JPMorgan Chase & Co. Boosts Packaging Corporation of America (NYSE:PKG) Price Target to $320.00

Packaging Corporation of America (NYSE:PKG) had its price target boosted by investment analysts at JPMorgan Chase & Co. from $312.00 to $320.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 34.19% from the company’s current price.

A number of other brokerages have also issued reports on PKG. Citigroup lifted their price target on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Bank of America decreased their price target on Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, September 11th. Wells Fargo & Company restated an “equal weight” rating and set a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. UBS Group increased their target price on Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Packaging Corporation of America currently has an average rating of “Moderate Buy” and a consensus target price of $271.14.

Packaging Corporation of America Stock Performance

NYSE:PKG opened at $238.47 on Wednesday. Packaging Corporation of America has a twelve month low of $191.50 and a twelve month high of $259.98. The firm has a market capitalization of $21.25 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.04 and a beta of 0.78. 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 firm’s fifty day simple moving average is $242.61 and its 200 day simple moving average is $227.66.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company earned $2.48 earnings per share. The company’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. As a group, equities research analysts expect that Packaging Corporation of America will post 10.49 earnings per share for the current fiscal year.

Insider Transactions at Packaging Corporation of America

In other news, VP Donald Shirley sold 12,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were 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 owned 19,110 shares in the company, valued at approximately $4,791,068.10. This trade represents a 38.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Thomas Hassfurther sold 7,063 shares of Packaging Corporation of America stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the completion of the transaction, the president owned 202,891 shares in the company, valued at approximately $51,534,314. This trade represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,391 shares of company stock worth $10,196,101 over the last 90 days. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Packaging Corporation of America

A number of institutional investors have recently bought and sold shares of the stock. Ancora Advisors LLC acquired a new position in Packaging Corporation of America in the second quarter worth approximately $1,001,000. PNC Financial Services Group Inc. raised its holdings in shares of Packaging Corporation of America by 7.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 73,669 shares of the industrial products company’s stock valued at $15,634,000 after purchasing an additional 5,355 shares in the last quarter. Heartland Advisors Inc. raised its holdings in shares of Packaging Corporation of America by 47.6% during the 4th quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company’s stock valued at $8,073,000 after purchasing an additional 12,621 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Packaging Corporation of America by 29.4% in 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 last quarter. Finally, Adams Natural Resources Fund Inc. boosted its holdings in Packaging Corporation of America by 71.6% in the first quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company’s stock worth $2,695,000 after purchasing an additional 5,300 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) manufactures and sells containerboard and corrugated packaging products. Its offerings include shipping boxes, retail displays, protective packaging and other custom-designed packaging solutions used by businesses in a range of industries.

The company also produces uncoated paper products, including communication papers, office papers and specialty papers. PCA serves customers primarily across the United States and operates a network of paper mills, corrugated products plants, design centers and related facilities.

Packaging Corporation of America was established in 1999 following the acquisition of Tenneco Packaging by an investor group and its subsequent separation from Tenneco Inc Mark W.