Packaging Corporation of America (NYSE:PKG) went up by 1.47% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Packaging & Containers giant went up by $100.93 to trade ended Tuesday trading at $99.47. This is up from the $99.47 price recorded on Monday’s trading session. Its performance from the start of the year has also been negative, with PKG down by -9.88% year-to-date.
Packaging Corporation of America (PKG) started the day trading at $102.45 and recorded an intraday high of $103.48. It also recorded an intraday low of $100.36 during Tuesday’s trading session. Packaging Corporation of America is a very active stock that recorded a trading volume that is less than -8.46% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 800190, which is less than -8.46 of the total average daily trading volume of 867.86K.
Packaging Corporation of America (NYSE:PKG) 2020 Performance Impressive
The increase in PKG’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of PKG currently stands at $114.78, which is higher than the current trading price of the stock by 12.07%. However, PKG’s current trading price is -42.05% lower than the 52-week low price of $71.05. In terms of trading volume, Packaging Corporation of America currently experienced healthy participation during the last trading session. 800190 shares of Packaging Corporation of America were traded on the stock exchange on Tuesday, which is less than -8.46% of the 867.86K average trading volume of the stock.
The performance of the stock has been positive over the past year. PKG’s performance over the past one year has seen it surge by 8.06%, while the stock has gone down by -9.10% in the last six months. The quarterly performance of PKG currently stands at 7.67%, and it is up by 11.01% in the last month. The only negative figure was from the weekly performance, which currently reads -6.42%. At the time of writing PKG’s report, the company has a total market cap of $9.50B, making it one of the largest publicly-traded companies in the world.Packaging Corporation of America also has over 15500 employees all over the world.
PKG Insider Activities
For Packaging Corporation of America, insiders hold 93.40% of all company shares. The insider transactions over the past six months are up by 12.00%. During that period, insiders bought 142,558 shares in 27 transactions. In that same period, insiders sold 1,498 of their shares in 2 transactions. After these transactions, insiders at Packaging Corporation of America now hold 1.43M shares, which is over 94.95% of the total company stocks. Institutional investors currently hold a large chunk of the PKG shares, as they control 1.52% of the company’s total stock.
PKG Fundamental Analysis
For Packaging Corporation of America, the stock’s diluted earnings per share (EPS) stands at 6.86. In the coming year, analysts expect the EPS to be 5.22. The EPS growth will slow down over the next five years to -2.72% after surging by 13.00% in the previous five years. In terms of revenue, Packaging Corporation of America’s quarterly sales (YOY) is growing at 1.27, which is lower than the average annual revenue of 13.00% over the past half a decade.
The Return on Investment (ROI) on Packaging Corporation of America’s stock currently stands at 15.00%, and it has a net profit margin of 9.30%. The operating margin of the company is 14.20%, and its gross margin is 22.90%.
PKG Analysts Prediction
UBS and BofA/Merrill also believe that Packaging Corporation of America’s stock is outperforming at the moment.
At the moment, Packaging Corporation of America’s Total Debt to Equity ratio stands at 0.79, and they have a long-term Debt to Equity ratio of 0.79.
PKG Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of PKG currently stands at -0.15%, while the SMA50 is 6.45%. The biggest one is the SMA200, which is currently reading -0.37% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 51.47, while its price to earnings ratio (P/E) is 14.71.