UBS Group Boosts Packaging Corporation of America (NYSE:PKG) Price Target to $292.00

Packaging Corporation of America (NYSE:PKG) had its price target increased by analysts at UBS Group from $271.00 to $292.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. UBS Group’s price objective would suggest a potential upside of 13.44% from the stock’s previous close.

Several other research analysts have also commented on the company. Weiss Ratings lowered Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Truist Financial lifted their price target on 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. Citigroup upped their price objective on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. increased their price objective on Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their price objective for the company from $225.00 to $256.00 in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Packaging Corporation of America Price Performance

NYSE:PKG traded up $1.10 during mid-day trading on Thursday, hitting $257.41. 375,739 shares of the stock traded hands, compared to its average volume of 872,249. The business’s 50-day moving average price is $236.86 and its 200 day moving average price is $226.03. The company has a market cap of $22.93 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 2.43 and a beta of 0.80. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $259.98. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business earned $2.48 EPS. The business’s revenue for the quarter 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. On average, analysts expect that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Insider Transactions at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’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 sale, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas A. Hassfurther sold 7,063 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the transaction, the president owned 202,891 shares in the company, valued at $51,534,314. This represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 37,657 shares of company stock valued at $9,199,044. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Packaging Corporation of America

A number of institutional investors and hedge funds have recently made changes to their positions in the business. OMERS ADMINISTRATION Corp purchased a new position in shares of Packaging Corporation of America in the 2nd quarter worth about $4,402,000. Sanctuary Advisors LLC purchased a new position in Packaging Corporation of America in the 2nd quarter worth approximately $4,260,000. Atlas FRM LLC purchased a new stake in Packaging Corporation of America during the 2nd quarter valued at $365,164,100,000. PEAK6 LLC purchased a new stake in shares of Packaging Corporation of America during the second quarter valued at $5,129,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new position in Packaging Corporation of America in the 2nd quarter worth about $425,000. Institutional investors own 89.78% of the company’s stock.

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.