A statement released earlier today by Goldman Sachs about Packaging Corporation of America (NYSE:PKG) bumps the target price to $77.00
- Updated: September 24, 2016
Having a price of $81.66, Packaging Corporation of America (NYSE:PKG) traded 2.05% higher on the day. With the last stock price up 19.57% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PKG has recorded a 50-day average of $78.50 and a two hundred day average of $68.82. Trade Volume was up over the average, with 931,683 shares of PKG changing hands over the typical 838,886
Reporting as potential downside of -0.06%, Goldman Sachs upped the price target of Packaging Corporation of America (NYSE:PKG) to $77.00
On 9/1/2016, Citigroup released a statement about Packaging Corporation of America (NYSE:PKG) upped the target price from $76.00 to $81.00 that suggested an upside of 0.03%.
Recent Performance Chart
Packaging Corporation of America has PE ratio of 17.48 with a one year low of $44.32 and a one year high of $82.77 and has a market capitalization of $0.
A total of 13 brokerages have released a report on Packaging Corporation of America. Five brokerages rating the company a strong buy, four brokerages rating the company a buy, five brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $67.46.
General Company Details For Packaging Corporation of America (NYSE:PKG)
Packaging Corporation of America (PCA) is a producer of containerboard and corrugated packaging products, and uncoated free sheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Company operates over eight mills and approximately 90 corrugated products manufacturing plants. It operates primarily in the United States and has converting and distribution operations in Canada. The Company's corrugated products manufacturing plants produce a range of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes, and displays. Its Paper segment operates under the trade name Boise Paper. The Company manufactures and sells white papers, including both commodity and specialty papers. The Company's Corporate and Other segment includes corporate support staff services, related assets and liabilities, and foreign exchange gains and losses.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.