Truist Financial Lowers Packaging Corporation of America (NYSE:PKG) Price Target to $270.00

Packaging Corporation of America (NYSE:PKG) had its price objective cut by stock analysts at Truist Financial from $273.00 to $270.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price objective would suggest a potential upside of 22.57% from the stock’s previous close.

PKG has been the topic of a number of other research reports. Zacks Research raised Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Wells Fargo & Company upped their price target on shares of Packaging Corporation of America from $233.00 to $234.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday, December 29th. Citigroup dropped their target price on shares of Packaging Corporation of America from $229.00 to $226.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus price target of $236.00.

Packaging Corporation of America Stock Performance

PKG traded up $2.67 on Thursday, hitting $220.28. 396,405 shares of the stock traded hands, compared to its average volume of 989,035. The business has a fifty day moving average price of $208.27 and a two-hundred day moving average price of $206.73. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $19.82 billion, a PE ratio of 22.24, a P/E/G ratio of 1.67 and a beta of 0.88. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $231.12.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.18%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, research analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Packaging Corporation of America

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position 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 valued at $2,326,159,000 after buying an additional 51,790 shares during the last quarter. State Street Corp raised its holdings in shares of Packaging Corporation of America by 0.8% in the third quarter. State Street Corp now owns 4,130,877 shares of the industrial products company’s stock valued at $905,383,000 after purchasing an additional 33,624 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Packaging Corporation of America by 2.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,351,323 shares of the industrial products company’s stock worth $631,557,000 after purchasing an additional 78,619 shares in the last quarter. JPMorgan Chase & Co. grew its position in Packaging Corporation of America by 13.7% in the third quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock valued at $672,357,000 after purchasing an additional 370,573 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Packaging Corporation of America by 2.9% in the third quarter. Ameriprise Financial Inc. now owns 1,954,605 shares of the industrial products company’s stock valued at $426,016,000 after purchasing an additional 55,784 shares in the last quarter. 89.78% of the stock is currently 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.