Packaging Corporation of America (NYSE:PKG) Stock Has Average Target Price of $271.14 According to Analysts

Packaging Corporation of America (NYSE:PKG) has received a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $271.14.

A number of equities analysts have recently weighed in on PKG shares. Citigroup upped their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. lifted their price target on shares of Packaging Corporation of America from $312.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, September 23rd. Bank of America decreased their price target on shares of Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, September 11th. Weiss Ratings upgraded shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th.

Packaging Corporation of America Stock Performance

Shares of Packaging Corporation of America stock opened at $233.31 on Friday. The business has a 50-day simple moving average of $243.26 and a 200 day simple moving average of $228.13. Packaging Corporation of America has a one year low of $191.50 and a one year high of $259.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. The firm has a market capitalization of $20.79 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 2.01 and a beta of 0.78.

Packaging Corporation of America (NYSE:PKG) last announced 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. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the company earned $2.48 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, research analysts anticipate that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 15th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Packaging Corporation of America’s dividend payout ratio is currently 77.92%.

Insider Activity

In related news, President Thomas Hassfurther sold 12,531 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $250.00, for a total value of $3,132,750.00. Following the transaction, the president owned 218,751 shares of the company’s stock, valued at approximately $54,687,750. This trade represents a 5.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Donald Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the transaction, the vice president owned 19,110 shares of the company’s stock, valued at $4,791,068.10. This trade represents a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 40,391 shares of company stock worth $10,196,101. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Packaging Corporation of America

Institutional investors have recently bought and sold shares of the stock. Greenleaf Trust increased its holdings in Packaging Corporation of America by 1.7% during the second quarter. Greenleaf Trust now owns 2,705 shares of the industrial products company’s stock worth $645,000 after buying an additional 46 shares during the last quarter. Root Financial Partners LLC grew its position in shares of Packaging Corporation of America by 28.4% during the 1st quarter. Root Financial Partners LLC now owns 276 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 61 shares during the period. CX Institutional grew its position in shares of Packaging Corporation of America by 8.2% during the 2nd quarter. CX Institutional now owns 816 shares of the industrial products company’s stock valued at $195,000 after acquiring an additional 62 shares during the period. Phillips Wealth Planners LLC increased its stake in shares of Packaging Corporation of America by 5.9% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,136 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 63 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in shares of Packaging Corporation of America by 4.5% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,539 shares of the industrial products company’s stock worth $318,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.