Why Packaging Corporation of America (NYSE:PKG) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $75.79 on Packaging Corporation of America (NYSE:PKG) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.78 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Packaging Corporation of America (NYSE:PKG) stands at 16.37.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Packaging Corporation of Americ, the PEG ratio for coming 3-5 years is 2.09.

Technical Analysis

The technical analysis highlights that Packaging Corporation of Americ current is trading $4.47 points away or +6.16% from its 50-day moving average of $72.57. Further it is trading $13.87 or +21.96% away its 200-day moving average of $63.17.

The 52-week high of Packaging Corporation of America (NYSE:PKG) was $77.40 while lowest point recorded in 52-week was $44.32. It implies if stock price makes a movement of over $-0.36, it will record a new 52-week high. In the case of +73.83% drop, it will touch a new 52-week low.

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