Packaging Corporation of Americ which can be found using ticker (PKG) now have 9 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 165 and 106 with the average target price sitting at $132.56. Given that the stocks previous close was at $132.09 this now indicates there is a potential upside of .4%. It’s also worth noting that there is a 50 day moving average of $137.29 and the 200 day moving average is $132.70. The total market capitalization for the company now stands at $11,982m. You can visit the company’s website by visiting: https://www.packagingcorp.com
The potential market cap would be $12,025m based on the market consensus.
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.
The company has a dividend yield of 3.79% with the ex dividend date set at 14-3-2023 (DMY).
