Packaging Corp. of America (NYSE:PKG) reached 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 changing hands. The stock had previously closed at $75.97.

A number of research firms have commented on PKG. Jefferies Group reissued a “buy” rating on shares of Packaging Corp. of America in a report on Friday, August 12th. Deutsche Bank AG raised their price target on Packaging Corp. of America from $75.00 to $77.00 and gave the company a “hold” rating in a report on Wednesday, August 10th. Barclays PLC raised their price target on Packaging Corp. of America from $71.00 to $81.00 and gave the company an “overweight” rating in a report on Monday, July 25th. Buckingham Research cut Packaging Corp. of America from a “buy” rating to a “neutral” rating and raised their price target for the company from $72.00 to $74.00 in a report on Monday, July 18th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Packaging Corp. of America in a report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $73.58.

The company has a 50-day moving average of $72.96 and a 200-day moving average of $63.27. The company has a market capitalization of $7.21 billion and a P/E ratio of 16.42.

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

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

Other large investors have recently bought and sold shares of the company. GSA Capital Partners LLP raised its stake in 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. raised its stake in 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 raised its stake in 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. raised its stake in 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 raised its stake in 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.

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