user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 453870 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Analyst Rating In Review: Packaging of America Bid Up 2.6% Since Downgraded 7 Days Ago (PKG)

Published on Wed, 03/06/2013 - 10:10
By Adrienne Chilton

One week ago Packaging of America (NYSE:PKG) was downgraded from Buy to Hold at Argus Research. The stock closed at $42.73, which is 2.6% higher than the price one week ago ($41.66).

Over the past year, Packaging of America has traded in a range of $25.77 to $43.12 and is now at $43.00, 67% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.8%.

Packaging Corp of America manufactures containerboard and corrugated packaging products for use in protecting goods during shipment. The Company also produces multi-color boxes and displays, as well as meat boxes and wax-coated boxes for the agricultural industry.

Packaging of America (NYSE:PKG) is currently priced 2.9% above its average consensus analyst price target of $41.75. The stock should find initial support at its 50-day moving average (MA) of $39.65 and further support at its 200-day MA of $34.05.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Walter Energy Looks to Continue to Trade...

Shares of Walter Energy (NYSE:WLT) traded today at $3.05, breaking its 52-week low. So ...

Recent 52-Week High Exceeded in Shares o...

Shares of WellPoint (NYSE:WLP) traded today at $121.59, breaking its 52-week high. So ...

Wells Fargo Looks to Continue to Trade A...

Shares of Wells Fargo (NYSE:WFC) traded today at $53.32, breaking its 52-week high. Th ...

Shares of Waste Connections Rise Above P...

Shares of Waste Connections (NYSE:WCN) traded at a new 52-week high today of $50.66. T ...

VirnetX Holding: New 52-Week Low Set Tod...

Shares of VirnetX Holding (AMEX:VHC) traded today at $4.18, breaking its 52-week low. ...

Recent 52-Week High Exceeded in Shares o...

VF Corp (NYSE:VFC) traded today at a new 52-week high of $67.01. Approximately 926,000 ...

Shares of UQM Technologies Fall Below Pr...

UQM Technologies (AMEX:UQM) traded today at a new 52-week low of $1.22. So far today a ...

Recent 52-Week High Exceeded in Shares o...

Shares of Union Pacific (NYSE:UNP) traded today at $110.26, breaking its 52-week high. ...