Wells Fargo & Company Has Lowered Expectations for Packaging Corporation of America (NYSE:PKG) Stock Price

Packaging Corporation of America (NYSE:PKG) had its price target reduced by equities researchers at Wells Fargo & Company from $246.00 to $245.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 7.55% from the stock’s previous close.

Several other analysts have also weighed in on PKG. Bank of America decreased their price target on Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, September 11th. Weiss Ratings upgraded Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. Citigroup dropped their price objective on Packaging Corporation of America from $254.00 to $253.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Truist Financial lifted their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Finally, UBS Group cut their price target on shares of Packaging Corporation of America from $292.00 to $289.00 and set a “buy” rating on the stock in a report on Monday. One equities research 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $270.43.

Packaging Corporation of America Price Performance

PKG traded down $1.95 during trading on Wednesday, reaching $227.79. 151,209 shares of the company traded hands, compared to its average volume of 809,324. The company has a market cap of $20.30 billion, a P/E ratio of 29.60, a PEG ratio of 1.97 and a beta of 0.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $259.98. The firm has a fifty day simple moving average of $241.79 and a 200 day simple moving average of $228.67.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping 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 18.94%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the company earned $2.48 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, equities analysts forecast that Packaging Corporation of America will post 10.45 EPS for the current year.

Insider Buying and Selling

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,531 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the sale, the president owned 218,751 shares of the company’s stock, valued at approximately $54,687,750. This trade represents a 5.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Donald R. Shirley sold 12,000 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the completion of the transaction, the vice president directly owned 19,110 shares of the company’s stock, valued at approximately $4,791,068.10. The trade was a 38.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 40,391 shares of company stock worth $10,196,101. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Packaging Corporation of America

Several institutional investors and hedge funds have recently bought and sold shares of PKG. Fiduciary Financial Advisors acquired a new stake in Packaging Corporation of America in the 2nd quarter worth approximately $36,000. Oslo Pensjonsforsikring AS acquired a new position in shares of Packaging Corporation of America in the 1st quarter valued at $41,000. Keating Financial Advisory Services Inc. purchased a new position in Packaging Corporation of America in the 2nd quarter worth $41,000. Cedar Mountain Advisors LLC raised its stake in Packaging Corporation of America by 2,300.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 216 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 207 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in Packaging Corporation of America during the 2nd quarter worth about $58,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.