Packaging Of America traded at $247.29 this Friday October 23rd, decreasing $1.63 or 0.65 percent since the previous trading session. Looking back, over the last four weeks, Packaging Of America lost 3.86 percent. Over the last 12 months, its price rose by 20.73 percent. Looking ahead, we forecast Packaging Of America to be priced at 242.05 by the end of this quarter and at 226.98 in one year, according to Trading Economics global macro models projections and analysts expectations.
Packaging Corporation of America is a producer of containerboard products and uncoated freesheet papers in North America. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a variety of containerboard and corrugated packaging products. The Paper segment manufactures and sells a range of communication-based papers. The Company operates eight mills and 89 corrugated products manufacturing plants. Its containerboard mills produce linerboard and corrugating medium, which are papers primarily used in the production of corrugated products. Its corrugated products manufacturing plants produce a variety of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays with visual appeal, and honeycomb protective packaging. It also manufactures and sells uncoated freesheet papers, including both commodity and specialty papers.