Brokerages Set Packaging Corporation of America (NYSE:PKG) PT at $236.57

Packaging Corporation of America (NYSE:PKG) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $236.5714.

Several research analysts have issued reports on PKG shares. UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th. Citigroup dropped their target price on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. Truist Financial reiterated a “buy” rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a research report on Friday, April 24th.

Insider Activity at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the sale, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Packaging Corporation of America

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Packaging Corporation of America by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock worth $2,326,159,000 after purchasing an additional 51,790 shares in the last quarter. State Street Corp increased its holdings in Packaging Corporation of America by 1.3% during the 4th quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock worth $868,349,000 after purchasing an additional 54,884 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Packaging Corporation of America by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock worth $717,372,000 after purchasing an additional 83,978 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Packaging Corporation of America by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock worth $683,997,000 after purchasing an additional 231,474 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Packaging Corporation of America by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,816,736 shares of the industrial products company’s stock worth $580,897,000 after buying an additional 73,047 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Up 0.3%

NYSE:PKG opened at $218.74 on Monday. The stock’s fifty day moving average price is $213.01 and its two-hundred day moving average price is $214.65. Packaging Corporation of America has a 52-week low of $184.76 and a 52-week high of $249.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The company has a market cap of $19.49 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 1.97 and a beta of 0.81.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the business earned $2.31 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, analysts anticipate that Packaging Corporation of America will post 10.81 EPS for the current year.

Packaging Corporation of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio is presently 72.99%.

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.