Is Wall Street Bullish or Bearish on Packaging Corporation Stock?

Founded in 1867 and headquartered in Lake Forest, Illinois, Packaging Corporation of America (PKG) is a leading producer of containerboard and corrugated packaging solutions with a market cap of $19.1 billion. The company specializes in manufacturing sustainable packaging for a wide range of industries, including retail, food and beverage, and e-commerce. 

Shares of this packaging company have outperformed the broader market over the past 52 weeks. PKG has rallied 21.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 17%. However, on a YTD basis, the stock is down 5.6%, compared to SPX’s 1.3% gains.