Truist Financial Cuts Packaging Corporation of America (NYSE:PKG) Price Target to $270.00

Packaging Corporation of America (NYSE:PKG) had its price target decreased by Truist Financial from $273.00 to $270.00 in a report released on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the industrial products company’s stock.

PKG has been the topic of several other research reports. Weiss Ratings reiterated 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. Wells Fargo & Company lifted their price objective on Packaging Corporation of America from $233.00 to $234.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup cut their price objective on Packaging Corporation of America from $229.00 to $226.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Finally, Wall Street Zen raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.00.

Packaging Corporation of America Stock Up 1.2%

Packaging Corporation of America stock opened at $222.77 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.16 and a quick ratio of 2.00. The stock has a market capitalization of $20.04 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.66 and a beta of 0.88. The business has a 50 day simple moving average of $209.35 and a 200-day simple moving average of $207.01. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $231.12.

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

Packaging Corporation of America Dividend Announcement

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

Hedge Funds Weigh In On Packaging Corporation of America

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Packaging Corporation of America during the second quarter worth $225,478,000. Millennium Management LLC boosted its position in shares of Packaging Corporation of America by 223.6% during the 3rd quarter. Millennium Management LLC now owns 1,516,562 shares of the industrial products company’s stock valued at $330,504,000 after acquiring an additional 1,047,902 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Packaging Corporation of America by 119.9% during the 3rd 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 acquiring an additional 1,015,894 shares during the last quarter. American Century Companies Inc. grew 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 valued at $350,539,000 after purchasing an additional 769,806 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Packaging Corporation of America by 13.7% during the third quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock worth $672,357,000 after purchasing an additional 370,573 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

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.