Packaging Corp of America (PKG) shares recently surpassed the average analyst 12-month target price of $190.83, trading at $190.98 per share. This moment marks a pivotal point prompting analysts to consider either downgrading the stock or adjusting their price targets higher based on recent company performance and market conditions.
The Zacks coverage universe features six analyst targets, with the lowest at $179.00 and the highest at $208.00. Notably, the average target includes a standard deviation of $10.534, reflecting varied expectations. Currently, the analyst ratings breakdown consists of three “Strong Buy,” four “Hold,” and no “Sell” or “Strong Sell” ratings; the average rating stands at 2.14 on a scale where 1 is “Strong Buy” and 5 is “Strong Sell.”
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
