Packaging Corporation of America (NYSE:PKG) Stock Price Expected to Rise, Bank of America Analyst Says

Packaging Corporation of America (NYSE:PKG) had its target price hoisted by investment analysts at Bank of America from $242.00 to $263.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Bank of America‘s price objective points to a potential upside of 16.99% from the company’s current price.

A number of other analysts have also recently commented on PKG. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price target for the company from $225.00 to $256.00 in a research report on Monday, May 4th. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Citigroup upped their target price on Packaging Corporation of America from $229.00 to $241.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their price target for the company from $232.00 to $248.00 in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. increased their price target on Packaging Corporation of America from $246.00 to $269.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.43.

Packaging Corporation of America Trading Down 0.5%

Shares of Packaging Corporation of America stock traded down $1.06 during midday trading on Tuesday, reaching $224.80. The company had a trading volume of 93,021 shares, compared to its average volume of 896,844. The stock has a fifty day moving average price of $225.40 and a 200 day moving average price of $221.26. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The firm has a market cap of $20.03 billion, a PE ratio of 27.35, a P/E/G ratio of 2.14 and a beta of 0.80. Packaging Corporation of America has a fifty-two week low of $189.03 and a fifty-two week high of $249.51.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, equities analysts anticipate that Packaging Corporation of America will post 10.45 earnings per share for the current year.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Packaging Corporation of America

A number of hedge funds have recently added to or reduced their stakes in the stock. G&S Capital LLC boosted its position in shares of Packaging Corporation of America by 132.3% during the second quarter. G&S Capital LLC now owns 13,439 shares of the industrial products company’s stock valued at $3,202,000 after buying an additional 7,655 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Packaging Corporation of America by 6.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 58,030 shares of the industrial products company’s stock worth $13,827,000 after acquiring an additional 3,482 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Packaging Corporation of America during the 2nd quarter worth $224,000. Baring Financial LLC bought a new stake in shares of Packaging Corporation of America in the 2nd quarter worth $224,000. Finally, First Heartland Consultants Inc. bought a new stake in shares of Packaging Corporation of America in the 2nd quarter worth $264,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Company Profile

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.