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.
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