Packaging Corporation of America (NYSE:PKG) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Packaging Corporation of America (NYSE:PKG) from a hold rating to a sell rating in a research report report published on Saturday.

Several other research analysts also recently weighed in on PKG. Wells Fargo & Company upped their price target on Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. UBS Group upped their target price on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Citigroup raised their target price on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Truist Financial boosted 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 research note on Monday, October 13th. Finally, JPMorgan Chase & Co. raised their price objective on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $230.67.

Packaging Corporation of America Stock Down 0.5%

PKG opened at $202.96 on Friday. The firm’s 50 day simple moving average is $201.32 and its two-hundred day simple moving average is $202.85. The company has a market capitalization of $18.26 billion, a PE ratio of 20.52, a PEG ratio of 1.49 and a beta of 0.89. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $242.68. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the business posted $2.65 earnings per share. Packaging Corporation of America’s revenue for the quarter was up 6.0% compared to the same quarter last year. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, equities analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

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 paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, December 15th. Packaging Corporation of America’s payout ratio is currently 50.56%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC raised its holdings in Packaging Corporation of America by 105.4% in the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Bruce G. Allen Investments LLC grew its position in shares of Packaging Corporation of America by 72.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after buying an additional 57 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Packaging Corporation of America in the 3rd quarter worth approximately $31,000. Trust Co. of Toledo NA OH bought a new position in shares of Packaging Corporation of America during the 2nd quarter worth approximately $33,000. Finally, NBT Bank N A NY purchased a new stake in Packaging Corporation of America during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

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.