Today’s Market Runner: Is Buying All-time Stock Like Packaging Corp Of America a Winning Strategy?


Today's Market Runner: Is Buying All time Stock Like Packaging Corp Of America a Winning Strategy?

The stock of Packaging Corp Of America (NYSE:PKG) reached all time high today, Oct, 18 and still has $106.71 target or 27.00% above today’s $84.02 share price. This indicates more upside for the $7.99B company. This technical setup was reported by If the $106.71 PT is reached, the company will be worth $2.16 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 454,573 shares traded hands. Packaging Corp Of America (NYSE:PKG) has risen 53.49% since March 15, 2016 and is uptrending. It has outperformed by 48.01% the S&P500.

Packaging Corp Of America (NYSE:PKG) Ratings Coverage

Out of 11 analysts covering Packaging Corporation of America (NYSE:PKG), 4 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 36% are positive. Packaging Corporation of America has been the topic of 22 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Citigroup on Wednesday, August 31. The firm has “Underperform” rating by Macquarie Research given on Monday, January 25. The firm earned “Hold” rating on Wednesday, August 10 by Deutsche Bank. The firm has “Neutral” rating by Buckingham Research given on Monday, July 18. Jefferies maintained it with “Buy” rating and $80 target price in Thursday, July 14 report. The rating was maintained by Barclays Capital with “Equal Weight” on Monday, October 26. Goldman Sachs initiated Packaging Corp Of America (NYSE:PKG) rating on Thursday, September 22. Goldman Sachs has “Sell” rating and $77 price target. The stock has “Neutral” rating given by Citigroup on Tuesday, July 19. The stock of Packaging Corp Of America (NYSE:PKG) earned “Neutral” rating by Macquarie Research on Tuesday, November 10. Citigroup downgraded Packaging Corp Of America (NYSE:PKG) on Monday, January 25 to “Neutral” rating.

According to Zacks Investment Research, “Packaging Corp. of America is one of the largest producers of containerboard in the United States and also one of the largest manufacturers of corrugated packaging products. The company produces corrugated containers as well as the containerboard used to manufacture corrugated containers. Corrugated containers are the most commonly used type of paper packaging. Corrugated containers, referred to as cardboard boxes, are made by combining multiple layers of heavyweight paper known as containerboard and fabricating them into finished boxes.”

Insitutional Activity: The institutional sentiment increased to 1.36 in Q2 2016. Its up 0.21, from 1.15 in 2016Q1. The ratio is positive, as 32 funds sold all Packaging Corp Of America shares owned while 119 reduced positions. 66 funds bought stakes while 140 increased positions. They now own 78.73 million shares or 5.59% less from 83.40 million shares in 2016Q1.
Sg Americas Secs Ltd Liability accumulated 28,699 shares or 0.01% of the stock. Jaffetilchin Prns Ltd Llc has 0.15% invested in the company for 7,372 shares. Wagner Bowman Mngmt Corporation, a Maryland-based fund reported 3,670 shares. Moreover, State Street Corp has 0.02% invested in Packaging Corp Of America (NYSE:PKG) for 3.19M shares. Sumitomo Mitsui Trust Holding has 300,936 shares for 0.03% of their US portfolio. The Texas-based Next Finance Group Incorporated has invested 0% in Packaging Corp Of America (NYSE:PKG). California State Teachers Retirement Systems accumulated 197,722 shares or 0.03% of the stock. Deutsche Natl Bank Ag owns 522,089 shares or 0.02% of their US portfolio. Architects Incorporated holds 0.01% or 669 shares in its portfolio. Andra Ap last reported 0.07% of its portfolio in the stock. The United Kingdom-based Blackrock Gru Ltd has invested 0.02% in Packaging Corp Of America (NYSE:PKG). Comerica Natl Bank holds 162,653 shares or 0.11% of its portfolio. Etrade Mgmt Limited Liability Co has invested 0.1% of its portfolio in Packaging Corp Of America (NYSE:PKG). Rockland Company has 15,398 shares for 0.17% of their US portfolio. Adams Natural Fund holds 0.87% or 82,400 shares in its portfolio.

Insider Transactions: Since April 22, 2016, the stock had 0 insider purchases, and 3 sales for $1.17 million net activity. Walton Thomas W.H. sold $662,760 worth of stock or 9,000 shares. 6,463 shares with value of $424,167 were sold by Carter Charles J. on Friday, April 22. On Friday, July 22 the insider Pflederer Kent A. sold $81,730.

More notable recent Packaging Corp Of America (NYSE:PKG) news were published by: which released: “Packaging Corporation of America acquires Columbus Container” on October 12, 2016, also with their article: “Stocks Hitting 52-Week Highs” published on October 18, 2016, published: “Packaging Corporation of America Announces Agreement to Acquire TimBar Corporation” on July 06, 2016. More interesting news about Packaging Corp Of America (NYSE:PKG) were released by: and their article: “Miami warehouses included in large industrial merger” published on September 08, 2016 as well as‘s news article titled: “Containerboard Prices Set To Increase; Deutsche Boosts Rating On KapStone …” with publication date: September 23, 2016.

PKG Company Profile

Packaging Corporation of America (PCA), incorporated on January 25, 1999, is a producer of containerboard and corrugated packaging products, and uncoated free sheet. The Firm operates through three divisions: Packaging, Paper, and Corporate and Other. The Firm operates over eight mills and approximately 90 corrugated products manufacturing plants. It operates primarily in the United States and has converting and distribution activities in Canada.

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