NEW YORK ( TheStreet) -- Packaging Corporation of America (NYSE: PKG) hit a new 52-week high Tuesday as it traded at $29.52 compared with its previous 52-Week high of $29.50. Packaging Corporation of America is changing hands at $29.52 with 174,968 shares traded as of 10:21 a.m. ET. Average volume has been 779,200 shares over the past 30 days. Packaging Corporation of America has a market cap of $3 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 12.8% year to date as of the close of trading on Monday.

Packaging Corporation of America produces containerboard and corrugated products in the United States. The company has a P/E ratio of 18, above the average consumer non-durables industry P/E ratio of 14.5 and below the S&P 500 P/E ratio of 23.3.

TheStreet Ratings rates Packaging Corporation of America as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Packaging Corporation of America Ratings Report.

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