PKG - Packaging Corporation of America: After A Great Run Up It's Time For A Downgrade
2024-04-21 20:07:24 ET
Summary
- Packaging Corporation of America's fundamental data is showing a decline, making shares more expensive.
- At the core of its problems are declining prices and lower product volumes.
- Analysts have low expectations for the company's upcoming financial results, predicting a decrease in revenue and earnings per share.
- Unless analysts are wrong in a big way, shares look fairly valued and likely have more limited upside moving forward.
When it comes to investing, knowing when to sell is equally important to knowing what and when to buy. I have had my fair share of cases where I bought something, shares shoot up, and before I can sell it, shares plummet to a price below what they were trading at before I purchased them. That's one of the worst feelings in the world. It's necessary for investors to learn from lessons like that and to come to understand when it makes sense to exit an opportunity. One firm, for instance, that I am now turning more neutral on is Packaging Corporation of America ( PKG )....
Packaging Corporation of America: After A Great Run Up, It's Time For A Downgrade