Packaging Corporation of America (NYSE:PKG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Packaging Corporation of America (NYSE:PKG) have been given an average rating of “Moderate Buy” by the ten analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $236.5714.

A number of equities research analysts have recently commented on PKG shares. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Weiss Ratings upgraded shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lifted their price target on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Wells Fargo & Company lowered their price target on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Finally, UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th.

Institutional Investors Weigh In On Packaging Corporation of America

A number of hedge funds and other institutional investors have recently modified their holdings of PKG. SHUTTLEWORTH & Co grew its holdings in Packaging Corporation of America by 1.4% in the first quarter. SHUTTLEWORTH & Co now owns 10,287 shares of the industrial products company’s stock valued at $2,183,000 after purchasing an additional 147 shares during the period. SOA Wealth Advisors LLC. purchased a new stake in Packaging Corporation of America in the first quarter valued at approximately $82,000. Dayah Capital LLC purchased a new stake in Packaging Corporation of America in the first quarter valued at approximately $3,183,000. Bank of America Corp DE grew its holdings in Packaging Corporation of America by 2.6% in the first quarter. Bank of America Corp DE now owns 1,518,100 shares of the industrial products company’s stock valued at $322,171,000 after purchasing an additional 39,118 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in Packaging Corporation of America by 4.7% in the first quarter. Arkadios Wealth Advisors now owns 2,327 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 104 shares during the period. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $215.84 on Monday. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. The stock has a market cap of $19.23 billion, a P/E ratio of 26.26, a PEG ratio of 1.95 and a beta of 0.81. The company has a 50-day moving average of $212.64 and a two-hundred day moving average of $214.09. Packaging Corporation of America has a 12-month low of $184.76 and a 12-month high of $249.51.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, research analysts predict that Packaging Corporation of America will post 10.81 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, June 15th. Packaging Corporation of America’s payout ratio is presently 60.83%.

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.