Packaging Corporation of America (NYSE:PKG) Price Target Raised to $254.00

Packaging Corporation of America (NYSE:PKG) had its target price upped by Citigroup from $241.00 to $254.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

PKG has been the topic of a number of other reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Truist Financial boosted their price target on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price objective on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. UBS Group dropped their price objective on Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, Bank of America lifted their target price on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $261.57.

Packaging Corporation of America Stock Down 0.4%

Shares of Packaging Corporation of America stock opened at $248.50 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. Packaging Corporation of America has a 52-week low of $189.03 and a 52-week high of $258.81. The company has a market capitalization of $22.14 billion, a P/E ratio of 32.27, a P/E/G ratio of 2.36 and a beta of 0.80. The company has a 50 day moving average of $230.69 and a 200 day moving average of $223.85.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the firm posted $2.48 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, research analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were given a $1.50 dividend. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 15th. This represents a $6.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America’s payout ratio is currently 77.92%.

Insider Buying and Selling

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the sale, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PKG. G&S Capital LLC raised its holdings in shares of Packaging Corporation of America by 132.3% in 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 grew its holdings in shares of Packaging Corporation of America by 6.4% during the second quarter. Handelsbanken Fonder AB now owns 58,030 shares of the industrial products company’s stock worth $13,827,000 after buying an additional 3,482 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Packaging Corporation of America during the second quarter worth about $224,000. Baring Financial LLC acquired a new position in Packaging Corporation of America in the 2nd quarter valued at about $224,000. Finally, First Heartland Consultants Inc. acquired a new position in Packaging Corporation of America in the 2nd quarter valued at about $264,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

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.