Wells Fargo & Company Raises Packaging Corporation of America (NYSE:PKG) Price Target to $234.00

Packaging Corporation of America (NYSE:PKG) had its target price boosted by equities research analysts at Wells Fargo & Company from $233.00 to $234.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 6.54% from the stock’s previous close.

Several other equities research analysts have also issued reports on PKG. JPMorgan Chase & Co. lifted their price target on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. UBS Group upped their price objective on Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Citigroup cut their price target on 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. Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Zacks Research upgraded Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $236.33.

Packaging Corporation of America Stock Performance

Shares of NYSE PKG traded up $2.02 during trading on Thursday, reaching $219.63. 100,323 shares of the stock traded hands, compared to its average volume of 976,420. The company has a 50-day moving average of $208.27 and a 200-day moving average of $206.73. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $231.12. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.16 and a quick ratio of 2.00. The stock has a market capitalization of $19.76 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 1.67 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last released 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). Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.18%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the previous year, the firm posted $2.47 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Institutional Trading of Packaging Corporation of America

Large investors have recently modified their holdings of the company. Vise Technologies Inc. purchased a new stake in Packaging Corporation of America during the 2nd quarter worth $1,306,000. Atlas FRM LLC lifted its stake in shares of Packaging Corporation of America by 59.7% in the second quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock worth $100,821,000 after acquiring an additional 200,000 shares in the last quarter. Carnegie Investment Counsel increased its holdings in shares of Packaging Corporation of America by 32.2% in the 3rd quarter. Carnegie Investment Counsel now owns 12,679 shares of the industrial products company’s stock valued at $2,763,000 after acquiring an additional 3,085 shares during the last quarter. Arvest Bank Trust Division acquired a new stake in shares of Packaging Corporation of America during the 2nd quarter worth approximately $892,000. Finally, Burney Co. grew its position in shares of Packaging Corporation of America by 349.3% during the third quarter. Burney Co. now owns 11,066 shares of the industrial products company’s stock worth $2,412,000 after acquiring an additional 8,603 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

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.