Zacks Research Upgrades Packaging Corporation of America (NYSE:PKG) to Hold

Packaging Corporation of America (NYSE:PKG) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Wells Fargo & Company raised shares of Packaging Corporation of America from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $222.00 to $233.00 in a report on Tuesday. Truist Financial lifted their price objective on Packaging Corporation of America from $263.00 to $273.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup lowered their target price on Packaging Corporation of America from $229.00 to $226.00 and set a “neutral” rating on the stock in a research note on Tuesday. UBS Group raised their target price on Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus target price of $235.33.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $206.87 on Tuesday. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $242.68. 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 company has a market cap of $18.61 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.60 and a beta of 0.88. The company’s 50 day moving average is $201.74 and its 200 day moving average is $204.39.

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). The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $2.65 earnings per share. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, sell-side analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current year.

Hedge Funds Weigh In On Packaging Corporation of America

A number of large investors have recently bought and sold shares of PKG. Jacobs Levy Equity Management Inc. acquired a new position in shares of Packaging Corporation of America during the 1st quarter worth approximately $2,127,000. Integrated Wealth Concepts LLC grew its stake in Packaging Corporation of America by 73.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock valued at $585,000 after acquiring an additional 1,252 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Packaging Corporation of America by 165.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,469 shares of the industrial products company’s stock worth $5,043,000 after acquiring an additional 15,878 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Packaging Corporation of America during the first quarter worth $486,000. Finally, Goldman Sachs Group Inc. raised its position in Packaging Corporation of America by 31.2% during the first quarter. Goldman Sachs Group Inc. now owns 564,397 shares of the industrial products company’s stock worth $111,762,000 after acquiring an additional 134,234 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

About Packaging Corporation of America

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.