Packaging Corporation of America (NYSE:PKG) Price Target Raised to $292.00 at UBS Group

Packaging Corporation of America (NYSE:PKG) had its price target boosted by research analysts at UBS Group from $271.00 to $292.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. UBS Group’s price target would suggest a potential upside of 13.44% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Bank of America upped their target price on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. boosted their price objective on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price objective for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. Truist Financial lifted their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings cut Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Packaging Corporation of America Stock Performance

NYSE:PKG traded up $1.10 on Thursday, hitting $257.41. The stock had a trading volume of 375,739 shares, compared to its average volume of 872,249. The stock has a market cap of $22.93 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 2.43 and a beta of 0.80. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. The business’s 50-day simple moving average is $236.86 and its two-hundred day simple moving average is $226.03. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $259.98.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the firm earned $2.48 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, research analysts predict that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Insider Transactions at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,531 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total value of $3,132,750.00. Following the transaction, the president directly owned 218,751 shares of the company’s stock, valued at approximately $54,687,750. The trade was a 5.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the transaction, the chief executive officer owned 473,610 shares of the company’s stock, valued at $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 37,657 shares of company stock valued at $9,199,044. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Packaging Corporation of America

Several institutional investors have recently bought and sold shares of PKG. BlackRock Inc. purchased a new stake in shares of Packaging Corporation of America in the second quarter worth about $1,837,506,000. Bank of New York Mellon Corp bought a new stake in Packaging Corporation of America in the 2nd quarter worth approximately $748,095,000. Atlas FRM LLC bought a new stake in Packaging Corporation of America in the 2nd quarter worth approximately $365,164,100,000. Norges Bank purchased a new stake in shares of Packaging Corporation of America during the 4th quarter worth approximately $237,649,000. Finally, Diamant Asset Management Inc. boosted its position in shares of Packaging Corporation of America by 19,710.3% during the 1st quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company’s stock valued at $189,607,000 after acquiring an additional 888,936 shares during 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 (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.