Packaging Corporation of Americ found using ticker (PKG) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 166 and 114 calculating the average target price we see 144.3. Given that the stocks previous close was at 146.44 this would imply there is a potential downside of -1.5%. The 50 day moving average now sits at 148.26 and the 200 moving average now moves to 138.86. The company has a market capitalisation of $13,877m. You can visit the company’s website by visiting: http://www.packagingcorp.com
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. The Paper segment manufactures and sells commodity and specialty papers, as well as communication-based papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.
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