Packaging Corporation of America (NYSE:PKG) Price Target Raised to $273.00 at Truist Financial

Packaging Corporation of America (NYSE:PKG) had its target price raised by equities researchers at Truist Financial from $263.00 to $273.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price objective would indicate a potential upside of 28.05% from the company’s previous close.

Several other analysts also recently commented on the company. Wall Street Zen raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday. Citigroup lifted their price target on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Zacks Research downgraded Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. increased their price target on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $234.00.

Packaging Corporation of America Stock Performance

NYSE:PKG traded up $2.07 during mid-day trading on Tuesday, reaching $213.20. 49,982 shares of the stock were exchanged, compared to its average volume of 455,151. The stock has a market capitalization of $19.18 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.33 and a beta of 0.88. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $242.68. The company has a 50 day simple moving average of $201.42 and a 200-day simple moving average of $204.20. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. Packaging Corporation of America’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Packaging Corporation of America by 1.6% during the second quarter. Vanguard Group Inc. now owns 11,204,307 shares of the industrial products company’s stock worth $2,111,452,000 after purchasing an additional 176,811 shares during the last quarter. State Street Corp raised its holdings in shares of Packaging Corporation of America by 0.8% during the third quarter. State Street Corp now owns 4,130,877 shares of the industrial products company’s stock worth $905,383,000 after purchasing an additional 33,624 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Packaging Corporation of America by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,351,323 shares of the industrial products company’s stock worth $631,557,000 after buying an additional 78,619 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Packaging Corporation of America by 13.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock worth $672,357,000 after buying an additional 370,573 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Packaging Corporation of America by 2.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,954,605 shares of the industrial products company’s stock valued at $426,016,000 after buying an additional 55,784 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

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.