Packaging Corporation of America (NYSE:PKG) Price Target Raised to $245.00

Packaging Corporation of America (NYSE:PKG) had its target price raised by JPMorgan Chase & Co. from $238.00 to $245.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

PKG has been the topic of several other research reports. Wells Fargo & Company upped their price target on 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. Truist Financial boosted their target price on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday, December 1st. 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 report on Monday, October 6th. Finally, UBS Group increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus target price of $230.67.

Packaging Corporation of America Stock Up 0.9%

Shares of Packaging Corporation of America stock opened at $198.36 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.16 and a quick ratio of 2.00. The company has a 50-day moving average of $203.61 and a 200 day moving average of $202.25. The firm has a market cap of $17.85 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.45 and a beta of 0.89. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $245.87.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.10). The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.29 billion. Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. Packaging Corporation of America’s payout ratio is 50.56%.

Insider Transactions at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the sale, the chief executive officer owned 437,378 shares of the company’s stock, valued at $94,460,526.66. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Packaging Corporation of America

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in Packaging Corporation of America by 108.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock valued at $468,045,000 after buying an additional 1,229,219 shares during the last quarter. Norges Bank bought a new stake in shares of Packaging Corporation of America in the second quarter worth $225,478,000. Millennium Management LLC grew its holdings in shares of Packaging Corporation of America by 223.6% in the third quarter. Millennium Management LLC now owns 1,516,562 shares of the industrial products company’s stock worth $330,504,000 after acquiring an additional 1,047,902 shares during the period. Bank of New York Mellon Corp increased its position in Packaging Corporation of America by 119.9% during the third 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 acquiring an additional 1,015,894 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Packaging Corporation of America by 46.5% in the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock valued at $601,755,000 after acquiring an additional 964,085 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

About Packaging Corporation of America

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.