Brokerage Firm Rating Update on Packaging Corporation of America (PKG)

Packaging Corporation of America (PKG) : The consensus on Packaging Corporation of America (PKG) based on 11 analyst recommendation on the company stock is 2.09, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Packaging Corporation of America (PKG) : Currently there are 8 street experts covering Packaging Corporation of America (PKG) stock. The most bullish and bearish price target for the stock is $88 and $65 respectively for the short term. The average price target of all the analysts comes to $80.13. The estimated standard deviation from the target is $6.9.


For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup maintains their rating on the shares of Packaging Corporation of America (NYSE:PKG). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $81 per share from $76 per share. The rating by the firm was issued on September 1, 2016.

Packaging Corporation of America (NYSE:PKG): The stock opened at $80.45 and touched an intraday high of $81.3199 on Wednesday. During the day, the stock corrected to an intraday low of $79.97, however, the bulls stepped in and pushed the price higher to close in the green at $81.31 with a gain of 0.94% for the day. The total traded volume for the day was 779,926. The stock had closed at $80.55 in the previous trading session.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.