Truist Financial Raises Packaging Corporation of America (NYSE:PKG) Price Target to $273.00

Packaging Corporation of America (NYSE:PKG) had its target price upped by analysts at Truist Financial from $263.00 to $273.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price objective suggests a potential upside of 31.97% from the stock’s current price.

PKG has been the subject of a number of other reports. Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. UBS Group upped their price objective on Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. JPMorgan Chase & Co. increased 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. Finally, Zacks Research cut Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $235.33.

Packaging Corporation of America Trading Down 2.3%

Shares of Packaging Corporation of America stock opened at $206.87 on Tuesday. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $242.68. The firm has a market cap of $18.61 billion, a PE ratio of 20.92, a P/E/G ratio of 1.60 and a beta of 0.88. The stock has a fifty day moving average price of $201.74 and a 200-day moving average price of $204.39. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.16 and a quick ratio of 2.00.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). The company had revenue of $2.31 billion during 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%.Packaging Corporation of America’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $2.65 earnings per share. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Equities research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PKG. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Packaging Corporation of America in the first quarter worth about $2,127,000. Integrated Wealth Concepts LLC increased its holdings in Packaging Corporation of America by 73.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock worth $585,000 after acquiring an additional 1,252 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Packaging Corporation of America by 165.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,469 shares of the industrial products company’s stock worth $5,043,000 after purchasing an additional 15,878 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Packaging Corporation of America by 2.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 11,129 shares of the industrial products company’s stock worth $2,204,000 after purchasing an additional 272 shares in the last quarter. Finally, Petrus Trust Company LTA bought a new position in Packaging Corporation of America in the 1st quarter valued at $232,000. 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.