.png "Packaging Corp (NYSE: PKG)")
Today, a Director at Packaging Corp (NYSE: PKG), Samuel Mencoff, bought shares of PKG for $156.4K.
This is Mencoff’s first transaction since reporting a Sell transaction on BCC back in November 2013
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Based on Packaging Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.69 billion and quarterly net profit of $139 million. In comparison, last year the company earned revenue of $1.54 billion and had a net profit of $116 million. PKG’s market cap is $10.84B and the company has a P/E ratio of 15.75. Currently, Packaging Corp has an average volume of 810.5K.
15 different firms, including Argus Research and Barclays, currently also have a Buy rating on the stock.
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Packaging Corp. of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers.
