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

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.

NEW YORK ( TheStreet) -- Packaging Corporation of America (NYSE: PKG) hit a new 52-week high Wednesday as it is currently trading at $50.29, above its previous 52-week high of $50 with 166,302 shares traded as of 10:20 a.m. ET. Average volume has been one million shares over the past 30 days.

Packaging Corporation of America has a market cap of $4.83 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 29.7% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 23.3, above the S&P 500 P/E ratio of 17.7.

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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, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. 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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