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 $50.91, above its previous 52-week high of $50.78 with 313,016 shares traded as of 10:16 a.m. ET. Average volume has been 896,400 shares over the past 30 days.

Packaging Corporation of America has a market cap of $4.95 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 30.8% year to date as of the close of trading on Wednesday.

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.

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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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