Packaging Corporation of America (NYSE:PKG) Given New $269.00 Price Target at JPMorgan Chase & Co.

Packaging Corporation of America (NYSE:PKG) had its target price boosted by JPMorgan Chase & Co. from $246.00 to $269.00 in a report issued on Thursday,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

Several other equities research analysts have also recently commented on the company. Citigroup dropped their price objective on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and upped their target price for the company from $232.00 to $248.00 in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their price target for the company from $225.00 to $256.00 in a report on Monday, May 4th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $253.00.

Packaging Corporation of America Stock Up 0.2%

NYSE:PKG opened at $224.90 on Thursday. The firm has a market cap of $20.04 billion, a P/E ratio of 27.36, a P/E/G ratio of 2.10 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The firm has a 50-day simple moving average of $224.90 and a two-hundred day simple moving average of $220.97. Packaging Corporation of America has a fifty-two week low of $189.03 and a fifty-two week high of $249.51.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.23. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Analysts predict that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a $1.50 dividend. The ex-dividend date is Monday, June 15th. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a yield of 2.7%. Packaging Corporation of America’s payout ratio is 72.99%.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Packaging Corporation of America

Institutional investors have recently bought and sold shares of the stock. DV Equities LLC bought a new stake in Packaging Corporation of America during the 4th quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Packaging Corporation of America during the third quarter valued at approximately $31,000. Covestor Ltd boosted its position in shares of Packaging Corporation of America by 140.0% in the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position 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 purchasing an additional 80 shares during the period. Finally, Navalign LLC purchased a new stake in shares of Packaging Corporation of America in the fourth quarter worth $36,000. 89.78% of the stock is owned by institutional investors.

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.