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Packaging (PKG) Gets a Hold Rating from Jefferies

In a report issued on July 11, Philip Ng from Jefferies maintained a Hold rating on Packaging (PKGResearch Report), with a price target of $145.00. The company’s shares closed last Thursday at $135.57.

According to TipRanks.com, Ng is a 5-star analyst with an average return of 7.0% and a 53.3% success rate. Ng covers the Basic Materials sector, focusing on stocks such as International Paper Co, Berry Global Group, and Graphic Packaging.

Currently, the analyst consensus on Packaging is a Moderate Buy with an average price target of $165.11.

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The company has a one-year high of $168.50 and a one-year low of $124.78. Currently, Packaging has an average volume of 628.7K.

Based on the recent corporate insider activity of 56 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. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers. The Corporate and Other segment focuses on transportation assets, as well as rail cars, and trucks. The company was founded in 1959 and is headquartered in Lake Forest, IL.

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