Zacks Industry Rank Analysis Highlights: Amazon, Packaging Corp. of America
and Sealed Air
CHICAGO, Dec. 20, 2013
CHICAGO, Dec. 20, 2013 /PRNewswire/ --Stocks featured in this week's Zacks
Industry Rank analysis include Amazon (Nasdaq:AMZN-Free Report), Packaging
Corp. of America (NYSE:PKG-Free Report) and Sealed Air Corp. (NYSE:SEE-Free
Zacks Industry Rank Analysis is written by John Blank, PhD, Chief Equity
Gift Boxes: Profits in the Packaging Industry
'Tis the season of shipping, shopping and sharing (and using the term
"'tis"). Of course, each of these activities usually requires an item be
carefully wrapped, perhaps with some additional festive flair, which is a
fitting introduction to an industry which has been "present"-ing quite a few
Nine companies make up the Containers – Paper/Plastic sector of the Zacks
Industry Rank, gaining 8 positions in the last week. The industry now holds a
rank of #28 out of 260 ranked industries.
With 9 positive earnings revisions and only 2 negative, every company in this
sector, save one, has had their Zacks Rank revised upward. Averaging positive
Earnings per Share (EPS) surprises of +33%, it's apparent that things are
looking merry, even if the Christmas tree is destined to be a corrugated box.
With online shopping/shipping taking over retail sales, demand has been
strong. Add to this viral images like Amazon's (Nasdaq:AMZN-Free Report)
package-delivering helicopter drones, and the future of the packaging industry
seems "air apparent."
Below are two companies which have moved into the prime position of a Zacks
Rank #1 (Strong Buy) from a "Buy" rating. With projected prices still sitting
comfortably above current market value, there may still be time to ride an
exceptional year a bit longer. EPS surprises are expected to continue, and
factoring in individual performance while analyzing and industry's strength is
beneficial in determining your investment strategy.
It's well understood that young children and pets often prefer the packaging
to the actual present. Maybe they're onto something.
Packaging Corp. of America (NYSE:PKG-Free Report)
PKG was upgraded to a Zacks Rank #1 (Strong Buy) last week from #2 (Buy).
Packaging Corp. of America is one of the largest producers of containerboard
in the United States and also one of the largest manufacturers of corrugated
packaging products. The company produces corrugated containers as well as the
containerboard used to manufacture corrugated containers.
PKG pays a dividend of 2.57% and its last earnings surprise was 2.25% with
expected EPS growth of 15.24%. It reports its next earnings on January 28,
Sealed Air Corp. (NYSE:SEE-Free Report)
SEE is a Zacks Rank #1 (Strong Buy). It moved up from a Zacks Rank #2 (Buy)
last week. This company reports quarterly earnings on February 18, 2014.
Sealed Air Corporation is a global leader in performance solutions for food,
protective and specialty packaging. They offer a broad range of differentiated
products to a diverse set of markets. Their portfolio consists of widely
recognized brands, including Cryovac® brand food packaging solutions, Bubble
Wrap® brand cushioning and Diversey™ cleaning and hygiene solutions
SEE pays a dividend of 1.63% and its last earnings surprise was 14.71%.
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