Citigroup Issues Pessimistic Forecast for Packaging Corporation of America (NYSE:PKG) Stock Price

Packaging Corporation of America (NYSE:PKG) had its price target reduced by equities research analysts at Citigroup from $227.00 to $217.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price objective points to a potential upside of 4.93% from the stock’s previous close.

PKG has been the subject of a number of other research reports. Zacks Research upgraded shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Wells Fargo & Company lowered their target price on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Truist Financial lowered their target price on shares of Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. UBS Group lowered their target price on shares of Packaging Corporation of America from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Packaging Corporation of America in a research note on Wednesday, April 1st. They set a “hold” rating and a $225.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus target price of $230.00.

Packaging Corporation of America Stock Down 1.5%

Shares of NYSE PKG opened at $206.81 on Tuesday. The stock has a market cap of $18.41 billion, a P/E ratio of 24.13, a PEG ratio of 1.89 and a beta of 0.90. The company has a current ratio of 3.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.86. Packaging Corporation of America has a 12-month low of $176.45 and a 12-month high of $249.51. The business’s fifty day simple moving average is $221.78 and its 200-day simple moving average is $212.72.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.41 by ($0.09). The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.22%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.47 earnings per share. 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 EPS for the current fiscal year.

Insider Transactions at Packaging Corporation of America

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 shares were sold at an average price of $230.50, for a total value of $2,795,734.50. Following the completion of the transaction, the president 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Packaging Corporation of America

Large investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC boosted its stake in Packaging Corporation of America by 105.4% in the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. DV Equities LLC acquired a new position in Packaging Corporation of America in the fourth quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Packaging Corporation of America in the third quarter valued at $31,000. Covestor Ltd boosted its stake in Packaging Corporation of America by 140.0% in the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in Packaging Corporation of America by 94.1% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

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.