Packaging Co. of America (PKG) issued its quarterly earnings data on Monday. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. The company’s revenue for the quarter was up 4.4% on a year-over-year basis.

On the ratings front, analysts at JPMorgan Chase & Co. downgraded shares of Packaging Co. of America from an “overweight” rating to an “underweight” rating in a research note to investors on Thursday, January 12nd. They now have a $29.00 price target on the stock. Analysts at Jefferies Group initiated coverage on shares of Packaging Co. of America in a research note to investors on Friday, December 16th. They set a “hold” rating on the stock. Also, analysts at Credit Suisse initiated coverage on shares of Packaging Co. of America in a research note to investors on Tuesday, December 6th. They set a “neutral” rating and a $27.00 price target on the stock.

Shares of Packaging Co. of America (PKG) traded down 0.75% during mid-day trading on Monday, hitting $26.64. Packaging Co. of America (PKG) has a 52 week low of $21.05 and a 52 week high of $30.69. The stock’s 50-day moving average is $25.27 and its 200-day moving average is $25.43. The company has a market cap of $2.604 billion and a P/E ratio of 15.69.