Packaging Corporation of America (NYSE:PKG) Receives Consensus Recommendation of “Hold” from Brokerages

Packaging Corporation of America (NYSE:PKG) has been given an average rating of “Hold” by the nine brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $230.6667.

A number of analysts have recently weighed in on the stock. Truist Financial boosted their target price on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Wall Street Zen cut Packaging Corporation of America from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday. JPMorgan Chase & Co. lifted their target price on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Finally, UBS Group increased their price target on Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 24th.

Packaging Corporation of America Stock Up 0.2%

NYSE PKG opened at $207.33 on Friday. The stock has a 50 day moving average price of $201.22 and a 200-day moving average price of $203.14. Packaging Corporation of America has a one year low of $172.71 and a one year high of $242.68. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.00 and a current ratio of 3.16. The company has a market capitalization of $18.66 billion, a P/E ratio of 20.96, a P/E/G ratio of 1.52 and a beta of 0.89.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the company earned $2.65 EPS. Packaging Corporation of America’s revenue for the quarter was up 6.0% compared to the same quarter last year. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, equities analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company 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 $1.25 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. Packaging Corporation of America’s dividend payout ratio is currently 50.56%.

Hedge Funds Weigh In On Packaging Corporation of America

Several hedge funds have recently added to or reduced their stakes in PKG. Norges Bank purchased a new stake in Packaging Corporation of America in the 2nd quarter worth about $225,478,000. Millennium Management LLC grew its stake 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 valued at $330,504,000 after buying an additional 1,047,902 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Packaging Corporation of America by 119.9% during the third quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock valued at $406,082,000 after buying an additional 1,015,894 shares during the last quarter. American Century Companies Inc. raised its holdings 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 period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Packaging Corporation of America by 13.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock worth $672,357,000 after acquiring an additional 370,573 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors.

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.