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

Analysts who follow Packaging Corp Of America (PKG) on average expect it to rise 2.07% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns Packaging Corp Of America an Analyst Ranking of 4, which means it ranks higher than 4 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating PKG a Hold 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?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

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

Packaging Corp Of America (PKG) stock has gained 3.26% while the S&P 500 is down -0.1% as of 2:51 PM on Tuesday, Jan 4. PKG has gained $4.39 from the previous closing price of $134.61 on volume of 390,484 shares. Over the past year the S&P 500 has gained 29.49% while PKG has gained 2.39%. PKG earned $7.85 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 17.71. Click Here to get the full Stock Report for Packaging Corp Of America stock.