Packaging Corporation of America (NYSE:PKG) Receives $241.83 Consensus Price Target from Analysts

Shares of Packaging Corporation of America (NYSE:PKG) have received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $241.8333.

Several analysts have recently commented on the stock. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and raised their target price for the stock from $232.00 to $248.00 in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Citigroup dropped their target price on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company reduced their price target on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. boosted their price target on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th.

Insider Buying and Selling at Packaging Corporation of America

In related news, 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 value of $2,011,463.28. Following the sale, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Packaging Corporation of America

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Benchmark Financial Wealth Advisors LLC grew its holdings in shares of Packaging Corporation of America by 2.1% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock worth $484,000 after buying an additional 48 shares in the last quarter. River Street Advisors LLC grew its holdings in shares of Packaging Corporation of America by 1.0% during the fourth quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock worth $1,106,000 after buying an additional 51 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Packaging Corporation of America by 5.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock worth $218,000 after buying an additional 52 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in Packaging Corporation of America by 2.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock valued at $398,000 after purchasing an additional 54 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Packaging Corporation of America by 40.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 57 shares during the period. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Packaging Corporation of America Stock Up 1.3%

PKG stock opened at $240.96 on Friday. Packaging Corporation of America has a one year low of $186.28 and a one year high of $249.51. The stock has a market capitalization of $21.47 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 2.22 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The company has a fifty day moving average of $220.33 and a 200-day moving average of $218.65.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter last year, the business earned $2.31 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, analysts expect that Packaging Corporation of America will post 10.46 EPS for the current year.

Packaging Corporation of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a $1.50 dividend. The ex-dividend date is Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s payout ratio is currently 72.99%.

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.