Packaging Corporation Hits 52-Week High On Strong Tailwinds
Zacks Investment Research | Jun 13, 2017 09:34PM ET
You must take a look at the leading manufacturer of containerboard and corrugated packaging products, Packaging Corporation of America (NYSE:PKG) , as the stock exhibited a bullish run, over the past one year.
The stock scaled a 52-week high of $105.81 yesterday, though it closed a tad lower at $105.76. This displays a solid year-to-date return of approximately 24.7% compared with the Zack’s Containers- Paper/Plastic industry’s gain of 8.7%, over the same period.
The Zacks Consensus Estimate for 2017 and 2018 remained unchanged at $5.97 and $6.69, respectively, over the last 30 days. Further, it has long-term earnings growth rate of 13%, highlighting its inherent potential.
The stock has a market cap of $9.9 billion. Average volume of shares traded over the last three months was approximately 673.7K. We note that Packaging Corporation has beaten the Zacks Consensus Estimate in three out of the trailing four quarters, with an average positive earnings surprise of 3.41%.
Packaging Corporation of America Price and Consensus
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