Truist Financial Issues Pessimistic Forecast for Packaging Corporation of America (NYSE:PKG) Stock Price

Packaging Corporation of America (NYSE:PKG) had its price objective dropped by Truist Financial from $267.00 to $260.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price objective would indicate a potential upside of 21.69% from the stock’s current price.

A number of other research firms have also weighed in on PKG. Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Packaging Corporation of America in a research note on Wednesday, April 1st. They set a “hold” rating and a $225.00 price objective for the company. Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Zacks Research upgraded Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Wells Fargo & Company lowered their target price on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $229.00.

Packaging Corporation of America Trading Up 0.1%

PKG stock opened at $213.66 on Tuesday. The company has a current ratio of 3.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.86. Packaging Corporation of America has a 12-month low of $176.45 and a 12-month high of $249.51. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.93 and a beta of 0.90. The business’s 50-day moving average is $220.28 and its 200 day moving average is $212.60.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.41 by ($0.09). Packaging Corporation of America had a return on equity of 19.22% and a net margin of 8.61%.The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the previous year, the firm posted $2.47 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, sell-side analysts anticipate that Packaging Corporation of America will post 10.89 EPS for the current fiscal year.

Insider Activity at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,129 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the transaction, the president owned 197,062 shares in the company, valued at approximately $45,422,791. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Packaging Corporation of America

Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Planning Group LLC grew its stake in shares of Packaging Corporation of America by 105.4% during 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. DV Equities LLC acquired a new position in shares of Packaging Corporation of America during the fourth quarter worth $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Packaging Corporation of America during the third quarter worth $31,000. Covestor Ltd grew its stake in shares of Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 91 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of Packaging Corporation of America by 94.1% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 80 shares in 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.