Packaging Corporation of America (NYSE:PKG) Given New $262.00 Price Target at Truist Financial

Packaging Corporation of America (NYSE:PKG) had its price target lifted by Truist Financial from $238.00 to $262.00 in a report released on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the industrial products company’s stock.

Several other brokerages have also weighed in on PKG. Wells Fargo & Company upped their price objective on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. UBS Group upped their price objective on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a “neutral” rating in a report on Tuesday, July 29th. Jefferies Financial Group cut Packaging Corporation of America from a “buy” rating to a “hold” rating and reduced their price objective for the company from $245.00 to $205.00 in a research note on Monday, June 16th. Finally, Citigroup raised their price objective on Packaging Corporation of America from $197.00 to $214.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $220.20.

Packaging Corporation of America Trading Up 0.3%

NYSE PKG opened at $212.00 on Wednesday. The business has a 50 day simple moving average of $205.47 and a 200 day simple moving average of $196.73. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82. The stock has a market capitalization of $19.08 billion, a P/E ratio of 21.16, a P/E/G ratio of 1.84 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.44 by $0.04. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the firm posted $2.20 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Research analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America’s payout ratio is 49.90%.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the company’s stock in a transaction that occurred 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Packaging Corporation of America

Hedge funds and other institutional investors have recently modified their holdings of the company. Clearstead Trust LLC lifted its holdings in shares of Packaging Corporation of America by 118.6% during the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock valued at $26,000 after buying an additional 70 shares during the period. Bruce G. Allen Investments LLC lifted its holdings in shares of 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 buying an additional 57 shares during the period. TCTC Holdings LLC lifted its holdings in shares of Packaging Corporation of America by 86.4% during the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock valued at $30,000 after buying an additional 70 shares during the period. Trust Co. of Toledo NA OH bought a new position in shares of Packaging Corporation of America during the 2nd quarter valued at $33,000. Finally, Alpine Bank Wealth Management bought a new position in shares of Packaging Corporation of America during the 1st quarter valued at $39,000. 89.78% of the stock is owned by institutional investors.

About Packaging Corporation of America

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.