Packaging Corporation of America (NYSE:PKG) : 12 analysts are covering Packaging Corporation of America (NYSE:PKG) and their average rating on the stock is 1.67, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Packaging Corporation of America (NYSE:PKG) : Currently there are 9 street experts covering Packaging Corporation of America (NYSE:PKG) stock. The most bullish and bearish price target for the stock is $76 and $65 respectively for the short term. The average price target of all the analysts comes to $72.33. The estimated standard deviation from the target is $3.43.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Argus Research upgrades its ratings on Packaging Corporation of America (NYSE:PKG). In the latest research report, Argus Research raises the target price to $73 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on April 25, 2016.
Packaging Corporation of America (NYSE:PKG): stock turned positive on Tuesday. Though the stock opened at $63.38, the bulls momentum made the stock top out at $64.04 level for the day. The stock recorded a low of $62.41 and closed the trading day at $63.67, in the green by 1.24%. The total traded volume for the day was 2,194,083. The stock had closed at $62.89 in the previous days trading.
In an insider trading activity, Carter Charles J., officer (SVP-Containerboard) of Packaging Corp Of America, unloaded 6,463 shares at an average price of $65.63 on April 22, 2016. The total amount of the transaction was worth $424,167, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Packaging Corporation of America (PCA) is a producer of containerboard and white papers. The Company operates eight mills and 99 corrugated products manufacturing plants. The Companys operations are primarily in the United States and it has converting operations in Europe, Mexico, and Canada. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Companys corrugated products manufacturing plants produce a variety of corrugated packaging products, including shipping containers used to protect and transport manufactured goods, multi-color boxes, and displays. It manufactures its Packaging products at five containerboard mills, one containerboard machine, corrugated manufacturing operations, and protective packaging operations. Its Paper segment manufactures and sells white papers. Its Corporate and Other segment includes corporate support staff services and related assets and liabilities, and foreign exchange gains and losses.