Bank of America Issues Positive Forecast for Packaging Corporation of America (NYSE:PKG) Stock Price

Packaging Corporation of America (NYSE:PKG) had its price objective lifted by Bank of America from $242.00 to $263.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other equities analysts also recently commented on PKG. UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $232.00 to $248.00 in a research note on Wednesday, May 20th. JPMorgan Chase & Co. increased their target price on Packaging Corporation of America from $246.00 to $269.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Truist Financial reiterated a “buy” rating and issued a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. Citigroup boosted their price target on Packaging Corporation of America from $229.00 to $241.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $254.43.

Packaging Corporation of America Stock Up 0.1%

NYSE:PKG opened at $225.99 on Tuesday. Packaging Corporation of America has a 1-year low of $189.03 and a 1-year high of $249.51. The company has a 50-day moving average of $225.46 and a 200 day moving average of $221.39. The firm has a market cap of $20.14 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the firm posted $2.31 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, research analysts anticipate that Packaging Corporation of America will post 10.39 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be paid a dividend of $1.50 per share. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, June 15th. This represents a $6.00 annualized dividend and a yield of 2.7%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 72.99%.

Insider Transactions at Packaging Corporation of America

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

Institutional Investors Weigh In On Packaging Corporation of America

A number of large investors have recently modified their holdings of PKG. Vanguard Group Inc. raised its stake in Packaging Corporation of America by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock worth $2,326,159,000 after acquiring an additional 51,790 shares during the last quarter. State Street Corp lifted its holdings in shares of Packaging Corporation of America by 1.3% during the fourth quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock worth $868,349,000 after purchasing an additional 54,884 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Packaging Corporation of America by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock valued at $717,372,000 after buying an additional 83,978 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Packaging Corporation of America by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock valued at $683,997,000 after buying an additional 231,474 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Packaging Corporation of America by 2.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,816,736 shares of the industrial products company’s stock worth $580,897,000 after buying an additional 73,047 shares during the period. Hedge funds and other 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.