Packaging Corporation of America (NYSE:PKG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Packaging Corporation of America (NYSE:PKG) from a sell rating to a hold rating in a research report released on Saturday morning.

A number of other brokerages have also issued reports on PKG. Wells Fargo & Company lifted their price target on Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. raised their price objective on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday, December 29th. Zacks Research lowered shares of Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. Finally, Citigroup increased their target price on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $230.67.

Packaging Corporation of America Stock Up 0.0%

PKG stock opened at $211.20 on Friday. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $242.68. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. The firm has a 50-day simple moving average of $201.42 and a 200-day simple moving average of $204.20. The stock has a market capitalization of $19.00 billion, a P/E ratio of 21.36, a P/E/G ratio of 1.33 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the business posted $2.65 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Equities analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. Packaging Corporation of America’s payout ratio is presently 50.56%.

Hedge Funds Weigh In On Packaging Corporation of America

A number of institutional investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its stake in shares of Packaging Corporation of America by 105.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after buying an additional 59 shares during the period. Bruce G. Allen Investments LLC lifted its holdings in Packaging Corporation of America by 72.2% in the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 57 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in Packaging Corporation of America in the third quarter valued at approximately $31,000. Trust Co. of Toledo NA OH purchased a new position in Packaging Corporation of America in the second quarter worth approximately $33,000. Finally, NBT Bank N A NY acquired a new stake in Packaging Corporation of America during the third quarter worth $41,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

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.