worth roughly $21.03B.
Over the past 52 weeks, PKG has traded between $191.50 and $259.98. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 30.7. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. PKG also pays a dividend. It yields around 2.54% at the current price.
Key statistics
Source: Yahoo Finance - quote as of 2 days ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch PKG
PKG is one of the larger names in the Materials sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each PKG story as it breaks, and tags it bullish, bearish or neutral.
What moves PKG
- Earnings. PKG reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from PKG.
- Sector news. Materials stocks often move together, so a rival's news can move PKG too.
Market Mood
Latest PKG news
Packaging Corp. of America to Close Middletown Plant, Lay Off 91
Packaging Corp. of America plans to permanently close its Middletown packaging plant, resulting in the layoffs of 91 employees. This decision comes as part of the company's broader operational adjustments. The closure will affect workers at the suburban plant and is expected to be a significant event in the areas impacted by the shutdown. The company did not provide detailed reasons for the closure in the reported articles. The plant closure adds to the ongoing trend of job reductions in various sectors, as companies restructure their operations to enhance efficiency or respond to market changes. Packaging Corp. of America is a Fortune 500 company, which highlights the scale and impact of this decision. The layoffs will likely affect the local economy, with nearly 100 employees losing their jobs. For investors, the closure of the plant might indicate broader strategic shifts within Packaging Corp. of America (PKG). Understanding such operational decisions can provide insights into the company's financial health and future direction.
Read More: Packaging Corp. of America to Close Middletown Plant, Lay Off 91
Packaging Corp (PKG) Upgraded to BBB+ Rating on Low Leverage
S&P has upgraded Packaging Corporation of America's (PKG) credit rating to BBB+ due to its low leverage. This change is significant as it reflects the company's strong financial position, indicating a lower risk for investors. The upgrade suggests a positive trajectory for Packaging Corp., making it more attractive in the capital markets. For investors, a higher credit rating may lead to reduced borrowing costs and improved access to financing, directly impacting revenue and growth potential.
Read More: Packaging Corp (PKG) Upgraded to BBB+ Rating on Low LeverageMore Materials stocks
Frequently asked questions
Is Packaging Corporation of America in the S&P 500?
Yes. Packaging Corporation of America trades as PKG and is a member of the S&P 500. The index lists it in the Materials sector.
What sector is PKG in?
PKG sits in the Materials sector of the S&P 500.
Where can I find the latest PKG news?
Right here. This page collects recent PKG news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Packaging Corporation of America's stock price?
PKG last traded at about $236.00. Prices move all through the session, so this is the latest quote rather than a live one.
What is Packaging Corporation of America's market cap?
PKG is worth roughly $21.03B. Market cap is the share price times the number of shares outstanding.
What is PKG's P/E ratio?
PKG trades at a trailing P/E ratio of about 30.7. The ratio compares the share price with earnings per share over the past year.