shares of packaging corp of america nysepkg hit a new 52week high during trading on thursday , analyst ratings.net reports. the stock traded as high as 79.17 and last traded at 79.07, with a volume of 397,618 shares. the stock had previously closed at 77.95.a number of research firms have recently commented on pkg. 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 assigned a buy rating to the company. the company presently has a consensus rating of &ldquobuy&rdquo and an average target price of 76.38.the stock&rsquos 50day moving average is 74.14 and its 200day moving average is 68.9. the company has a market cap of 7.684 billion and a pe ratio of 14.78.packaging corp of america nysepkg last issued its quarterly earnings data on monday, october 20th. the company reported 1.26 earnings per share for the quarter, meeting the analysts&rsquo 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 last year, the company posted 0.91 earnings per share. packaging corp of america&rsquos revenue was up 79.7 compared to the same quarter last year. on average, analysts predict that packaging corp of america will post 4.66 earnings per share for the current fiscal year.the company also recently announced a quarterly dividend, which is scheduled for thursday, january 15th. shareholders of record on friday, december 19th will be paid a dividend of 0.40 per share. this represents a 1.60 annualized dividend and a dividend yield of 2.05. the exdividend date 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 & 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 and related companies with analyst ratings network&39s free daily email newsletter. 
