Packaging Corporation of America (NYSE:PKG) Price Target Raised to $292.00

Packaging Corporation of America (NYSE:PKG) had its price objective upped by UBS Group from $271.00 to $292.00 in a report released on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the industrial products company’s stock.

PKG has been the topic of several other research reports. Bank of America upped their price objective on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price target for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. Finally, Citigroup raised their price objective on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Packaging Corporation of America currently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Packaging Corporation of America Trading Down 0.6%

Shares of PKG stock opened at $255.54 on Thursday. The firm has a 50-day moving average price of $238.16 and a 200 day moving average price of $226.45. Packaging Corporation of America has a twelve month low of $191.50 and a twelve month high of $259.98. The company has a market capitalization of $22.77 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.41 and a beta of 0.80. The company has a current ratio of 2.94, a quick ratio of 1.88 and a debt-to-equity ratio of 0.85.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Research analysts forecast that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Thomas A. Hassfurther sold 7,063 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,794,002.00. Following the completion of the sale, the president directly owned 202,891 shares in the company, valued at approximately $51,534,314. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This trade represents a 1.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 37,657 shares of company stock valued at $9,199,044. 1.60% of the stock is owned by insiders.

Institutional Trading of Packaging Corporation of America

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Caisse de depot et placement du Quebec purchased a new position in shares of Packaging Corporation of America in the 2nd quarter worth $1,102,000. Man Group plc acquired a new position in Packaging Corporation of America in the second quarter valued at $14,759,000. Jupiter Topco LLC purchased a new stake in Packaging Corporation of America during the second quarter valued at about $2,650,000. J. Goldman & Co LP purchased a new stake in Packaging Corporation of America during the second quarter valued at about $7,606,000. Finally, Hsbc Holdings PLC purchased a new stake in Packaging Corporation of America during the second quarter valued at about $38,962,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Key Packaging Corporation of America News

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: UBS raised its price target to $292 from $271 and maintained a “Buy” rating, implying roughly 14.3% upside from the referenced share price. The upgrade provides a positive valuation signal for PKG. Benzinga article
• Positive Sentiment: Zacks Research increased its FY2027 EPS forecast to $12.44 from $12.08 and its FY2028 forecast to $14.56 from $13.99. The firm also raised estimates for multiple 2027 quarters and Q2 2028, signaling improved longer-term earnings expectations for Packaging Corporation of America.
• Positive Sentiment: Zacks raised its Q4 2026 EPS estimate to $2.75 from $2.62 and its Q1 2028 estimate to $3.23 from $3.13. These revisions support the view that earnings momentum could strengthen beyond the current year.
• Neutral Sentiment: The analyst revisions are mixed for 2026: FY2026 EPS was trimmed slightly to $10.40 from $10.42, while Q3 2026 EPS was reduced to $2.91 from $3.07. The current full-year consensus remains $10.48 per share, suggesting limited immediate earnings upside.
• Negative Sentiment: Thomas Hassfurther reportedly sold 7,063 PKG shares. Insider selling can weigh modestly on sentiment, although the transaction alone does not establish a change in the company’s fundamental outlook. Thomas Hassfurther sells Packaging Corporation of America shares

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.