A statement released earlier today by Goldman Sachs Group Inc. about Packaging Corp Of America (NYSE:PKG) bumps the target price to $77.00
- Updated: September 21, 2016
Boasting a price of $81.66, Packaging Corp Of America (NYSE:PKG) traded 2.37% higher on the day. With the last stock price close up 19.17% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Packaging Corp Of America has recorded a 50-day average of $78.09 and a two hundred day average of $68.53. Volume of trade was down over the average, with 569,618 shares of PKG changing hands under the typical 850,117
Goldman Sachs Group Inc. bumped up the target of Packaging Corp Of America (NYSE:PKG) to $77.00 stating a potential downside of -0.06%.
On Thursday September 01, 2016, Citigroup released a statement for Packaging Corp Of America (NYSE:PKG) bumped up the target price from $76.00 to $81.00 that suggested an upside of 0.03%.
With a total market value of $0, Packaging Corp Of America has price-earnings ratio of 17.35 with a one year low of $44.32 and a one year high of $82.06 .
A total of 13 equity analysts have released a ratings update on PKG. Five equity analysts rating the company a strong buy, four equity analysts rating the company a buy, five equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $67.46.
Brief Synopsis About Packaging Corp 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.
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