PKG Stock Summary and Trading Ideas (Packaging Of America | NYSE:PKG)

Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. The firm differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.

Packaging Of America trades on the NYSE stock market under the symbol PKG.

As of April 19, 2024, PKG stock price climbed to $179.89 with 2,310,738 million shares trading.

PKG has a beta of 0.53, meaning it tends to be less sensitive to market movements. PKG has a correlation of 0.07 to the broad based SPY ETF.

PKG has a market cap of $16.17 billion. This is considered a Large Cap stock.

Last quarter Packaging Of America reported $2 billion in Revenue and $2.13 earnings per share. This beat revenue expectation by $28 million and exceeded earnings estimates by $.30.

In the last 3 years, PKG stock traded as high as $191.27 and as low as $110.56.

The top ETF exchange traded funds that PKG belongs to (by Net Assets): VTI, VOO, VO, SCHD, SPY.

PKG has outperformed the market in the last year with a return of +29.4%, while the SPY ETF gained +21.2%. In the last 3 month period, PKG beat the market returning +10.2%, while SPY returned +4.3%. However, in the most recent 2 weeks PKG has underperformed the stock market by returning -4.1%, while SPY returned -3.5%.

PKG support price is $176.02 and resistance is $180.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PKG stock will trade within this expected range on the day.