What is Wall Street's Target Price for Packaging Corp Of America (PKG) Stock Monday?

InvestorsObserver is giving Packaging Corp Of America (PKG) an Analyst Rating Rank of 16, meaning PKG is ranked higher by analysts than 16% of stocks. The average price target for PKG is $130.25 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating PKG a Buy today. Find out what this means to you and get the rest of the rankings on PKG!

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Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Packaging Corp Of America Stock Today?

Packaging Corp Of America (PKG) stock is up 1.38% while the S&P 500 is lower by -0.5% as of 12:54 PM on Monday, Nov 21. PKG has risen $1.78 from the previous closing price of $128.98 on volume of 387,717 shares. Over the past year the S&P 500 is down -15.75% while PKG is lower by -2.66%. PKG earned $10.98 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.93. Click Here to get the full Stock Report for Packaging Corp Of America stock.