Citigroup Has Lowered Expectations for Packaging Corporation of America (NYSE:PKG) Stock Price

Packaging Corporation of America (NYSE:PKG) had its price objective lowered by analysts at Citigroup from $229.00 to $226.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s target price points to a potential upside of 5.85% from the company’s current price.

Several other analysts have also recently commented on the company. Wells Fargo & Company upgraded Packaging Corporation of America from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $222.00 to $233.00 in a research report on Tuesday. 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. Truist Financial raised their price target on shares of Packaging Corporation of America from $263.00 to $273.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.33.

Packaging Corporation of America Price Performance

NYSE PKG traded up $2.39 on Tuesday, hitting $213.52. The company had a trading volume of 232,775 shares, compared to its average volume of 517,379. 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 company’s fifty day moving average price is $201.42 and its 200-day moving average price is $204.20. The company has a market capitalization of $19.21 billion, a PE ratio of 21.58, a PEG ratio of 1.33 and a beta of 0.88. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $242.68.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $2.29 billion. During the same quarter last year, the business earned $2.65 EPS. The firm’s revenue for the quarter 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. As a group, analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Institutional Trading of Packaging Corporation of America

Several institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted 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 purchasing an additional 59 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of Packaging Corporation of America by 72.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after buying an additional 57 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Packaging Corporation of America in the 3rd quarter valued at $31,000. Trust Co. of Toledo NA OH acquired a new position in Packaging Corporation of America during the 2nd quarter worth about $33,000. Finally, Geneos Wealth Management Inc. grew its position in Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors 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.