JPMorgan Chase & Co. Raises Packaging Corporation of America (NYSE:PKG) Price Target to $245.00

Packaging Corporation of America (NYSE:PKG) had its price target boosted by investment analysts at JPMorgan Chase & Co. from $238.00 to $245.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 22.45% from the company’s current price.

A number of other brokerages also recently issued reports on PKG. UBS Group raised their price target on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Zacks Research lowered shares of Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Citigroup increased their price target on Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, Truist Financial lifted their price objective on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $230.67.

Packaging Corporation of America Stock Up 1.8%

Shares of PKG stock traded up $3.45 during mid-day trading on Friday, hitting $200.08. The company’s stock had a trading volume of 99,163 shares, compared to its average volume of 819,703. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.00 and a current ratio of 3.16. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $245.87. The business has a 50-day moving average price of $203.96 and a 200 day moving average price of $202.09.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.10). Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the business earned $2.65 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Research analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the completion of the sale, the chief executive officer owned 437,378 shares of the company’s stock, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC increased its holdings 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 acquiring an additional 59 shares in the last quarter. Bruce G. Allen Investments LLC boosted its position in shares of Packaging Corporation of America by 72.2% in the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 57 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Packaging Corporation of America in the third quarter worth $31,000. Trust Co. of Toledo NA OH bought a new stake in shares of Packaging Corporation of America during the 2nd quarter valued at $33,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

About Packaging Corporation of America

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.