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Bank of America Securities Reaffirms Their Buy Rating on Packaging (PKG)

Tipranks - Tipranks - Tue Jan 6, 7:12AM CST

In a report released today, George Staphos from Bank of America Securities maintained a Buy rating on Packaging, with a price target of $238.00.

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According to TipRanks, Staphos is a 4-star analyst with an average return of 4.1% and a 51.44% success rate. Staphos covers the Consumer Cyclical sector, focusing on stocks such as Packaging, Graphic Packaging, and International Paper Co.

Currently, the analyst consensus on Packaging is a Moderate Buy with an average price target of $239.57.

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Based on Packaging’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.31 billion and a net profit of $226.9 million. In comparison, last year the company earned a revenue of $2.18 billion and had a net profit of $238.1 million

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