Citigroup Raises Packaging Corporation of America (NYSE:PKG) Price Target to $241.00

Packaging Corporation of America (NYSE:PKG) had its target price lifted by investment analysts at Citigroup from $229.00 to $241.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price target points to a potential upside of 5.23% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings cut Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. upped their price target on shares of Packaging Corporation of America from $246.00 to $269.00 and gave the stock an “overweight” rating in a research report on Thursday. Truist Financial reaffirmed a “buy” rating and issued a $258.00 price objective (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $232.00 to $248.00 in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company restated 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 report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $253.00.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $229.02 on Thursday. The company has a market cap of $20.41 billion, a PE ratio of 27.86, a P/E/G ratio of 2.10 and a beta of 0.80. Packaging Corporation of America has a fifty-two week low of $189.03 and a fifty-two week high of $249.51. The firm has a 50-day simple moving average of $225.15 and a 200 day simple moving average of $221.02. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.23. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, sell-side analysts anticipate that Packaging Corporation of America will post 10.45 EPS for the current year.

Insider Buying and Selling at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Packaging Corporation of America

Several hedge funds have recently bought and sold shares of PKG. Benchmark Financial Wealth Advisors LLC lifted its position in shares of Packaging Corporation of America by 2.1% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock worth $484,000 after purchasing an additional 48 shares in the last quarter. River Street Advisors LLC raised its holdings in Packaging Corporation of America by 1.0% in the 4th quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock valued at $1,106,000 after acquiring an additional 51 shares during the period. Smartleaf Asset Management LLC boosted 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 acquiring an additional 52 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of Packaging Corporation of America by 2.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock worth $398,000 after acquiring an additional 54 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America News Roundup

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

• Positive Sentiment: JPMorgan Chase & Co. raised its price target on Packaging Corporation of America to $269 from $246 and kept an overweight rating, signaling the most bullish outlook among the recent notes. Packaging Corporation of America (NYSE:PKG) Given New $269.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Citigroup increased its price target to $241 from $229, while maintaining a neutral rating, suggesting modest upside from current levels. Packaging Corporation of America (NYSE:PKG) Given New $241.00 Price Target at Citigroup
• Neutral Sentiment: Wells Fargo reaffirmed its equal weight rating on PKG and slightly lifted its target to $246 from $245, indicating a largely unchanged view with limited upside. Packaging Corporation of America’s (PKG) “Equal Weight” Rating Reaffirmed at Wells Fargo & Company
• Negative Sentiment: Wells Fargo also downgraded Packaging Corporation of America from overweight to equal weight, which may temper enthusiasm despite the higher target price. Packaging Corporation of America downgraded by Wells Fargo & Company from overweight to equal weight

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.