Packaging Corporation of America (NYSE:PKG) Given New $245.00 Price Target at JPMorgan Chase & Co.

Packaging Corporation of America (NYSE:PKG) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $238.00 to $245.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 22.45% from the company’s previous close.

Several other research analysts also recently commented on the stock. UBS Group increased their price objective on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Citigroup boosted their target price on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Zacks Research cut Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Truist Financial lifted their price objective on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $230.67.

Packaging Corporation of America Price Performance

PKG stock traded up $3.45 during midday trading on Friday, hitting $200.08. The company’s stock had a trading volume of 99,163 shares, compared to its average volume of 819,703. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $245.87. The company has a 50 day moving average of $203.96 and a two-hundred day moving average of $202.09. The firm has a market capitalization of $18.00 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.45 and a beta of 0.89.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the firm posted $2.65 EPS. Packaging Corporation of America’s quarterly revenue was up 6.0% compared to the same quarter last year. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Insider Buying and Selling at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the sale, the chief executive officer owned 437,378 shares in the company, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its stake in shares of Packaging Corporation of America by 105.4% in the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 59 shares during the period. Bruce G. Allen Investments LLC grew its holdings in Packaging Corporation of America by 72.2% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 57 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in Packaging Corporation of America in the 3rd quarter worth about $31,000. Trust Co. of Toledo NA OH bought a new stake in Packaging Corporation of America in the second quarter worth about $33,000. Finally, Geneos Wealth Management Inc. lifted its stake in Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Company Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.