Packaging Corporation of America (NYSE:PKG) Given New $322.00 Price Target at JPMorgan Chase & Co.

Packaging Corporation of America (NYSE:PKG) had its price objective increased by investment analysts at JPMorgan Chase & Co. from $320.00 to $322.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 30.06% from the company’s previous close.

PKG has been the topic of several other research reports. Wells Fargo & Company reduced their price target on shares of Packaging Corporation of America from $246.00 to $245.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 7th. Truist Financial lifted their price objective on shares of Packaging Corporation of America from $270.00 to $280.00 and gave the company a “buy” rating in a report on Monday, October 12th. Citigroup reduced their target price on shares of Packaging Corporation of America from $254.00 to $253.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. UBS Group decreased their price target on shares of Packaging Corporation of America from $292.00 to $289.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Finally, Bank of America dropped their price target on shares of Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, September 11th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $272.14.

Packaging Corporation of America Trading Down 0.5%

PKG traded down $1.34 during mid-day trading on Friday, hitting $247.58. 168,959 shares of the stock were exchanged, compared to its average volume of 802,411. The firm’s fifty day moving average is $237.17 and its two-hundred day moving average is $230.79. Packaging Corporation of America has a 1-year low of $191.50 and a 1-year high of $259.98. The company has a market cap of $22.06 billion, a PE ratio of 32.17, a PEG ratio of 1.96 and a beta of 0.75. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, October 21st. The industrial products company reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.11. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.61 billion. Packaging Corporation of America had a return on equity of 19.63% and a net margin of 7.40%. Packaging Corporation of America’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.73 EPS. Equities analysts forecast that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction that occurred on Thursday, August 20th. The shares were 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 owned 19,110 shares in the company, valued at $4,791,068.10. The trade was a 38.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Hassfurther sold 7,063 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the transaction, the president owned 202,891 shares of the company’s stock, valued at $51,534,314. This trade represents a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 40,391 shares of company stock worth $10,196,101 over the last 90 days. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Packaging Corporation of America

Institutional investors have recently modified their holdings of the company. Fiduciary Financial Advisors acquired a new position in shares of Packaging Corporation of America during the second quarter worth $36,000. Oslo Pensjonsforsikring AS purchased a new position in Packaging Corporation of America in the first quarter valued at $41,000. Keating Financial Advisory Services Inc. acquired a new stake in Packaging Corporation of America in the second quarter valued at $41,000. Cedar Mountain Advisors LLC raised its stake in Packaging Corporation of America by 2,300.0% in the first quarter. Cedar Mountain Advisors LLC now owns 216 shares of the industrial products company’s stock valued at $46,000 after buying an additional 207 shares in the last quarter. Finally, Danske Bank A S purchased 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.

More Packaging Corporation of America News

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: Quarterly earnings beat expectations: PKG reported third-quarter adjusted EPS of $3.04, above the $2.93 consensus estimate and up from $2.73 a year earlier. Revenue increased 12.5% year over year to approximately $2.6 billion, supported by favorable price and product mix, higher shipments, and contributions from the Greif operations. Packaging Corporation of America Reports Third Quarter 2026 Results
• Positive Sentiment: Above-consensus fourth-quarter outlook: Management updated fourth-quarter 2026 EPS guidance to $2.81, slightly ahead of the $2.78 analyst consensus. Expected benefits from price increases and continued cost discipline support the constructive outlook. Packaging Corporation of America Reports Earnings Results
• Positive Sentiment: Analyst support increased: Deutsche Bank raised its price target to $298 from $270 while maintaining a Buy rating, reinforcing expectations for further upside. Deutsche Bank Raises Packaging Corporation of America Price Target
• Neutral Sentiment: The Greif integration and resilient margins indicate profitable growth, but investors are also focused on execution and the company’s ability to sustain favorable pricing and mix. Packaging Corporation of America Signals Profitable Growth
• Negative Sentiment: Costs and valuation remain concerns: Freight and other cost pressures, along with planned maintenance outages, may limit near-term earnings gains. At roughly 32 times earnings and near its 52-week high, some analysts view PKG as expensive despite its strong operating performance. Packaging Corporation of America: A Good Company Isn’t Always a Good Stock

About Packaging Corporation of America

Packaging Corporation of America (NYSE:PKG) is a manufacturer of corrugated packaging and containerboard products serving businesses primarily in the United States. Its products include shipping boxes, retail packaging, displays, protective packaging and specialty corrugated solutions used to transport and present a broad range of consumer and industrial goods.

The company also produces uncoated freesheet paper and related paper products for commercial printing, office use, publishing, converting and other applications.