Skip to Content

Packaging Corp of America

PKG: XNYS (USA)
View Stock Summary
Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$881.00GnxmfKmrlwyby

Packaging Corp Earnings: Resilient End Market Demand and Moderating Destocking Offset Lower Prices

No-moat-rated Packaging Corporation of America reported strong fourth-quarter results as the company finished the year on a high note. During the quarter, the company benefited from additional improvements in end market demand and continued easing in destocking activities that had weighed heavily on volumes for much of the year. Management noted that demand improved through the quarter and has carried over into January, which is an encouraging development given the challenges experienced in 2023. As such, we've raised our fair value estimate to $121 from $114 per share due to increased near-term revenue and profitability in our forecast.

Free Trial of Morningstar Investor

Get our analysts’ objective, in-depth, and continuous investment coverage of PKG so you can make buy / sell decisions free of market noise.

Start Free Trial

Sponsor Center