Packaging Corp. of America (NYSE:PKG) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $77.40 and last traded at $76.95, with a volume of 380,960 shares trading hands. The stock had previously closed at $75.97.

A number of research analysts have commented on PKG shares. Zacks Investment Research downgraded Packaging Corp. of America from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Deutsche Bank AG boosted their target price on Packaging Corp. of America from $71.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, July 7th. BMO Capital Markets restated a “buy” rating on shares of Packaging Corp. of America in a research note on Friday, July 22nd. Wells Fargo & Co. downgraded Packaging Corp. of America to a “market weight” rating in a research note on Wednesday, May 18th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Packaging Corp. of America in a research report on Thursday, July 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $73.58.

The stock has a market cap of $7.20 billion and a PE ratio of 16.39. The stock’s 50-day moving average is $72.17 and its 200 day moving average is $62.98.

Packaging Corp. of America (NYSE:PKG) last released its earnings results on Thursday, July 21st. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.07. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.46 billion. Packaging Corp. of America’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $1.18 EPS. Equities research analysts anticipate that Packaging Corp. of America will post $4.78 EPS for the current fiscal year.

In other Packaging Corp. of America news, SVP Kent A. Pflederer sold 1,100 shares of the stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $74.30, for a total transaction of $81,730.00. Following the completion of the transaction, the senior vice president now owns 34,623 shares in the company, valued at approximately $2,572,488.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Other institutional investors recently made changes to their positions in the company. GSA Capital Partners LLP boosted its position in shares of Packaging Corp. of America by 51.1% in the fourth quarter. GSA Capital Partners LLP now owns 16,754 shares of the company’s stock valued at $1,056,000 after buying an additional 5,663 shares during the last quarter. I.G. Investment Management LTD. boosted its position in shares of Packaging Corp. of America by 180.6% in the fourth quarter. I.G. Investment Management LTD. now owns 237,598 shares of the company’s stock valued at $14,981,000 after buying an additional 152,933 shares during the last quarter. Morgan Stanley boosted its position in shares of Packaging Corp. of America by 20.3% in the fourth quarter. Morgan Stanley now owns 470,212 shares of the company’s stock valued at $29,647,000 after buying an additional 79,250 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Packaging Corp. of America by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 490,037 shares of the company’s stock valued at $30,897,000 after buying an additional 7,062 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its position in shares of Packaging Corp. of America by 2.7% in the fourth quarter. BlackRock Advisors LLC now owns 724,829 shares of the company’s stock valued at $45,701,000 after buying an additional 19,322 shares during the last quarter.

Packaging Corporation of America (PCA) is a producer of containerboard and corrugated packaging products, and uncoated free sheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Company operates over eight mills and approximately 90 corrugated products manufacturing plants.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.