Packaging Corporation of America (PKG) has risen sharply, recording gains of 2% in the past 4 weeks. However, the stock has corrected -1.25% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.55% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.38% and the 50-Day Moving Average is 5.04%.The 200 Day SMA reached 26.7%
Packaging Corporation of America (NYSE:PKG): After opening at $80.25, the stock dipped to an intraday low of $79.99 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $81.68 and the buying power remained strong till the end. The stock closed at $81.26 for the day, a gain of 1.93% for the day session. The total traded volume was 755,067. The stocks close on the previous trading day was $81.26.
Packaging Corporation of America (PKG) : Average target price received by Packaging Corporation of America (PKG) is $84.88 with an expected standard deviation of $9.98. The most aggressive target on the stock is $96, whereas the most downbeat target is $65. 8 financial analysts are currently covering the stock.
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.