Packaging Corporation Of America (PKG): Today's Featured Consumer Non-Durables Laggard

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

Packaging Corporation of America ( PKG) pushed the Consumer Non-Durables industry lower today making it today's featured Consumer Non-Durables laggard. The industry as a whole closed the day up 1.0%. By the end of trading, Packaging Corporation of America fell $0.66 (-1.3%) to $48.72 on average volume. Throughout the day, 905,562 shares of Packaging Corporation of America exchanged hands as compared to its average daily volume of 977,600 shares. The stock ranged in price between $48.64-$49.54 after having opened the day at $49.32 as compared to the previous trading day's close of $49.38. Other companies within the Consumer Non-Durables industry that declined today were: Standard Register Company ( SR), down 4.8%, Neenah Paper ( NP), down 4.5%, CTI Industries Corporation ( CTIB), down 2.7% and Tandy Brands Accessories ( TBAC), down 2.5%.
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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. Packaging Corporation of America has a market cap of $4.9 billion and is part of the consumer goods sector. The company has a P/E ratio of 23.4, above the S&P 500 P/E ratio of 17.7. Shares are up 28.4% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Packaging Corporation of America a buy, 1 analyst rates it a sell, and 9 rate it a hold.

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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Mannatech ( MTEX), down 16.1%, Forward Industries ( FORD), down 14.0%, Stephan Company ( TSC), down 10.0% and China Shengda Packaging Group ( CPGI), down 8.4% , were all gainers within the consumer non-durables industry with Nike ( NKE) being today's featured consumer non-durables industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider Consumer Staples Select Sector SPDR ( XLP) while those bearish on the consumer non-durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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