Packaging Corporation of Americ with ticker code (PKG) have now 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 190 and 154 with a mean TP of 167.4. Given that the stocks previous close was at 159.62 this now indicates there is a potential upside of 4.9%. The day 50 moving average is 158.24 and the 200 moving average now moves to 145.41. The company has a market capitalisation of $14,632m. Company Website: https://www.packagingcorp.com
The potential market cap would be $15,346m based on the market concensus.
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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 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.