Packaging Corporation of America (PKG) : Traders are bullish on Packaging Corporation of America (PKG) as it has outperformed the S&P 500 by a wide margin of 5.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.46% in the last 1 week, and is up 2.92% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.12% and the 50-Day Moving Average is 6.17%.The 200 Day SMA reached 26.49% Packaging Corporation of America is up 22.73% in the last 3-month period. Year-to-Date the stock performance stands at 30.33%.
Packaging Corporation of America (PKG) : The consensus price target for Packaging Corporation of America (PKG) is $83.25 for the short term with a standard deviation of $10.08. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $96, however, the pessimist price target for the company is $65.
For the current week, the company shares have a recommendation consensus of Buy. Packaging Corporation of America (NYSE:PKG): The stock opened at $79.84 and touched an intraday high of $82.06 on Friday. During the day, the stock corrected to an intraday low of $79.74, however, the bulls stepped in and pushed the price higher to close in the green at $80.06 with a gain of 0.04% for the day. The total traded volume for the day was 1,318,965. The stock had closed at $80.06 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.