Stock To Watch: Packaging Corporation of America (NYSE:PKG)


The leading market experts have placed a mean price target of $69.15 on Packaging Corporation of America (NYSE:PKG) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.28 a share for the upcoming quarter and $4.62 for the current fiscal. Technical View The technical analysis of Packaging Corporation of Americ plainly substantiates that the 50-day moving average of Packaging Corporation of Americ is $66.75, and stock is hovering -1.00 or -1.49% distant from $66.75. It is noted that the 200-day MA is $59.93, and Packaging Corporation of Americ stock is $5.82 or +9.71% off from this point. Packaging Corporation of America (NYSE:PKG) 52-week high is $73.60 and the 52-week low is $44.32. This explains if the stock moves $-7.85, it will post a 52-week high. In event of $+48.35% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Packaging Corporation of Americ, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Packaging Corporation of America (NYSE:PKG) ratio came in at 14.18. The stock last ended the trading session at $65.75 and registered a market cap of $6.13B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Packaging Corporation of America (NYSE:PKG) PEG ratio is at 1.98.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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