Packaging Corporation of America (NYSE:PKG) Price Target Lowered to $260.00 at Truist Financial

Packaging Corporation of America (NYSE:PKG) had its price target trimmed by Truist Financial from $267.00 to $260.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

A number of other analysts have also weighed in on the company. Citigroup lowered their target price on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Weiss Ratings lowered Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Zacks Research upgraded Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Wells Fargo & Company lowered their target price on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Finally, Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Packaging Corporation of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $229.00.

Packaging Corporation of America Stock Down 1.3%

Packaging Corporation of America stock opened at $210.65 on Tuesday. The business has a fifty day moving average of $219.66 and a two-hundred day moving average of $212.57. 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 firm has a market cap of $18.75 billion, a P/E ratio of 24.58, a P/E/G ratio of 1.93 and a beta of 0.90. Packaging Corporation of America has a twelve month low of $176.45 and a twelve month high of $249.51.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Packaging Corporation of America had a return on equity of 19.22% and a net margin of 8.61%.The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, analysts forecast that Packaging Corporation of America will post 10.89 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, March 13th. Packaging Corporation of America’s dividend payout ratio is currently 58.34%.

Insider Activity at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 12,129 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the sale, the president owned 197,062 shares in the company, valued at approximately $45,422,791. This represents a 5.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Packaging Corporation of America

Several hedge funds have recently made changes to their positions in the company. Benchmark Financial Wealth Advisors LLC raised its holdings in shares of Packaging Corporation of America by 2.1% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 48 shares during the period. World Investment Advisors raised its holdings 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 period. River Street Advisors LLC raised its holdings 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 period. Argent Advisors Inc. raised its holdings in shares of Packaging Corporation of America by 1.9% during the third quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company’s stock valued at $622,000 after acquiring an additional 52 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Packaging Corporation of America by 5.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock valued at $218,000 after acquiring an additional 52 shares during the period. 89.78% of the stock is owned by institutional investors and hedge funds.

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.