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investors buy shares of packaging corp of america on weakness pkg


traders bought shares of packaging corp of america nysepkg on weakness during trading on tuesday, arn reports. 27.94 million flowed into the stock on the tickup and 10.11 million flowed out of the stock on the tickdown, for a money net flow of 17.83 million into the stock. of all equities tracked, packaging corp of america had the 17th highest net inflow for the day. packaging corp of america traded down 0.68 for the day and closed at 79.01a number of analysts have recently weighed in on pkg shares. analysts at bank of america cut their price target on shares of packaging corp of america from 84.00 to 82.00 in a research note on tuesday, december 9th. they now have a &ldquobuy&rdquo rating on the stock. separately, analysts at da davidson downgraded shares of packaging corp of america from a &ldquobuy&rdquo rating to a &ldquoneutral&rdquo rating in a research note on tuesday, december 9th. they now have a 83.00 price target on the stock. they noted that the move was a valuation call. finally, analysts at citigroup inc. reiterated a &ldquobuy&rdquo rating on shares of packaging corp of america in a research note on tuesday, october 28th. they now have a 80.00 price target on the stock, up previously from 71.00. three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. the company currently has a consensus rating of &ldquobuy&rdquo and a consensus price target of 76.38.the stock&rsquos 50day moving average is 74.8 and its 200day moving average is 69.18. the company has a market cap of 7.677 billion and a pricetoearnings ratio of 15.11.packaging corp of america nysepkg last posted its quarterly earnings results on monday, october 20th. the company reported 1.26 earnings per share eps for the quarter, meeting the consensus estimate of 1.26. the company had revenue of 1.52 billion for the quarter, compared to the consensus estimate of 1.50 billion. during the same quarter in the previous year, the company posted 0.91 earnings per share. the company&rsquos revenue for the quarter was up 79.7 on a yearoveryear basis. analysts expect that packaging corp of america will post 4.66 eps for the current fiscal year.the company also recently declared a quarterly dividend, which is scheduled for thursday, january 15th. stockholders of record on friday, december 19th will be given a dividend of 0.40 per share. this represents a 1.60 dividend on an annualized basis and a yield of 2.03. the exdividend date of this dividend is wednesday, december 17th.packaging corporation of america is a producer of containerboard in the united states. the company&rsquos corrugated products manufacturing plants produce a variety of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multicolor boxes and displays.receive news &amp ratings for packaging corp of america daily enter your email address below to receive a concise daily summary of the latest news and analysts&39 ratings for packaging corp of america&nbsp