Packaging & Containers: Crown Holdings (NYSE:CCK), Packaging Corp Of America (NYSE:PKG), MeadWestvaco (NYSE:MWV), International Paper Company (NYSE:IP)

Posted by on Apr 16, 2014

Crown Holdings Inc (NYSE:CCK) shares hit a new 52-week high during mid-day trading on Tuesday after Barclays raised their price target on the stock from $48.00 to $51.00, Analyst Ratings Network reports. Barclays currently has an overweight rating on the stock. Crown Holdings, Inc. (NYSE:CCK) shares after opening at $44.83 moved to $46.04 on last trade day and at the end of the day closed at $ 45.94. Company price to sales ratio in past twelve months was calculated as 0.73 and price to cash ratio as 9.23. Crown Holdings, Inc. (NYSE:CCK) showed a positive weekly performance of 2.48%.

Packaging Corp Of America (NYSE:PKG) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. Zacks currently has $77.10 target price on the stock. Packaging Corp Of America (NYSE:PKG) shares advanced 0.13% in last trading session and ended the day on $67.59. PKG return on equity ratio is recorded as 39.10% and its return on assets is 13.40%. Packaging Corp Of America (NYSE:PKG) yearly performance is 56.86%.

MeadWestvaco Corporation (NYSE:MWV), a global leader in packaging and packaging solutions will release its first quarter 2014 results on Wednesday, April 30, 2014, before the market opens. The news release and slides for the results will be available on MWV’s website at www.mwv.com. MeadWestvaco Corp. (NYSE:MWV) shares moved up 1.17% in last trading session and was closed at $38.06 while trading in range of $37.31 – $38.07 – MeadWestvaco Corp. (NYSE:MWV) year to date (YTD) performance is 6.85%.

International Paper Company (NYSE:IP) was downgraded by Longbow Research from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. International Paper Company (NYSE:IP) weekly performance is -1.01%. On last trading day company shares ended up $44.88. International Paper Company (NYSE:IP) distance from 50-day simple moving average (SMA50) is -4.54%. Analysts mean target price for the company is $56.07.

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