JPMorgan Chase & Co. Issues Positive Forecast for Packaging Corporation of America (NYSE:PKG) Stock Price

Packaging Corporation of America (NYSE:PKG) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $269.00 to $271.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 9.17% from the company’s current price.

Other equities research analysts have also issued reports about the stock. 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 research note on Thursday, July 9th. Citigroup raised their price target on Packaging Corporation of America from $229.00 to $241.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. 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. UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and increased their target price for the company from $232.00 to $248.00 in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their target price 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, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus target price of $256.43.

Packaging Corporation of America Stock Performance

PKG traded up $14.35 during midday trading on Friday, hitting $248.25. 668,309 shares of the company traded hands, compared to its average volume of 891,281. The company’s 50-day moving average is $226.61 and its 200 day moving average is $222.48. 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 firm has a market capitalization of $22.12 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 2.12 and a beta of 0.80. Packaging Corporation of America has a 52 week low of $189.03 and a 52 week high of $251.91.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping 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 posted $2.48 earnings per share. 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, research analysts expect that Packaging Corporation of America will post 10.46 EPS for the current year.

Insider Buying and Selling at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer 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 filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Packaging Corporation of America

Several large investors have recently made changes to their positions in the business. Benchmark Financial Wealth Advisors LLC raised its stake in Packaging Corporation of America by 2.1% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 48 shares during the period. River Street Advisors LLC grew its holdings in Packaging Corporation of America by 1.0% during the 4th quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock valued at $1,106,000 after buying an additional 51 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Packaging Corporation of America by 5.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock valued at $218,000 after buying an additional 52 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Packaging Corporation of America by 2.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock valued at $398,000 after buying an additional 54 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings 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 worth $39,000 after buying an additional 57 shares in the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

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.