Packaging Corporation of America (NYSE:PKG) Upgraded at Argus

Packaging Corporation of America (NYSE:PKG) was upgraded by equities research analysts at Argus to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other brokerages have also issued reports on PKG. Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday, December 29th. UBS Group increased their price objective on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Citigroup boosted their price target on shares of Packaging Corporation of America from $226.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Zacks Research raised Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Packaging Corporation of America has a consensus rating of “Moderate Buy” and an average target price of $236.00.

Packaging Corporation of America Price Performance

PKG stock opened at $231.89 on Thursday. The firm has a market cap of $20.87 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 1.77 and a beta of 0.88. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. The company’s fifty day simple moving average is $222.74 and its 200 day simple moving average is $211.78. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $249.51.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 EPS for the quarter, missing the consensus estimate of $2.41 by ($0.09). The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.43 billion. Packaging Corporation of America had a return on equity of 19.18% and a net margin of 8.61%.The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Insider Transactions at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,129 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the transaction, the president directly owned 197,062 shares in the company, valued at $45,422,791. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PKG. Norges Bank purchased a new stake in Packaging Corporation of America in the second quarter valued at approximately $225,478,000. Millennium Management LLC increased its holdings in shares of Packaging Corporation of America by 223.6% in the 3rd quarter. Millennium Management LLC now owns 1,516,562 shares of the industrial products company’s stock worth $330,504,000 after buying an additional 1,047,902 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Packaging Corporation of America by 119.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock valued at $406,082,000 after buying an additional 1,015,894 shares in the last quarter. American Century Companies Inc. raised its position in shares of Packaging Corporation of America by 70.6% during the 2nd quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company’s stock valued at $350,539,000 after buying an additional 769,806 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Packaging Corporation of America by 29.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock worth $476,270,000 after acquiring an additional 521,352 shares during the last quarter. Hedge funds and other institutional investors 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.