#4 - Packaging Corporation of America (NYSE:PKG)
It's not the most exciting of stocks, but the Packaging Corporation of America (NYSE: PKG) may be ready to show investors that boring is beautiful. The company makes containerboard and corrugated packaging products in the United States.
The explosion of e-commerce has a downside of creating a need for packaging that has to be disposed of in one way or another. That is creating a need for sustainable solutions. And Packaging Corporation of America is a leader in creating sustainable solutions. And the company is also investing in technology that will help ensure the way it makes its packaging is as sustainable as the packaging itself.
PKG stock is up 32% in the last 12 months as the company has posted three straight quarters of better-than-expected earnings. Still, analysts have a consensus Hold rating on the stock. However, if the company meets or exceeds the 12% increase in earnings in the next 12 months, the price targets are likely to move higher, as will the stock price.
About Packaging Co. of America
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.
Read More - Current Price
- $235.81
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $221.60 (6.0% Downside)
