Packaging Corporation of America (PKG) Receives Price Target

Packaging Corporation of America (PKG) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $88 and the lowest price target forecast is $65. The average forecast of all the analysts is $80.13 and the expected standard deviation is $6.9.

Packaging Corporation of America (PKG) : 6 brokerage houses believe that Packaging Corporation of America (PKG) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Packaging Corporation of America (PKG). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 2.09.


Also, Equity Analysts at the Deutsche Bank maintains the rating on Packaging Corporation of America (NYSE:PKG). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $75 per share to $77 per share. The rating by the firm was issued on August 10, 2016.

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 $78.78 and $78.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.94, notching a gain of 0.39% for the day. The total traded volume was 923,475 . The stock had closed at $78.63 on the previous day.

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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