Brokerages Set Packaging Corporation of America (NYSE:PKG) PT at $264.57

Shares of Packaging Corporation of America (NYSE:PKG) have been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $264.5714.

Several equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Bank of America lifted their price target 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. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. UBS Group increased their price target on Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Citigroup raised their price objective on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th.

Insiders Place Their Bets

In related news, VP Donald Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the sale, the vice president owned 19,110 shares of the company’s stock, valued at approximately $4,791,068.10. This trade represents a 38.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas Hassfurther sold 7,063 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the completion of the sale, the president directly owned 202,891 shares of the company’s stock, valued at approximately $51,534,314. The trade was a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,391 shares of company stock worth $10,196,101 in the last three months. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC increased its stake in Packaging Corporation of America by 73.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock worth $585,000 after buying an additional 1,252 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Packaging Corporation of America by 538.6% in the first quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company’s stock valued at $1,248,000 after acquiring an additional 5,316 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 57 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Packaging Corporation of America by 43.6% in the second quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 537 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its stake in shares of Packaging Corporation of America by 17.0% in the second quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company’s stock worth $336,000 after acquiring an additional 258 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Price Performance

NYSE:PKG opened at $237.51 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. The firm has a market cap of $21.16 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 2.38 and a beta of 0.78. The company has a 50 day moving average price of $242.25 and a 200-day moving average price of $227.74. Packaging Corporation of America has a 1-year low of $191.50 and a 1-year high of $259.98.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities research analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.50 per share. The ex-dividend date is Tuesday, September 15th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.5%. Packaging Corporation of America’s dividend payout ratio (DPR) is 77.92%.

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.