Packaging Corporation of America (NYSE:PKG) traded at a new 52-week high today of $158.47. Approximately 51,000 shares have changed hands today, as compared to an average 30-day volume of 675,000 shares.
Over the past year, Packaging Corporation of America has traded in a range of $124.78 to $158.47 and is now at $157.25, 26% above that low.
Packaging Corp of America is the fourth- largest containerboard and corrugated packaging manufacturer in the United States. It produces roughly 4 million tons of containerboard annually. The company’s share of the domestic containerboard market is about 10%. It differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility. Its three reportable segments: Packaging, Paper and Corporate and Other.
Based on a current price of $157.25, Packaging Corporation of America is currently 1.2% above its average consensus analyst price target of $155.41.
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