Packaging Corporation of America (NYSE:PKG) Receives $230.67 Average Target Price from Analysts

Shares of Packaging Corporation of America (NYSE:PKG) have received an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $230.6667.

A number of brokerages have recently issued reports on PKG. 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. JPMorgan Chase & Co. raised their price objective on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Zacks Research lowered shares of Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. UBS Group increased their target price on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, Wells Fargo & Company raised their price target on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th.

Packaging Corporation of America Stock Performance

PKG opened at $208.97 on Friday. The firm’s fifty day simple moving average is $201.33 and its two-hundred day simple moving average is $203.34. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $242.68. The company has a market cap of $18.80 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 1.53 and a beta of 0.89. 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 released its earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Equities analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, December 15th. Packaging Corporation of America’s payout ratio is currently 50.56%.

Institutional Investors Weigh In On Packaging Corporation of America

Several hedge funds and other institutional investors have recently made changes to their positions in PKG. Wellington Management Group LLP grew its holdings in Packaging Corporation of America by 48.9% in the 1st quarter. Wellington Management Group LLP now owns 42,067 shares of the industrial products company’s stock valued at $8,330,000 after buying an additional 13,807 shares in the last quarter. Ieq Capital LLC boosted its position in shares of Packaging Corporation of America by 71.8% during the 1st quarter. Ieq Capital LLC now owns 11,923 shares of the industrial products company’s stock valued at $2,361,000 after acquiring an additional 4,983 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Packaging Corporation of America by 17.1% in the first quarter. Transamerica Financial Advisors LLC now owns 3,393 shares of the industrial products company’s stock valued at $672,000 after purchasing an additional 495 shares during the period. B. Metzler seel. Sohn & Co. AG increased its position in Packaging Corporation of America by 179.2% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 13,017 shares of the industrial products company’s stock worth $2,577,000 after purchasing an additional 8,354 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Packaging Corporation of America by 253.5% during the first quarter. Canada Pension Plan Investment Board now owns 25,100 shares of the industrial products company’s stock worth $4,970,000 after purchasing an additional 18,000 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

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.