Packaging Corp Of America (NYSE:PKG) shares, rose in value on Friday, March 07, with the stock price up by 1.40% to the previous day’s close as strong demand from buyers drove the stock to $206.65.
Actively observing the price movement in the last trading, the stock closed the session at $203.80. The PE ratio was 23.13 over 12-month period. Referring to stock’s 52-week performance, its high was $250.82, and the low was $169.00. On the whole, PKG has fluctuated by -1.76% over the past month.
With the market capitalization of Packaging Corp Of America currently standing at about $18.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 5.00, with its dividend yield at 2.42%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.94B, with a low estimate of 1.99B and a high estimate of 2.2B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.12B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PKG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.86, with the price of PKG currently trading nearly -1.26% and -6.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.06, while the 7-day volatility ratio is showing 2.57% which for the 30-day chart, stands at 1.98%. Furthermore, Packaging Corp Of America (PKG)’s beta value is 0.85, and its average true range (ATR) is 4.58.
A comparison of Packaging Corp Of America (PKG) with its peers suggests the former has fared considerably weaker in the market. PKG showed an intraday change of 1.40% in last session, and over the past year, it grew by 12.02%%.
Data on historical trading for Packaging Corp Of America (NYSE:PKG) indicates that the trading volumes over the past 3 months, they’ve averaged 890.64K. According to company’s latest data on outstanding shares, there are 89.80 million shares outstanding.
Nearly 1.98% of Packaging Corp Of America’s shares belong to company insiders and institutional investors own 91.82% of the company’s shares. The stock has fallen by -8.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PKG stock heading into the next quarter.
