Packaging Corporation of America (NYSE:PKG) traded today at a new 52-week high of $157.75. So far today approximately 61,000 shares have been exchanged, as compared to an average 30-day volume of 729,000 shares.
Over the past year, Packaging Corporation of America has traded in a range of $124.78 to $157.75 and is now at $155.75, 25% 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.
Packaging Corporation of America has overhead space with shares priced $155.75, or 0.3% below the average consensus analyst price target of $156.29.
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