Packaging Corporation of America (NYSE:PKG) Price Target Raised to $270.00

Packaging Corporation of America (NYSE:PKG) had its target price increased by Truist Financial from $258.00 to $270.00 in a report issued on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the industrial products company’s stock.

A number of other brokerages also recently weighed in on PKG. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price target for the company from $225.00 to $256.00 in a report on Monday, May 4th. Bank of America lifted their price objective on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th. Citigroup increased their target price on shares of Packaging Corporation of America from $229.00 to $241.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Packaging Corporation of America from $246.00 to $269.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and an average target price of $256.14.

Packaging Corporation of America Stock Down 0.4%

PKG opened at $233.11 on Wednesday. Packaging Corporation of America has a one year low of $189.03 and a one year high of $249.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The stock’s fifty day moving average is $225.84 and its 200-day moving average is $221.78. The company has a market capitalization of $20.77 billion, a PE ratio of 28.36, a P/E/G ratio of 2.18 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the firm posted $2.31 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, equities analysts predict that Packaging Corporation of America will post 10.46 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were given a $1.50 dividend. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.6%. Packaging Corporation of America’s dividend payout ratio is 72.99%.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the sale, the chief executive officer owned 473,610 shares in the company, valued at approximately $102,811,258.80. The trade was a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Packaging Corporation of America by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock worth $2,326,159,000 after purchasing an additional 51,790 shares during the period. State Street Corp lifted its holdings in shares of Packaging Corporation of America by 1.3% in the fourth quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock valued at $868,349,000 after purchasing an additional 54,884 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Packaging Corporation of America by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock valued at $717,372,000 after purchasing an additional 83,978 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Packaging Corporation of America by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock worth $683,997,000 after buying an additional 231,474 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Packaging Corporation of America by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,816,736 shares of the industrial products company’s stock worth $580,897,000 after buying an additional 73,047 shares during the period. 89.78% of the stock is owned by hedge funds and other 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.