november 10th, 2014 0 comments filed under by lindsey winhoffer packaging corp of america nysepkg has earned a &ldquobbb&rdquo credit rating from analysts at morningstar. the firm&rsquos &ldquobbb&rdquo rating indicates that the company is a moderate default risk. they also gave their stock a three star rating.several other analysts have also recently commented on the stock. analysts at citigroup inc. reiterated a &ldquobuy&rdquo rating on shares of packaging corp of america in a research note on tuesday, october 28th. they now have a 80.00 price target on the stock, up previously from 71.00. separately, analysts at deutsche bank raised their price target on shares of packaging corp of america from 67.00 to 73.00 in a research note on wednesday, october 22nd. they now have a &ldquohold&rdquo rating on the stock. finally, analysts at dundee securities initiated coverage on shares of packaging corp of america in a research note on monday, october 20th. they set a &ldquobuy&rdquo rating and a 75.00 price target on the stock. two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. the stock presently has a consensus rating of &ldquobuy&rdquo and an average price target of 73.75.shares of packaging corp of america nysepkg opened at 72.90 on monday. packaging corp of america has a one year low of 57.06 and a one year high of 75.10. the stock&rsquos 50day moving average is 65.87 and its 200day moving average is 67.50. the company has a market cap of 7.083 billion and a pricetoearnings ratio of 13.74.packaging corp of america nysepkg last posted its quarterly earnings results on monday, october 20th. the company reported 1.26 eps for the quarter, meeting the thomson reuters consensus estimate of 1.26. the company had revenue of 1.52 billion for the quarter, compared to the consensus estimate of 1.50 billion. during the same quarter in the prior year, the company posted 0.91 earnings per share. the company&rsquos quarterly revenue was up 79.7 on a yearoveryear basis. analysts expect that packaging corp of america will post 4.66 eps for the current fiscal year.packaging corporation of america is a producer of containerboard in the united states. the company&rsquos corrugated products manufacturing plants produce a variety of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multicolor boxes and displays.to view more credit ratings from morningstar, visit www.jdoqocy.comclick767490910651170.receive news & ratings for packaging corp of america daily enter your email address below to receive a concise daily summary of the latest news and analysts&39 ratings for packaging corp of america and related companies with analyst ratings network&39s free daily email newsletter.source httpwww.watchlistnews.commorningstarassignsbbbcreditratingtopackagingcorpof…
