packaging corp of america nysepkg has earned a &ldquobbb&rdquo credit rating from morningstar. the research firm&rsquos &ldquobbb&rdquo rating indicates that the company is a moderate default risk. they also gave their stock a three star rating.a number of other analysts have also recently weighed in on pkg. analysts at bank of america cut their price target on shares of packaging corp of america from 84.00 to 82.00 in a research note on tuesday, december 9th. they now have a &ldquobuy&rdquo rating on the stock. separately, analysts at da davidson downgraded shares of packaging corp of america from a &ldquobuy&rdquo rating to a &ldquoneutral&rdquo rating in a research note on tuesday, december 9th. they now have a 83.00 price target on the stock. they noted that the move was a valuation call. finally, 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. three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. the company currently has an average rating of &ldquobuy&rdquo and an average target price of 76.38.packaging corp of america nysepkg opened at 79.45 on friday. packaging corp of america has a 52 week low of 57.06 and a 52 week high of 79.74. the stock has a 50day moving average of 74.65 and a 200day moving average of 69.13. the company has a market cap of 7.720 billion and a pricetoearnings ratio of 15.04.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.the company also recently declared a quarterly dividend, which is scheduled for thursday, january 15th. investors of record on friday, december 19th will be given a dividend of 0.40 per share. this represents a 1.60 dividend on an annualized basis and a yield of 2.01. the exdividend date of this dividend is wednesday, december 17th.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. 
