Packaging Corp (PKG) Gets a Sell Rating from KeyBanc


KeyBanc analyst Adam Josephson reiterated a Sell rating on Packaging Corp (PKG) today and set a price target of $89.00. The company’s shares closed last Monday at $108.35, close to its 52-week high of $111.23.

According to TipRanks.com, Josephson is a 4-star analyst with an average return of 8.9% and a 65.1% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Avery Dennison Corp, and Graphic Packaging.

Currently, the analyst consensus on Packaging Corp is a Hold with an average price target of $101.00.

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Packaging Corp’s market cap is currently $10.42B and has a P/E ratio of 13.19. The company has a Price to Book ratio of 3.57.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PKG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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