Packaging Corp. of America (NYSE:PKG)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $80.25 and last traded at $79.70, with a volume of 768,938 shares changing hands. The stock had previously closed at $78.69.

Several equities analysts recently commented on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Packaging Corp. of America in a report on Tuesday. Deutsche Bank AG increased their target price on shares of 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 increased their target price on shares of Packaging Corp. of America from $71.00 to $81.00 and gave the company an “overweight” rating in a report on Monday, July 25th. BMO Capital Markets reaffirmed a “buy” rating on shares of Packaging Corp. of America in a report on Friday, July 22nd. Finally, Zacks Investment Research raised shares of Packaging Corp. of America from a “sell” rating to a “hold” rating and set a $83.00 target price on the stock 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 assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $73.58.

The company has a market capitalization of $7.43 billion and a PE ratio of 16.899. The company has a 50 day moving average of $74.54 and a 200-day moving average of $64.33.

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

In related news, SVP Kent A. Pflederer sold 1,100 shares of Packaging Corp. of America stock in a transaction on 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 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 legal filing with the SEC, which is available through the SEC website.

An institutional investor recently raised its position in Packaging Corp. of America stock. BlackRock Advisors LLC boosted its position in shares of Packaging Corp. of America (NYSE:PKG) by 2.7% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 724,829 shares of the company’s stock after buying an additional 19,322 shares during the period. BlackRock Advisors LLC owned 0.75% of Packaging Corp. of America worth $45,701,000 as of its most recent SEC filing.

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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