Brokerage Firm Rating on Packaging Corporation of America (PKG)

Packaging Corporation of America (PKG) : The consensus on Packaging Corporation of America (PKG) based on 11 analyst recommendation on the company stock is 2.09, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Packaging Corporation of America (PKG) : 8 investment research analysts covering Packaging Corporation of America (PKG) have an average price target of $78 for the near short term. The highest target price given by the Brokerage Firm to the stock is $84 and the lowest target is $65 for the short term. Analysts expect the variance to be within $6.3 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Packaging Corporation of America (NYSE:PKG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.75 and $76.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.96, notching a gain of 0.83% for the day. The total traded volume was 608,342 . The stock had closed at $76.33 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Walton Thomas W.H., officer (SVP) of Packaging Corp Of America, had unloaded 9,000 shares at an average price of $73.64 in a transaction dated on July 22, 2016. The total value of the transaction was worth $662,760.

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.

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