AllAnalyst Report
logoArgusOctober 30, 2020

Packaging Corporation of America: Raising target price to $130

Symbols
PKG
Sector(s)
Consumer Cyclical
Rating
Premium
Current Price
$132.77
Price Target
$NaN
Earnings Estimate
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Summary

Packaging Corp. of America is a manufacturer of containerboard and corrugated products. It is one of the largest producers of containerboard products and the third-largest producer of uncoated freesheet paper in the North America. The company produces various corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods. PKG also produces multicolor boxes and displays for packaged retail products and meat boxes and wax-coated boxes for agricultural suppliers. Packaging Corp. of America was founded in 1867, and operates eight containerboard mills and 94 corrugated products plants and related facilities. The company has 15,500 employees.

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Analyst Profile

David E. Coleman

Securities Analyst and Quantitative Portfolio Strategist
At Argus Research, David covers various Airline, Tobacco and Materials companies and is also a quantitative portfolio strategist. He received his undergraduate degree from Edinboro University of Pennsylvania, graduating magna cum laude with a Bachelor of Science degree in Biology and a minor in Psychology. Prior to joining Argus, David worked in a variety of industries, ranging from industrial engineering to commercial fishing. David is the great-grandson of Harold B. Dorsey, who founded Argus in 1934. He started his career at Argus in the Economics department.