Packaging Corporation (PKG) Worth Watching: Stock Soars 10.8%

Zacks

Packaging Corporation of America (PKG) was a big mover last session, as the company saw its shares gain nearly 11% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. The uptrend is continuing for this packaging & containers company, as the stock has climbed roughly 17% in the past one-month time period.

The company has seen 9 positive revisions in the past few weeks and its earnings consensus has moved north over the past two months, suggesting that more solid trading could be ahead for PKG. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Packaging Corporation currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better performing stocks in the consumer goods sector include Sealed Air Corporation (SEE), KapStone Paper and Packaging Corporation (KS) and Sonoco Products Co. (SON). While Sealed Air and KapStone carry a Zacks Rank #1 (Strong Buy), Sonoco Products carries a Zacks Rank #2 (Buy).

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Read the Full Research Report on SONRead the Full Research Report on SEERead the Full Research Report on PKGRead the Full Research Report on KSZacks Investment Research
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