Let’s look at the key reasons that are pushing Packaging Corp Of America (PKG) to new highs

A new trading day began on Tuesday, with Packaging Corp Of America (NYSE: PKG) stock price up 2.39% from the previous day of trading, before settling in for the closing price of $182.07. PKG’s price has ranged from $169.00 to $250.82 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 4.17%. Meanwhile, its annual earnings per share averaged 16.81%. With a float of $88.07 million, this company’s outstanding shares have now reached $89.80 million.

Considering the fact that the conglomerate employs 15400 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 21.27%, operating margin of 13.74%, and the pretax margin is 12.7%.

Packaging Corp Of America (PKG) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Packaging & Containers Industry. The insider ownership of Packaging Corp Of America is 2.06%, while institutional ownership is 91.55%. The most recent insider transaction that took place on Dec 03 ’24, was worth 563,253. In this transaction SVP of this company sold 2,300 shares at a rate of $244.89, taking the stock ownership to the 9,197 shares. Before that another transaction happened on Dec 03 ’24, when Company’s Officer proposed sale 2,300 for $244.89, making the entire transaction worth $563,253.

Packaging Corp Of America (PKG) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.02 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 16.81% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.51% during the next five years compared to 3.99% growth over the previous five years of trading.

Packaging Corp Of America (NYSE: PKG) Trading Performance Indicators

Here are Packaging Corp Of America’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.00. Likewise, its price to free cash flow for the trailing twelve months is 32.15.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.93, a number that is poised to hit 2.21 in the next quarter and is forecasted to reach 11.75 in one year’s time.

Technical Analysis of Packaging Corp Of America (PKG)

Compared to the last year’s volume of 0.96 million, its volume of 0.81 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 60.11%. Additionally, its Average True Range was 6.61.

During the past 100 days, Packaging Corp Of America’s (PKG) raw stochastic average was set at 17.55%, which indicates a significant decrease from 46.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.02% in the past 14 days, which was higher than the 29.96% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $199.04, while its 200-day Moving Average is $213.04. Nevertheless, the first resistance level for the watch stands at $188.03 in the near term. At $189.63, the stock is likely to face the second major resistance level. The third major resistance level sits at $192.26. If the price goes on to break the first support level at $183.80, it is likely to go to the next support level at $181.17. Now, if the price goes above the second support level, the third support stands at $179.57.

Packaging Corp Of America (NYSE: PKG) Key Stats

With a market capitalization of 16.76 billion, the company has a total of 89,928K Shares Outstanding. Currently, annual sales are 8,383 M while annual income is 805,100 K. The company’s previous quarter sales were 2,146 M while its latest quarter income was 221,200 K.