Packaging Corporation of America (NYSE:PKG) Price Target Raised to $273.00 at Truist Financial

Packaging Corporation of America (NYSE:PKG) had its price objective upped by Truist Financial from $263.00 to $273.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other research firms have also recently commented on PKG. Zacks Research cut Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a research note on Monday, December 8th. Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Finally, Wells Fargo & Company raised Packaging Corporation of America from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $222.00 to $233.00 in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.33.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $211.80 on Tuesday. The company has a 50 day simple moving average of $201.53 and a two-hundred day simple moving average of $204.37. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $242.68. The company has a market capitalization of $19.06 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 1.33 and a beta of 0.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.00 and a current ratio of 3.16.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the firm earned $2.65 earnings per share. The business’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. Analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America’s payout ratio is currently 50.56%.

Institutional Trading of Packaging Corporation of America

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Packaging Corporation of America by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 11,204,307 shares of the industrial products company’s stock worth $2,111,452,000 after buying an additional 176,811 shares during the period. State Street Corp raised its holdings in Packaging Corporation of America by 0.8% during the third quarter. State Street Corp now owns 4,130,877 shares of the industrial products company’s stock valued at $905,383,000 after acquiring an additional 33,624 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Packaging Corporation of America by 2.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,351,323 shares of the industrial products company’s stock valued at $631,557,000 after acquiring an additional 78,619 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Packaging Corporation of America by 13.7% in the third 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 period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Packaging Corporation of America by 2.9% in the third quarter. Ameriprise Financial Inc. now owns 1,954,605 shares of the industrial products company’s stock worth $426,016,000 after acquiring an additional 55,784 shares during the period. 89.78% of the stock is currently owned by institutional investors.

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.