Packaging Corporation of America Share Price Target ‘$177.14’, now -3.2% Downside Potential

Broker Ratings
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Packaging Corporation of America with ticker code (PKG) have now 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $202.00 and $155.00 calculating the average target share price we see $177.14. (at the time of writing). Given that the stocks previous close was at $183.01 this would indicate that there is a downside of -3.2%. The 50 day MA is $171.60 and the 200 day moving average is $154.41. The total market capitalization for the company now stands at 16.39B. The stock price is currently at: $182.91 USD

The potential market cap would be $15,867,337,323 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 21.54, revenue per share of $87.57 and a 8.42% return on assets.

Packaging Corporation of America is a producer of container board products and uncoated freesheet paper. It operates eight mills and 89 corrugated products plants and related facilities. It has three segments: Packaging, Paper, and Corporate and Other. Its containerboard mills produce linerboard and corrugating medium. Its 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. In addition, it also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. It manufactures and sells papers, including both commodity and specialty papers, which may have custom or specialized features, such as colors, coatings, high brightness and recycled content. Its papers consist of communication papers, including cut-size office papers, and printing and converting papers.

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