Packaging Corporation of America (NYSE:PKG) Stock Price Target Raised at Truist Financial

Packaging Corporation of America (NYSE:PKG) had its price target upped by Truist Financial from $270.00 to $280.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s target price would suggest a potential upside of 22.23% from the company’s current price.

PKG has been the topic of a number of other research reports. Bank of America dropped their target price on shares of Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, September 11th. Weiss Ratings raised Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. increased their price target on shares of Packaging Corporation of America from $312.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, September 23rd. Wells Fargo & Company lowered their target price on shares of Packaging Corporation of America from $246.00 to $245.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 7th. Finally, UBS Group lowered their price objective on shares of Packaging Corporation of America from $292.00 to $289.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Packaging Corporation of America presently has an average rating of “Moderate Buy” and an average target price of $271.86.

Packaging Corporation of America Stock Down 0.6%

Packaging Corporation of America stock traded down $1.43 during trading hours on Monday, hitting $229.08. 112,071 shares of the stock traded hands, compared to its average volume of 804,253. Packaging Corporation of America has a one year low of $191.50 and a one year high of $259.98. The firm’s 50-day moving average price is $240.67 and its two-hundred day moving average price is $229.18. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85. The company has a market cap of $20.41 billion, a PE ratio of 29.74, a PEG ratio of 1.98 and a beta of 0.75.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the business posted $2.48 EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, research analysts forecast that Packaging Corporation of America will post 10.45 EPS for the current year.

Insider Buying and Selling

In related news, VP Donald Shirley sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the completion of the transaction, the vice president directly owned 19,110 shares in the company, valued at approximately $4,791,068.10. The trade was a 38.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Thomas Hassfurther sold 12,531 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the sale, the president owned 218,751 shares in the company, valued at approximately $54,687,750. The trade was a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 40,391 shares of company stock valued at $10,196,101. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PKG. Ancora Advisors LLC purchased a new position in shares of Packaging Corporation of America in the second quarter valued at about $1,001,000. PNC Financial Services Group Inc. grew its position in shares of Packaging Corporation of America by 7.8% during the first quarter. PNC Financial Services Group Inc. now owns 73,669 shares of the industrial products company’s stock worth $15,634,000 after purchasing an additional 5,355 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Packaging Corporation of America by 29.4% during the 2nd quarter. Benjamin Edwards Inc. now owns 50,737 shares of the industrial products company’s stock valued at $12,092,000 after purchasing an additional 11,540 shares during the period. Rakuten Investment Management Inc. purchased a new position in Packaging Corporation of America in the 2nd quarter worth approximately $3,449,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Packaging Corporation of America in the 2nd quarter worth approximately $4,402,000. Institutional investors own 89.78% of the company’s stock.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.