Brokerages Set Packaging Corporation of America (NYSE:PKG) PT at $253.00

Shares of Packaging Corporation of America (NYSE:PKG) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $256.1429.

Several equities research analysts have weighed in on the company. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Bank of America lifted their price objective on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. upped 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 research note on Thursday, July 9th.

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the sale, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Packaging Corporation of America

A number of institutional investors and hedge funds have recently modified their holdings of the company. G&S Capital LLC increased its holdings in Packaging Corporation of America by 132.3% in the second quarter. G&S Capital LLC now owns 13,439 shares of the industrial products company’s stock valued at $3,202,000 after buying an additional 7,655 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Packaging Corporation of America by 6.4% in the second quarter. Handelsbanken Fonder AB now owns 58,030 shares of the industrial products company’s stock valued at $13,827,000 after buying an additional 3,482 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Packaging Corporation of America during the 2nd quarter worth about $224,000. Baring Financial LLC purchased a new stake in Packaging Corporation of America during the 2nd quarter worth about $224,000. Finally, First Heartland Consultants Inc. acquired a new position in shares of Packaging Corporation of America during the 2nd quarter worth about $264,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

NYSE:PKG opened at $233.11 on Tuesday. Packaging Corporation of America has a 52 week low of $189.03 and a 52 week high of $249.51. The company has a fifty day simple moving average of $225.84 and a two-hundred day simple moving average of $221.78. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. The company has a market cap of $20.77 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 2.17 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 (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.23. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, equities analysts anticipate that Packaging Corporation of America will post 10.46 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were issued a dividend of $1.50 per share. This is a boost 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 annualized dividend and a yield of 2.6%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 72.99%.

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.