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Stock Market & Financial Investment News

News Breaks
December 11, 2013
08:31 EDTPKGPackaging Corp. price target raised to $67 from $62 at BMO Capital
BMO Capital increased its price target on Packaging Corp. to reflect higher than expected synergies from the company's acquisition of Boise. However, the firm thinks that Packaging Corp. is expensive and keeps a Market Perform rating on the shares.
News For PKG From The Last 14 Days
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April 22, 2014
17:07 EDTPKGPackaging Corp. sees Q2 EPS about $1.10, consensus $1.14
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17:05 EDTPKGPackaging Corp. reports Q1 EPS ex-items $1.08, consensus $1.00
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April 16, 2014
16:21 EDTPKGPackaging Corp. to pay $17.6M to settle class action suit
Packaging Corporation of America announced that it has reached an agreement to settle a civil, class action lawsuit filed against the company and eight other North American manufacturers of containerboard. The lawsuit, filed in 2010, is pending in the U.S. District Court for the Northern District of Illinois. Under the terms of the agreement, which must be approved by the court, the company will pay $17.6M into a settlement fund in return for a dismissal and release of all claims of the purported class. Packaging Corp. will record a reserve for the expected settlement of the agreement in its Q1 results, which will result in an after-tax charge of $11.3M, or 11c per share.

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