Packaging Corporation of America (NYSE:PKG) Given New $271.00 Price Target at JPMorgan Chase & Co.

Packaging Corporation of America (NYSE:PKG) had its price objective upped by JPMorgan Chase & Co. from $269.00 to $271.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

A number of other brokerages have also recently weighed in on PKG. Truist Financial raised their price objective on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Wells Fargo & Company reiterated an “equal weight” rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their price target for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. Bank of America upped their price objective on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $256.43.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $253.48 on Friday. The business’s 50 day simple moving average is $227.44 and its 200-day simple moving average is $222.70. The firm has a market capitalization of $22.59 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. Packaging Corporation of America has a 12 month low of $189.03 and a 12 month high of $254.49.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the business posted $2.48 EPS. Packaging Corporation of America’s quarterly revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities analysts forecast 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. Investors of record on Monday, June 15th were paid a dividend of $1.50 per share. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, June 15th. This represents a $6.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America’s payout ratio is presently 77.92%.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Packaging Corporation of America

A number of hedge funds and other institutional investors have recently modified their holdings of the business. DV Equities LLC acquired a new position in shares of Packaging Corporation of America in the 4th quarter valued at approximately $26,000. Covestor Ltd boosted its stake in shares of Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after buying an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in shares of Packaging Corporation of America by 94.1% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after buying an additional 80 shares in the last quarter. Navalign LLC acquired a new stake in shares of Packaging Corporation of America during the fourth quarter worth approximately $36,000. Finally, Oslo Pensjonsforsikring AS bought a new stake in shares of Packaging Corporation of America in the first quarter worth $41,000. 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.