Packaging Corporation of America (NYSE:PKG) Price Target Lowered to $226.00 at Wells Fargo & Company

Packaging Corporation of America (NYSE:PKG) had its price target reduced by Wells Fargo & Company from $234.00 to $226.00 in a report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

Several other research analysts also recently commented on the company. Zacks Research raised Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Truist Financial dropped their price target on Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. UBS Group lifted their price target on Packaging Corporation of America from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. 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. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.29.

Packaging Corporation of America Stock Performance

Shares of NYSE PKG opened at $203.39 on Tuesday. The company has a quick ratio of 1.94, a current ratio of 3.17 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $223.56 and its two-hundred day moving average is $212.94. The company has a market cap of $18.11 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.53 and a beta of 0.90. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $249.51.

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 the consensus estimate of $2.41 by ($0.09). The business 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 19.22% and a net margin of 8.61%.The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, equities analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, March 13th. Packaging Corporation of America’s dividend payout ratio is 58.34%.

Insiders Place Their Bets

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $230.50, for a total value of $2,795,734.50. Following the sale, the president directly owned 197,062 shares in the company, valued at $45,422,791. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Trading of Packaging Corporation of America

Large investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new stake in Packaging Corporation of America in the third quarter valued at $485,000. Envestnet Asset Management Inc. boosted its stake in Packaging Corporation of America by 10.0% in the third quarter. Envestnet Asset Management Inc. now owns 220,499 shares of the industrial products company’s stock worth $48,053,000 after purchasing an additional 20,016 shares in the last quarter. Carnegie Investment Counsel boosted its stake in Packaging Corporation of America by 32.2% in the third quarter. Carnegie Investment Counsel now owns 12,679 shares of the industrial products company’s stock worth $2,763,000 after purchasing an additional 3,085 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Packaging Corporation of America by 119.9% in the third quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock worth $406,082,000 after purchasing an additional 1,015,894 shares in the last quarter. Finally, National Pension Service boosted its stake in Packaging Corporation of America by 25.1% in the third quarter. National Pension Service now owns 46,998 shares of the industrial products company’s stock worth $10,242,000 after purchasing an additional 9,444 shares in 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.