Packaging Corporation of America (NYSE:PKG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Packaging Corporation of America (NYSE:PKG) have been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Two 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 1-year price objective among brokerages that have covered the stock in the last year is $241.8333.

A number of research analysts have issued reports on the company. Citigroup lowered their price objective on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their price objective for the company from $225.00 to $256.00 in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price objective on Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company lowered their price objective on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the transaction, the chief executive officer owned 473,610 shares in the company, valued at approximately $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Trading of Packaging Corporation of America

Institutional investors and hedge funds have recently modified their holdings of the business. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of Packaging Corporation of America in the fourth quarter worth $4,664,000. PNC Financial Services Group Inc. grew its holdings in shares of Packaging Corporation of America by 10.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 68,314 shares of the industrial products company’s stock worth $14,088,000 after acquiring an additional 6,257 shares during the period. Channing Capital Management LLC grew its holdings in shares of Packaging Corporation of America by 8.8% in the third quarter. Channing Capital Management LLC now owns 28,244 shares of the industrial products company’s stock worth $6,155,000 after acquiring an additional 2,286 shares during the period. First Horizon Corp grew its holdings in shares of Packaging Corporation of America by 74,572.9% in the fourth quarter. First Horizon Corp now owns 35,843 shares of the industrial products company’s stock worth $7,392,000 after acquiring an additional 35,795 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Packaging Corporation of America by 7.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 185,879 shares of the industrial products company’s stock worth $40,509,000 after acquiring an additional 12,505 shares during the period. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Trading Down 0.5%

PKG opened at $232.89 on Friday. The stock has a market cap of $20.75 billion, a PE ratio of 28.33, a PEG ratio of 2.12 and a beta of 0.81. 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 has a 50 day moving average of $219.14 and a 200-day moving average of $218.06. Packaging Corporation of America has a 52 week low of $186.28 and a 52 week high of $249.51.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Equities research analysts predict that Packaging Corporation of America will post 10.8 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.50 per share. 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. This represents a $6.00 dividend on an annualized basis and a yield of 2.6%. Packaging Corporation of America’s dividend payout ratio (DPR) 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.