Packaging Corporation of America (NYSE:PKG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Packaging Corporation of America (NYSE:PKG) had its target price hoisted by investment analysts at JPMorgan Chase & Co. from $269.00 to $271.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 6.91% from the stock’s previous close.

Several other equities analysts have also recently issued reports on PKG. Wells Fargo & Company reiterated an “equal weight” rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft raised 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. Truist Financial lifted their price target on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Finally, UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $232.00 to $248.00 in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Packaging Corporation of America has an average rating of “Moderate Buy” and a consensus price target of $256.43.

Packaging Corporation of America Stock Up 8.4%

Shares of NYSE:PKG opened at $253.48 on Friday. The company has a market cap of $22.59 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 2.37 and a beta of 0.80. The firm’s 50-day simple moving average is $227.44 and its 200-day simple moving average is $222.70. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. Packaging Corporation of America has a fifty-two week low of $189.03 and a fifty-two week high of $254.49.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.04. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities research analysts predict that Packaging Corporation of America will post 10.5 earnings per share for the current year.

Insider Activity at Packaging Corporation of America

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

Hedge Funds Weigh In On Packaging Corporation of America

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Benchmark Financial Wealth Advisors LLC raised its holdings in shares of Packaging Corporation of America by 2.1% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock worth $484,000 after buying an additional 48 shares in the last quarter. River Street Advisors LLC lifted its position in shares of Packaging Corporation of America by 1.0% during the 4th quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock worth $1,106,000 after buying an additional 51 shares during the period. Smartleaf Asset Management LLC boosted its stake in Packaging Corporation of America by 5.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock valued at $218,000 after buying an additional 52 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in Packaging Corporation of America by 2.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock valued at $398,000 after buying an additional 54 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 57 shares during the period. 89.78% of the stock is owned by institutional investors and hedge funds.

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.