Packaging Corporation of America (NYSE:PKG) Price Target Raised to $234.00

Packaging Corporation of America (NYSE:PKG) had its price objective lifted by Wells Fargo & Company from $233.00 to $234.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

PKG has been the subject of several other reports. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. Zacks Research upgraded shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Truist Financial upped their target price on Packaging Corporation of America from $263.00 to $273.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. lifted their price target on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Finally, Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $236.00.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $222.77 on Thursday. The business has a fifty day moving average price of $209.35 and a two-hundred day moving average price of $207.01. The stock has a market capitalization of $20.04 billion, a PE ratio of 25.99, a P/E/G ratio of 1.66 and a beta of 0.88. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.16 and a quick ratio of 2.00. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $231.12.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.43 billion. Packaging Corporation of America had a return on equity of 19.18% and a net margin of 8.61%.The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. As a group, equities analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, December 15th. Packaging Corporation of America’s dividend payout ratio is presently 58.34%.

Institutional Trading of Packaging Corporation of America

Hedge funds and other institutional investors have recently made changes to their positions in the company. Benchmark Financial Wealth Advisors LLC raised its holdings in Packaging Corporation of America by 2.1% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock valued at $484,000 after buying an additional 48 shares during the last quarter. World Investment Advisors raised its stake in shares of Packaging Corporation of America by 4.1% during the third quarter. World Investment Advisors now owns 1,279 shares of the industrial products company’s stock valued at $279,000 after acquiring an additional 50 shares during the last quarter. River Street Advisors LLC raised its stake in shares of Packaging Corporation of America by 1.0% during the fourth quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock valued at $1,106,000 after acquiring an additional 51 shares during the last quarter. Advyzon Investment Management LLC lifted its holdings in shares of Packaging Corporation of America by 3.3% during the second quarter. Advyzon Investment Management LLC now owns 1,608 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 52 shares during the period. Finally, Argent Advisors Inc. grew its stake in shares of Packaging Corporation of America by 1.9% in the third quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company’s stock worth $622,000 after purchasing an additional 52 shares during the last quarter. 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.