Packaging ( (PKG) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Packaging Corporation of America’s stock has been impacted by anticipated seasonal variations in pricing and costs, as well as expected higher maintenance expenses and lower production in the fourth quarter. Despite these challenges, the company has shown strong performance in its packaging business. Analysts have maintained a Hold rating with a price target of $218.00, adjusting their expectations due to these factors and predicted improvements from acquired operations.
More about Packaging
YTD Price Performance: -5.52%
Average Trading Volume: 709,519
Technical Sentiment Signal: Strong Buy
Current Market Cap: $18.73B
For further insights into PKG stock on TipRanks’ Stock Analysis page.
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