Packaging Corp. of America (NYSE:PKG) was down 3% during mid-day trading on Monday . The company traded as low as $74.95 and last traded at $75.45, with a volume of 455,496 shares traded. The stock had previously closed at $77.79.

A number of equities research analysts recently issued reports on PKG shares. Zacks Investment Research cut shares of Packaging Corp. of America from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Deutsche Bank AG increased their target price on shares of Packaging Corp. of America from $71.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, July 7th. BMO Capital Markets reiterated a “buy” rating on shares of Packaging Corp. of America in a research report on Friday, July 22nd. Wells Fargo & Co. cut shares of Packaging Corp. of America to a “market weight” rating in a research report on Wednesday, May 18th. Finally, Jefferies Group reiterated 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 given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $73.58.

The stock’s 50-day moving average is $73.61 and its 200 day moving average is $63.56. The firm has a market cap of $7.14 billion and a P/E ratio of 16.25.

Packaging Corp. of America (NYSE:PKG) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ 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. During the same period in the prior year, the company earned $1.18 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts expect that Packaging Corp. of America will post $4.78 earnings per share for the current fiscal year.

In related news, SVP Kent A. Pflederer sold 1,100 shares of the company’s 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 completion of the sale, the senior vice president now owns 34,623 shares of the company’s stock, valued at $2,572,488.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

A hedge fund recently raised its stake in Packaging Corp. of America stock. I.G. Investment Management LTD. boosted its stake in Packaging Corp. of America (NYSE:PKG) by 180.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 237,598 shares of the company’s stock after buying an additional 152,933 shares during the period. I.G. Investment Management LTD. owned approximately 0.25% of Packaging Corp. of America worth $14,981,000 at the end of the most recent reporting period.

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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