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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 down 0.2%. By the end of trading, Packaging Corporation of America fell $1.72 (-2.8%) to $60.93 on average volume. Throughout the day, 994,069 shares of Packaging Corporation of America exchanged hands as compared to its average daily volume of 908,200 shares. The stock ranged in price between $60.80-$63.86 after having opened the day at $62.70 as compared to the previous trading day's close of $62.65. Other companies within the Consumer Non-Durables industry that declined today were: Mannatech ( MTEX), down 11.3%, China Xiniya Fashion ( XNY), down 6.9%, CTI Industries Corporation ( CTIB), down 5.0% and Standard Register Company ( SR), down 5.0%.

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 $6.2 billion and is part of the consumer goods sector. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 62.9% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Packaging Corporation of America a buy, 1 analyst rates it a sell, and 6 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, 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.

On the positive front, Titan International ( TWI), up 6.5%, Tandy Brands Accessories ( TBAC), up 5.7%, Forward Industries ( FORD), up 5.7% and Joe's Jeans ( JOEZ), up 5.7% , were all gainers within the consumer non-durables industry with Deckers Outdoor Corporation ( DECK) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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