Truist Financial Lowers Packaging Corporation of America (NYSE:PKG) Price Target to $270.00

Packaging Corporation of America (NYSE:PKG) had its price objective dropped by stock analysts at Truist Financial from $273.00 to $270.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price objective would suggest a potential upside of 21.20% from the company’s previous close.

PKG has been the subject of several other research reports. 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 research report on Friday, December 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. Zacks Research upgraded Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Citigroup lowered their price objective 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. Finally, Wall Street Zen raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $236.00.

Packaging Corporation of America Price Performance

NYSE:PKG opened at $222.77 on Thursday. The business’s 50-day moving average is $209.35 and its 200 day moving average is $206.96. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $231.12. The company has a market capitalization of $20.04 billion, a P/E ratio of 25.99, a P/E/G ratio of 1.66 and a beta of 0.88. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84.

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

Institutional Trading of Packaging Corporation of America

A number of hedge funds and other institutional investors have recently bought and sold shares of PKG. Integrated Wealth Concepts LLC grew its holdings in shares of Packaging Corporation of America by 73.5% in the first quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock worth $585,000 after purchasing an additional 1,252 shares during the last quarter. Empowered Funds LLC boosted its position in Packaging Corporation of America by 538.6% in the 1st quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company’s stock valued at $1,248,000 after buying an additional 5,316 shares during the period. Geneos Wealth Management Inc. grew its stake 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 worth $39,000 after acquiring an additional 57 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Packaging Corporation of America by 43.6% during the second quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 537 shares during the period. Finally, V Square Quantitative Management LLC raised its stake in shares of Packaging Corporation of America by 42.4% during the second quarter. V Square Quantitative Management LLC now owns 1,618 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 482 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.