Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
NEW YORK (
) hit a new 52-week high Tuesday as it is currently trading at $45.84, above its previous 52-week high of $45.69 with 690,680 shares traded as of 10:51 a.m. ET. Average volume has been 936,200 shares over the past 30 days.
Packaging Corporation of America has a market cap of $4.25 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 13.7% year to date as of the close of trading on Monday.
Packaging Corporation of America engages in the manufacture and sale of containerboard and corrugated packaging products for industrial and consumer markets in the United States. The company has a P/E ratio of 25.8, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Packaging Corporation of America as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full
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