Citigroup Cuts Packaging Corporation of America (NYSE:PKG) Price Target to $226.00

Packaging Corporation of America (NYSE:PKG) had its price target cut by Citigroup from $229.00 to $226.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the stock. Truist Financial raised their price target on shares of Packaging Corporation of America from $263.00 to $273.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Zacks Research downgraded Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. Finally, Wells Fargo & Company raised Packaging Corporation of America from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $222.00 to $233.00 in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.33.

Packaging Corporation of America Price Performance

Shares of Packaging Corporation of America stock opened at $214.00 on Tuesday. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $242.68. The stock has a market capitalization of $19.26 billion, a P/E ratio of 21.64, a PEG ratio of 1.57 and a beta of 0.88. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84. The business’s fifty day moving average price is $202.09 and its 200 day moving average price is $204.46.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly 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). The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.29 billion. Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.65 earnings per share. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, research analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th will be paid a dividend of $1.25 per share. The ex-dividend date is Monday, December 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 50.56%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PKG. Norges Bank purchased a new stake in Packaging Corporation of America during the 2nd quarter worth approximately $225,478,000. Millennium Management LLC grew its position in shares of Packaging Corporation of America by 223.6% during the third quarter. Millennium Management LLC now owns 1,516,562 shares of the industrial products company’s stock worth $330,504,000 after buying an additional 1,047,902 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Packaging Corporation of America by 119.9% in the third quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock worth $406,082,000 after buying an additional 1,015,894 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Packaging Corporation of America by 70.6% in the second quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company’s stock worth $350,539,000 after buying an additional 769,806 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Packaging Corporation of America by 13.7% in the third quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock valued at $672,357,000 after acquiring an additional 370,573 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.