Packaging Corporation of America (NYSE:PKG) Price Target Raised to $271.00

Packaging Corporation of America (NYSE:PKG) had its price target lifted by JPMorgan Chase & Co. from $269.00 to $271.00 in a report published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the industrial products company’s stock.

Several other research firms have also commented on PKG. Citigroup raised their price target on shares of Packaging Corporation of America from $229.00 to $241.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Wells Fargo & Company restated an “equal weight” rating and set a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Truist Financial raised their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Finally, UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and increased their price objective for the company from $232.00 to $248.00 in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Packaging Corporation of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.43.

Packaging Corporation of America Trading Down 0.4%

Packaging Corporation of America stock opened at $253.48 on Friday. The firm has a market cap of $22.59 billion, a PE ratio of 32.92, a P/E/G ratio of 2.36 and a beta of 0.80. Packaging Corporation of America has a 12 month low of $189.03 and a 12 month high of $254.49. The stock’s 50 day simple moving average is $227.44 and its two-hundred day simple moving average is $222.78. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the firm earned $2.48 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Analysts anticipate that Packaging Corporation of America will post 10.5 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were given a $1.50 dividend. The ex-dividend date was 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 annualized dividend and a yield of 2.4%. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 77.92%.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s 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 sale, the chief executive officer owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Packaging Corporation of America

A number of institutional investors and hedge funds have recently made changes to their positions in PKG. Vanguard Group Inc. boosted its position in shares of 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 during the period. State Street Corp raised its position in Packaging Corporation of America by 1.3% in the fourth quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock valued at $868,349,000 after purchasing an additional 54,884 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Packaging Corporation of America by 2.5% during the fourth 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. lifted its stake in Packaging Corporation of America by 7.5% during the fourth 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 lifted its stake in Packaging Corporation of America by 2.7% during the fourth 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 purchasing an additional 73,047 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

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.