Based on the provided data and recent market activity, here's a concise analysis of PKG stock:
Technical Analysis
PKG is currently trading at $209.42 in the post-market, showing a slight recovery (+0.07%) after declining -0.45% during regular trading hours. The stock is trading significantly below its 20-day moving average of $226.79, indicating near-term bearish pressure.
Recent Events Impact
The stock recently experienced a significant decline of -9.8% on January 29, 2025, following its earnings report. Despite beating revenue estimates, PKG posted lower-than-expected adjusted earnings per share and provided profit guidance below consensus estimates, citing increased expenses across operating areas and seasonal factors.
Analyst Sentiment
Recent analyst actions show mixed but generally positive sentiment:
- Wells Fargo (Feb 10): Maintains Buy rating with PT lowered to $236 (11.7% upside)
- Truist Securities (Feb 10): Reiterates Strong Buy with PT $265 (25.4% upside)
- Citigroup (Feb 10): Maintains Hold with PT $235 (2.8% upside)
Technical Levels
Based on Fibonacci analysis:
- Immediate Support: $209.67
- Strong Support: $201.71
- Immediate Resistance: $235.45
- Strong Resistance: $243.41
Recommendation
Given the recent earnings disappointment, current technical weakness (RSI at 26.81 indicating oversold conditions), but strong analyst support, investors should HOLD PKG at current levels. While the stock appears oversold and could see a technical bounce, wait for signs of price stabilization before initiating new positions.