|Bid||88.6500 x 900|
|Ask||88.6400 x 800|
|Day's Range||88.2400 - 90.1400|
|52 Week Range||86.9800 - 131.1300|
|Beta (3Y Monthly)||1.87|
|PE Ratio (TTM)||11.36|
|Earnings Date||Oct 24, 2018|
|Forward Dividend & Yield||3.16 (3.48%)|
|1y Target Est||119.91|
ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (PKG) (PT0.F) (PTNYF) is pleased to announce that they have obtained their DTC eligibility in the United States of America. ParcelPal Technology, Inc.'s common shares have been made eligible for book-entry delivery and depository services of the Depository Trust Company to facilitate electronic settlement of transfers of its common shares in the United States.
Packaging Corp. (PKG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NEW YORK, Oct. 12, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Goldman Sachs downgraded International Paper Co. stock to neutral from buy on Wednesday, and removed WestRock Co. from its Americas Conviction List. It kept a neutral rating on Packaging Corp. of America , while lowering stock price targets for all three as it expects U.S. containerboard supply growth to outpace demand growth in the period from 2020 to 2022. Analyst Brian Maguire said he had upgraded International Paper and added WestRock to the conviction last year because he expected U.S. box shipment growth could sustain higher rates of 2%+ than it has in the past because of the explosive growth on e-commerce. "While we consider this thesis still valid (box demand rose 2.4% in 2017 and 1.8%YTD), we underestimated the speed and severity of the supply response in the industry to this acceleration in demand," Maguire wrote in a note. With 12 new capacity announcements since the ugprade, he is now forecasting 11% growth in North American capacity from 2019 to 2022, up from a prior forecast of 2% a year demand growth. "We acknowledge that valuation on containerboard stocks likely already reflects these announcements following significant YTD underperformance, but we are incrementally concerned by the pace of recent new supply announcements as well as the fact that Chinese entrants are now entering the US market for the first time," said the note. "Furthermore, barring a sharper re-acceleration in demand growth, we struggle to identify positive catalysts for our broad containerboard coverage until the overhang of new capacity abates." The buy rating on WestRock reflects the expectation that its pending purchase of KapStone Paper & Packaging Corp. will act as a positive catalyst. International Paper shares were up 1.7% premarket but are down 23% in 2018. WestRock was not yet active, but has fallen 28% in 2018. Packaging Corp. was up 2% but has fallen 23% in 2018, while KapStone Paper has gained 43%. The S&P 500 has gained 8% in 2018.
China-based Nine Dragons Paper Holdings, a manufacturer of containerboard products including lineboard, announced hundreds of millions of dollars in new investments this week that include conversion projects at coated paper mills in Biron, Wisconsin and Rumford, Maine. WestRock Co (NYSE: WRK) downgraded from Outperform to Market Perform, price target lowered from $80 to $54.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...
ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (PKG) (PT0.F) (PTNYF) - has received gross proceeds of over $1,000,000 from the exercise of 7,797,646 warrants prior to their expiration date on 1/12/2020 and 10/10/2019. The company expects each additional city for expansion to add a minimal amount of capital expenditure at roughly 40-50k, this leaving the company with a large run rate for expansion and execute on all current verticals for the upcoming 12 months. The Company plans to execute on local and regional marketing campaigns focusing on a three-tiered roll-out plan that includes: brand awareness, user acquisition and user retention.
ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (PKG) (PT0.F) (PTNYF) - is pleased to announce they have signed an agreement for Cannabis distribution with Vancouver, BC based Choom Holdings, Inc, ("Choom") (CSE:C HOO) (CHOOF) Canada's leading cannabis retailer. Further to the marijuana strategy announced on September 13, 2018, ParcelPal has made their first footprint into the marijuana industry through signing an agreement with Choom Holdings Inc. (CSE:CHOO). The Company received the agreement from Choom for the establishment of distribution from various retail outlets in Canada.
Packaging Corporation of America will hold a conference call on Thursday, October 25, 2018 at 9:00 a.m. Eastern Time to discuss third quarter 2018 results. The third quarter earnings results will be released after the market closes on Wednesday, October 24, 2018.
The big shareholder groups in ParcelPal Technology Inc (CNSX:PKG) have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to haveRead More...
On the 15 October 2018, Packaging Corporation of America (NYSE:PKG) will be paying shareholders an upcoming dividend amount of US$0.79 per share. However, investors must have bought the company’s stockRead More...
The markets are going strong, and the companies that reported solid results this last earnings season are doing especially well. In the most recent quarter, the company enjoyed pricing power in packaging and paper, driving operating profits in packaging to 18.3% from 17.2% a year ago.
Packaging Corporation of America announced today that its Board approved a regular quarterly dividend of $0.79 per share on its common stock. The quarterly dividend of $0.79 per share will be paid to shareholders of record as of September 14, 2018 with a payment date of October 15, 2018.
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Historically, Packaging Corporation of America (NYSE:PKG) hasRead More...
Packaging (PKG) reported earnings 30 days ago. What's next for the company? We take a look at earnings estimates for some clues.
The S&P 500 gave up 0.71% of its value on the last day of the trading week, led lower by General Electric (NYSE:GE) and Ford Motor (NYSE:F). Ford shares slumped on reports that sales in China are dramatically slowing. It’s stock charts of D. R. Horton (NYSE:DHI), Packaging Corp of America (NYSE:PKG) and Cardinal Health (NYSE:CAH) that offer the most trading potential.
NEW YORK, Aug. 13, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Houghton ...
Packaging Corporation's (PKG) second-quarter results will be aided by strong demand in the Packaging segment along with price hikes which will help counter inflated costs.
On a per-share basis, the Lake Forest, Illinois-based company said it had net income of $1.97. Earnings, adjusted for restructuring costs, were $2.08 per share. The results topped Wall Street expectations. ...