Packaging Corporation of America (NYSE:PKG) Receives $230.17 Average PT from Brokerages

Shares of Packaging Corporation of America (NYSE:PKG) have received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $230.1667.

Several research analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday. Wells Fargo & Company raised their price target on Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, UBS Group boosted their price objective on Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 24th.

Packaging Corporation of America Stock Up 2.8%

PKG stock opened at $198.03 on Monday. The stock has a 50-day simple moving average of $204.29 and a two-hundred day simple moving average of $202.13. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $245.87. The firm has a market capitalization of $17.82 billion, a PE ratio of 20.02, a PEG ratio of 1.49 and a beta of 0.89. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.10). The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. Packaging Corporation of America’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, equities analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. Packaging Corporation of America’s dividend payout ratio is presently 50.56%.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the completion of the transaction, the chief executive officer directly owned 437,378 shares in the company, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Packaging Corporation of America

Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its position in shares of Packaging Corporation of America by 105.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Clearstead Trust LLC boosted its stake in Packaging Corporation of America by 118.6% in the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock worth $26,000 after buying an additional 70 shares in the last quarter. Bruce G. Allen Investments LLC grew its position in Packaging Corporation of America by 72.2% during the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 57 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Packaging Corporation of America during the third quarter worth approximately $31,000. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Packaging Corporation of America in the 2nd quarter worth approximately $33,000. Institutional investors own 89.78% of the company’s stock.

About Packaging Corporation of America

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.