Packaging Corporation of America (NYSE:PKG) Earns “Equal Weight” Rating from Wells Fargo & Company

Packaging Corporation of America (NYSE:PKG)‘s stock had its “equal weight” rating restated by equities researchers at Wells Fargo & Company in a report released on Thursday, Marketbeat Ratings reports. They presently have a $246.00 price target on the industrial products company’s stock, up from their prior price target of $245.00. Wells Fargo & Company‘s price objective points to a potential upside of 7.41% from the company’s current price.

Several other brokerages have also issued reports on PKG. UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $232.00 to $248.00 in a research report on Wednesday, May 20th. Truist Financial restated a “buy” rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. raised their price objective on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Citigroup cut their price objective on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $253.00.

Packaging Corporation of America Price Performance

Shares of PKG stock opened at $229.02 on Thursday. 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 has a 12-month low of $189.03 and a 12-month high of $249.51. The firm has a fifty day moving average of $225.15 and a 200-day moving average of $221.02. The firm has a market capitalization of $20.41 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 2.10 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data 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 return on equity of 19.27% and a net margin of 8.04%.The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the business posted $2.31 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, equities research analysts forecast that Packaging Corporation of America will post 10.45 earnings per share for the current year.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were 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 of the company’s stock, valued at $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PKG. Integrated Wealth Concepts LLC boosted its position in Packaging Corporation of America by 73.5% during the first quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 1,252 shares during the last quarter. Empowered Funds LLC lifted its holdings in Packaging Corporation of America by 538.6% during the 1st quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company’s stock valued at $1,248,000 after purchasing an additional 5,316 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 57 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Packaging Corporation of America by 43.6% in the second quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 537 shares during the last quarter. Finally, Cresset Asset Management LLC increased its holdings in shares of Packaging Corporation of America by 17.0% in the second quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 258 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Trending Headlines about Packaging Corporation of America

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.