UBS Group Upgrades Packaging Corporation of America (NYSE:PKG) to “Buy”

Packaging Corporation of America (NYSE:PKG) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a $248.00 price target on the industrial products company’s stock. UBS Group’s price target would indicate a potential upside of 21.99% from the stock’s current price.

Several other brokerages have also issued reports on PKG. Truist Financial reaffirmed a “buy” rating and set a $258.00 price objective (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. Weiss Ratings raised Packaging Corporation of America from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, May 11th. Citigroup dropped their price target on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. Finally, Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.57.

Packaging Corporation of America Stock Down 3.5%

PKG stock opened at $203.30 on Wednesday. The stock has a market cap of $18.11 billion, a P/E ratio of 24.73, a PEG ratio of 1.90 and a beta of 0.81. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. Packaging Corporation of America has a twelve month low of $184.76 and a twelve month high of $249.51. The company’s 50 day moving average is $213.13 and its two-hundred day moving average is $213.70.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.23. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Research analysts expect that Packaging Corporation of America will post 10.81 earnings per share for the current fiscal year.

Institutional Trading of Packaging Corporation of America

Several institutional investors and hedge funds have recently added to or reduced their stakes in PKG. Cornerstone Planning Group LLC increased its holdings in shares of Packaging Corporation of America by 105.4% in the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 59 shares during the period. DV Equities LLC purchased a new position in Packaging Corporation of America in the 4th quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Packaging Corporation of America in the 3rd quarter valued at $31,000. Covestor Ltd increased its stake in Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after buying an additional 91 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after buying an additional 80 shares during the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

About Packaging Corporation of America

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.