Packaging Corporation of America (NYSE:PKG) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

Packaging Corporation of America (NYSE:PKG) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued on Monday,Benzinga reports. The firm currently has a $256.00 price objective on the industrial products company’s stock, up from their prior price objective of $225.00. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 17.40% from the stock’s current price.

PKG has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their price objective on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. UBS Group upped their price objective on Packaging Corporation of America from $225.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research raised Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Argus raised Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. Finally, Citigroup cut their price objective on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $234.29.

Packaging Corporation of America Stock Up 0.0%

Shares of NYSE PKG opened at $218.06 on Monday. The firm has a market cap of $19.41 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.97 and a beta of 0.81. The company has a quick ratio of 1.94, a current ratio of 3.17 and a debt-to-equity ratio of 0.86. Packaging Corporation of America has a 52-week low of $178.30 and a 52-week high of $249.51. The business’s 50 day moving average is $215.64 and its two-hundred day moving average is $212.75.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.45 billion. Packaging Corporation of America had a return on equity of 19.20% and a net margin of 8.04%.The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Research analysts predict that Packaging Corporation of America will post 10.84 EPS for the current year.

Insider Buying and Selling at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,129 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $230.50, for a total value of $2,795,734.50. Following the transaction, the president owned 197,062 shares of the company’s stock, valued at $45,422,791. This represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Packaging Corporation of America

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Packaging Corporation of America by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock valued at $2,326,159,000 after buying an additional 51,790 shares during the last quarter. State Street Corp increased its holdings in Packaging Corporation of America by 1.3% in the fourth quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock valued at $868,349,000 after buying an additional 54,884 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Packaging Corporation of America by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock valued at $717,372,000 after buying an additional 83,978 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Packaging Corporation of America by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock valued at $683,997,000 after buying an additional 231,474 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Packaging Corporation of America by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,816,736 shares of the industrial products company’s stock valued at $580,897,000 after buying an additional 73,047 shares during the last quarter. Hedge funds and other institutional investors 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.