Packaging Corporation Of America Stock Hits New 52-Week High (PKG)

NEW YORK ( TheStreet) -- Packaging Corporation of America (NYSE: PKG) hit a new 52-week high Thursday as it is currently trading at $30.19, above its previous 52-week high of $30.06 with 180,731 shares traded as of 10:55 a.m. ET. Average volume has been 719,900 shares over the past 30 days.

Packaging Corporation of America has a market cap of $2.81 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 17.9% year to date as of the close of trading on Wednesday.

Packaging Corporation of America produces and sells containerboard and corrugated products in the United States. The company has a P/E ratio of 18.7, above the average consumer non-durables industry P/E ratio of 16.4 and above the S&P 500 P/E ratio of 17.7.

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, solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Packaging Corporation of America Ratings Report.

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