Packaging Corporation of Americ with ticker code (PKG) now have 11 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 175 and 115 and has a mean target at 147.36. Given that the stocks previous close was at 135.38 this now indicates there is a potential upside of 8.8%. The 50 day moving average now sits at 138.19 and the 200 day moving average is 142.52. The company has a market cap of $12,767m. Company Website: 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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