UBS Group Lowers Packaging Corporation of America (NYSE:PKG) Price Target to $271.00

Packaging Corporation of America (NYSE:PKG) had its price target reduced by equities researchers at UBS Group from $272.00 to $271.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. UBS Group’s price target would indicate a potential upside of 6.91% from the company’s current price.

PKG has been the topic of a number of other reports. Weiss Ratings lowered shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. boosted their price objective on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research note on Friday. Bank of America increased their target price on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Citigroup raised their target price on 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. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $259.71.

Packaging Corporation of America Trading Down 0.4%

Shares of NYSE:PKG opened at $253.48 on Friday. The firm has a market capitalization of $22.59 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 2.36 and a beta of 0.80. The business’s 50 day moving average price is $227.44 and its 200-day moving average price is $222.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. Packaging Corporation of America has a 1 year low of $189.03 and a 1 year high of $254.49.

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

Insiders Place Their Bets

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. The trade was a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Packaging Corporation of America

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PKG. Benchmark Financial Wealth Advisors LLC increased its stake in shares of Packaging Corporation of America by 2.1% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 48 shares during the last quarter. River Street Advisors LLC grew its holdings in shares of Packaging Corporation of America by 1.0% in the fourth quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock valued at $1,106,000 after purchasing an additional 51 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Packaging Corporation of America by 5.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 52 shares during the period. TD Private Client Wealth LLC increased its position in Packaging Corporation of America by 2.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock worth $398,000 after purchasing an additional 54 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds 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.