Are Wall Street Analysts Bullish on Packaging Corporation Stock?

Lake Forest, Illinois-based Packaging Corporation of America (PKG) manufactures and sells containerboard and corrugated packaging products. Valued at a market cap of $22.2 billion, the company is a leading producer of uncoated freesheet paper in North America and operates mills and corrugated products plants and related facilities. 

Shares of this packaging company have significantly outperformed the broader market over the past 52 weeks. PKG has rallied 55.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 31.8%. Moreover, on a YTD basis, the stock is up 51.6%, compared to SPX’s 25.8% gains.