Packaging Corporation of America (NYSE:PKG) Receives $229.86 Average Target Price from Brokerages

Shares of Packaging Corporation of America (NYSE:PKG) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $234.2857.

A number of equities research analysts have commented on PKG shares. JPMorgan Chase & Co. increased their target price on Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their price objective for the stock from $225.00 to $256.00 in a report on Monday. Citigroup decreased their price objective on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Finally, UBS Group raised their price objective on Packaging Corporation of America from $225.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $227.31 on Thursday. The business’s fifty day moving average price is $215.40 and its two-hundred day moving average price is $212.99. The stock has a market cap of $20.24 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.94 and a current ratio of 3.17. Packaging Corporation of America has a one year low of $178.32 and a one year high of $249.51.

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

Packaging Corporation of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, March 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Packaging Corporation of America’s dividend payout ratio (DPR) is 60.83%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PKG. Norges Bank purchased a new position in shares of Packaging Corporation of America in the 4th quarter worth $237,649,000. Millennium Management LLC raised its position in shares of Packaging Corporation of America by 223.6% in the 3rd quarter. Millennium Management LLC now owns 1,516,562 shares of the industrial products company’s stock worth $330,504,000 after buying an additional 1,047,902 shares during the period. Bank of New York Mellon Corp raised its position in shares of Packaging Corporation of America by 119.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock worth $406,082,000 after buying an additional 1,015,894 shares during the period. Diamant Asset Management Inc. raised its position in shares of Packaging Corporation of America by 19,710.3% in the 1st quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company’s stock worth $189,607,000 after buying an additional 888,936 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Packaging Corporation of America by 29.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock worth $476,270,000 after buying an additional 521,352 shares during the period. 89.78% of the stock is owned by hedge funds and other institutional investors.

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.