Here's Why Packaging Corp. (PKG) is a Strong Momentum Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Packaging Corp. (PKG)
Headquartered at Lake Forest, IL, Packaging Corporation of America is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. The company operates eight mills and 86 corrugated products manufacturing plants.
PKG is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of A. Shares are up 8.1% over the past one week and up 4.5% over the past four weeks. PKG has gained 12.5% in the last one-year period as well. Looking at trading volume, an average of 714,641 shares exchanged hands over the last 20 trading days.
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A company's earnings performance is important for momentum investors as well. For fiscal 2025, one analyst revised their earnings estimate higher in the last 60 days for PKG, while the Zacks Consensus Estimate has increased $0.08 to $10.35 per share. PKG also boasts an average earnings surprise of 3.4%.
Investors should take the time to consider PKG for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Packaging Corporation of America (PKG) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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