Packaging Corporation of America (NYSE:PKG) Analyst Rating Consensus

Packaging Corporation of America (NYSE:PKG) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.67 by 12 Brokerage Firm. 9 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Argus Research, upgrades their rating on the shares of Packaging Corporation of America (NYSE:PKG). Argus Research has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. As per the latest report, the brokerage house raises the price target to $73 per share. The rating by the firm was issued on April 25, 2016.

Packaging Corporation of America (NYSE:PKG): The stock price is expected to reach $ 72.33 in the short term. The number of analysts agreeing with this consensus is 9. The higher estimate for the short term price target is at $76 while the lower estimate is at $65. The standard deviation of the price stands at $3.43.

Packaging Corporation of America (NYSE:PKG) rose 0.27% or 0.18 points on Tuesday and made its way into the gainers of the day. After trading began at $67.74 the stock was seen hitting $68.03 as a peak level and $67.36 as the lowest level. The stock ended up at $67.75. The daily volume was measured at 1,307,750 shares. The 52-week high of the share price is $73.595 and the 52-week low is $44.32. The company has a market cap of $6,376 million.

Shares of Packaging Corporation of America rose by 3.14% in the last five trading days and 4.86% for the last 4 weeks. Packaging Corporation of America is up 15.79% in the last 3-month period. Year-to-Date the stock performance stands at 9.42%.

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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