Packaging Corp Of America (NYSE:PKG) has been upgraded to Buy in a report by Deutsche Bank AG today.
- Updated: September 24, 2016
Deutsche Bank AG has upgraded Packaging Corp Of America (NYSE:PKG) to Buy in a statement released on 9/23/2016.
On 09/22/2016, Goldman Sachs Group Inc. released a statement about Packaging Corp Of America (NYSE:PKG) upped the target price from $0.00 to $77.00 that suggested a downside of -0.06%.
Having a price of $80.64, Packaging Corp 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
Recent Performance Chart
Packaging Corp Of America has PE ratio of 17.48 with a 52 week low of $44.32 and a one year high of $82.77 and has a total market value of $0.
A total of 13 analysts have released a research note on Packaging Corp Of America. Five analysts rating the company a strong buy, four analysts rating the company a buy, five analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $67.46.
More 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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