NEW YORK ( TheStreet) -- Packaging Corporation of America (NYSE: PKG) is trading at unusually high volume Tuesday with 3.4 million shares changing hands. It is currently at four times its average daily volume and trading up $1.29 (+4.7%) at $28.86 as of 3:06 p.m. ET. Packaging Corporation of America has a market cap of $2.9 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 6.7% 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 14.1, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 16.5. 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, good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. 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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
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