Packaging Corporation of America (NYSE:PKG) Price Target Raised to $280.00

Packaging Corporation of America (NYSE:PKG) had its target price hoisted by Truist Financial from $270.00 to $280.00 in a report issued on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the industrial products company’s stock.

Several other research analysts also recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Packaging Corporation of America from $246.00 to $245.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 7th. Citigroup decreased their price objective on shares of Packaging Corporation of America from $254.00 to $253.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. JPMorgan Chase & Co. raised their price objective on shares of Packaging Corporation of America from $312.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, September 23rd. Weiss Ratings upgraded shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. Finally, Bank of America dropped their target price on shares of Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $271.86.

Packaging Corporation of America Trading Down 0.8%

Shares of PKG opened at $229.85 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. The company has a market cap of $20.48 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 1.99 and a beta of 0.75. The stock has a fifty day moving average price of $239.20 and a two-hundred day moving average price of $229.53. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $259.98.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the prior year, the business earned $2.48 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Analysts predict that Packaging Corporation of America will post 10.45 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.00 annualized dividend and a yield of 2.6%. Packaging Corporation of America’s dividend payout ratio is currently 77.92%.

Insiders Place Their Bets

In other Packaging Corporation of America news, VP Donald Shirley sold 12,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the transaction, the vice president directly owned 19,110 shares in the company, valued at approximately $4,791,068.10. This trade represents a 38.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas Hassfurther sold 12,531 shares of Packaging Corporation of America stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $250.00, for a total value of $3,132,750.00. Following the completion of the sale, the president directly owned 218,751 shares of the company’s stock, valued at $54,687,750. This trade represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,391 shares of company stock worth $10,196,101 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Packaging Corporation of America

Hedge funds have recently added to or reduced their stakes in the company. Greenleaf Trust boosted its stake in shares of Packaging Corporation of America by 1.7% in the 2nd quarter. Greenleaf Trust now owns 2,705 shares of the industrial products company’s stock valued at $645,000 after purchasing an additional 46 shares during the last quarter. Root Financial Partners LLC grew its position in shares of Packaging Corporation of America by 28.4% during the 1st quarter. Root Financial Partners LLC now owns 276 shares of the industrial products company’s stock worth $59,000 after buying an additional 61 shares during the period. CX Institutional raised its stake in shares of Packaging Corporation of America by 8.2% during the second quarter. CX Institutional now owns 816 shares of the industrial products company’s stock worth $195,000 after buying an additional 62 shares during the last quarter. Avidian Wealth Enterprises LLC raised its stake in shares of Packaging Corporation of America by 3.1% during the third quarter. Avidian Wealth Enterprises LLC now owns 2,110 shares of the industrial products company’s stock worth $484,000 after buying an additional 63 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in shares of Packaging Corporation of America by 4.5% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,539 shares of the industrial products company’s stock worth $318,000 after buying an additional 66 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Key Stories Impacting Packaging Corporation of America

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: Zacks Research raised its Packaging Corporation of America EPS forecasts across several periods, including Q4 2026 to $2.78 from $2.76, FY2026 to $10.44 from $10.42, FY2027 to $12.51 from $12.46, and FY2028 to $14.66 from $14.60. The revisions indicate improving analyst expectations for the company’s longer-term earnings outlook. MarketBeat analyst estimate updates
• Positive Sentiment: Zacks said PKG has the combination of factors that could support an earnings beat in next week’s report, while Wall Street expects earnings growth. A better-than-expected result or stronger guidance could provide a catalyst for the shares. Packaging Corp. Reports Next Week
• Positive Sentiment: A Truist Financial analyst reportedly expects PKG’s stock price to rise, adding to the favorable analyst tone ahead of the earnings announcement. Truist Financial analyst outlook
• Neutral Sentiment: Packaging Corporation of America is projected to release earnings on Wednesday. The event creates an important near-term test for the bullish expectations, particularly because the stock trades at a relatively high valuation of roughly 30 times earnings. Projected earnings release date

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.