Packaging Corp Of America (NYSE:PKG) has been assigned a $136.00 price objective by equities research analysts at Stephens in a research report issued on Wednesday. The firm presently has a “buy” rating on the industrial products company’s stock. Stephens’ price target points to a potential upside of 6.25% from the company’s current price.

A number of other research firms have also recently commented on PKG. ValuEngine raised shares of Packaging Corp Of America from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Deutsche Bank reissued a “hold” rating and set a $120.00 target price (up previously from $94.00) on shares of Packaging Corp Of America in a report on Monday, October 9th. Zacks Investment Research cut shares of Packaging Corp Of America from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Wells Fargo & Co reissued a “market perform” rating and set a $130.00 target price (up previously from $115.00) on shares of Packaging Corp Of America in a report on Monday. Finally, Barclays boosted their target price on shares of Packaging Corp Of America from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $118.92.

Shares of Packaging Corp Of America (NYSE:PKG) opened at $128.00 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 1.30. The company has a market cap of $12,080.00, a P/E ratio of 23.70, a P/E/G ratio of 2.31 and a beta of 1.81. Packaging Corp Of America has a 1-year low of $85.36 and a 1-year high of $130.19.

Packaging Corp Of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.64 billion. Packaging Corp Of America had a return on equity of 29.38% and a net margin of 8.18%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $1.30 EPS. analysts expect that Packaging Corp Of America will post 5.99 earnings per share for the current fiscal year.

In other news, SVP Charles J. Carter sold 6,150 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $117.04, for a total transaction of $719,796.00. Following the completion of the transaction, the senior vice president now directly owns 24,265 shares in the company, valued at approximately $2,839,975.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas W.H. Walton sold 6,027 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $116.15, for a total transaction of $700,036.05. Following the transaction, the senior vice president now owns 32,690 shares of the company’s stock, valued at $3,796,943.50. The disclosure for this sale can be found here. Insiders have sold a total of 67,177 shares of company stock worth $1,427,532 in the last three months. Insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC grew its position in shares of Packaging Corp Of America by 11.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 271,569 shares of the industrial products company’s stock valued at $31,144,000 after purchasing an additional 27,939 shares in the last quarter. AXA grew its position in shares of Packaging Corp Of America by 21.5% during the 3rd quarter. AXA now owns 309,124 shares of the industrial products company’s stock valued at $35,450,000 after purchasing an additional 54,724 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Packaging Corp Of America by 42.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 58,686 shares of the industrial products company’s stock valued at $6,730,000 after purchasing an additional 17,462 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of Packaging Corp Of America during the 3rd quarter valued at $248,000. Finally, IFM Investors Pty Ltd purchased a new position in shares of Packaging Corp Of America during the 3rd quarter valued at $335,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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About Packaging Corp Of America

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

Analyst Recommendations for Packaging Corp Of America (NYSE:PKG)

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