Analysts Set Packaging Corporation of America (NYSE:PKG) Price Target at $261.57

Packaging Corporation of America (NYSE:PKG) has been given a consensus rating of “Moderate Buy” by the ten analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $261.5714.

PKG has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Truist Financial upped their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Citigroup increased their target price 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. UBS Group decreased their price target on Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th.

Packaging Corporation of America Stock Performance

Shares of NYSE:PKG opened at $254.43 on Friday. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $258.81. The company’s 50 day moving average price is $235.59 and its two-hundred day moving average price is $225.50. The firm has a market cap of $22.67 billion, a PE ratio of 33.04, a PEG ratio of 2.42 and a beta of 0.80. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The company had revenue of $2.49 billion during 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 18.96%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities research analysts predict that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Insider Activity

In related news, President Thomas A. Hassfurther sold 12,531 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the sale, the president owned 218,751 shares in the company, valued at approximately $54,687,750. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 30,594 shares of company stock worth $7,405,042. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Packaging Corporation of America

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