Wells Fargo & Company Has Lowered Expectations for Packaging Corporation of America (NYSE:PKG) Stock Price

Packaging Corporation of America (NYSE:PKG) had its price target reduced by research analysts at Wells Fargo & Company from $234.00 to $226.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 7.18% from the company’s current price.

A number of other research analysts have also commented on PKG. Deutsche Bank Aktiengesellschaft started coverage on shares of Packaging Corporation of America in a research report on Wednesday, April 1st. They set a “hold” rating and a $225.00 price target for the company. Zacks Research raised Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. UBS Group upped their target price on Packaging Corporation of America from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Finally, Wall Street Zen raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and an average price target of $233.29.

Packaging Corporation of America Trading Up 3.6%

Shares of Packaging Corporation of America stock opened at $210.86 on Tuesday. The company’s 50-day moving average price is $223.44 and its 200-day moving average price is $212.93. The company has a current ratio of 3.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.86. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $249.51. The company has a market cap of $18.77 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 1.53 and a beta of 0.90.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data 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). Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.22%. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the firm posted $2.47 EPS. Packaging Corporation of America’s revenue was up 10.1% on a year-over-year basis. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, equities analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the transaction, the president directly owned 197,062 shares in the company, valued at $45,422,791. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Packaging Corporation of America

A number of institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC raised its position in Packaging Corporation of America by 105.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 59 shares during the period. DV Equities LLC purchased a new stake in Packaging Corporation of America during the fourth quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Packaging Corporation of America during the third quarter valued at about $31,000. Covestor Ltd grew its stake in shares of Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after buying an additional 91 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Packaging Corporation of America by 94.1% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after buying an additional 80 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 (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.