Packaging Corporation of America (NYSE:PKG) Stock Gets Price Target Boost from Truist Financial

Key Points

• Truist Financial raised Packaging Corporation of America’s price target from $270 to $280 and maintained a “buy” rating, implying 22.23% potential upside from the reported $229.08 share price.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $271.86; ratings include one Strong Buy, six Buys, and three Holds.
• PCA exceeded quarterly EPS expectations, reporting $2.35 versus the $2.31 consensus, while revenue rose 14.7% year over year to $2.49 billion. However, insiders sold 40,391 shares worth about $10.2 million during the last quarter.

Packaging Corporation of America (NYSE:PKG - Get Free Report) had its price target increased by stock analysts at Truist Financial from $270.00 to $280.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. Truist Financial's target price suggests a potential upside of 22.23% from the stock's current price.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Packaging Corporation of America from $312.00 to $320.00 and gave the company an "overweight" rating in a report on Wednesday, September 23rd. UBS Group dropped 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 note on Monday, October 5th. Wells Fargo & Company cut 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 report on Wednesday, October 7th. Citigroup reduced their price target on Packaging Corporation of America from $254.00 to $253.00 and set a "neutral" rating on the stock in a research report on Friday, October 2nd. Finally, Weiss Ratings upgraded Packaging Corporation of America from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $271.86.

Packaging Corporation of America Price Performance

Shares of NYSE PKG traded down $1.43 during midday trading on Monday, reaching $229.08. The company's stock had a trading volume of 112,071 shares, compared to its average volume of 804,253. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $259.98. The business's 50 day moving average price is $240.67 and its two-hundred day moving average price is $229.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. The company has a market cap of $20.41 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.98 and a beta of 0.75.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. The company had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%. Packaging Corporation of America's revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, analysts forecast that Packaging Corporation of America will post 10.45 EPS for the current fiscal year.

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America news, VP Donald Shirley sold 12,000 shares of the firm's stock in a transaction that occurred 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 sale, the vice president owned 19,110 shares of the company's stock, valued at approximately $4,791,068.10. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Thomas Hassfurther sold 12,531 shares of Packaging Corporation of America stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the completion of the sale, the president directly owned 218,751 shares of the company's stock, valued at approximately $54,687,750. The trade was a 5.42% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 40,391 shares of company stock worth $10,196,101. Corporate insiders own 1.60% of the company's stock.

Institutional Trading of Packaging Corporation of America

A number of hedge funds have recently bought and sold shares of the business. Fiduciary Financial Advisors bought a new position in Packaging Corporation of America during the 2nd quarter valued at approximately $36,000. Oslo Pensjonsforsikring AS purchased a new position in shares of Packaging Corporation of America during the first quarter valued at approximately $41,000. Keating Financial Advisory Services Inc. bought a new position in shares of Packaging Corporation of America during the second quarter valued at approximately $41,000. Cedar Mountain Advisors LLC lifted 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 worth $46,000 after acquiring an additional 207 shares during the period. Finally, Danske Bank A S purchased a new stake in Packaging Corporation of America in the second quarter worth $58,000. 89.78% of the stock is currently owned by 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.

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