Citigroup Raises Packaging Corporation of America (NYSE:PKG) Price Target to $218.00

Key Points

• Citigroup has raised its price target for Packaging Corporation of America (NYSE:PKG) from $214.00 to $218.00, maintaining a "neutral" rating, which suggests a potential upside of 1.95% from the current stock price.
• Other brokerages have also modified their price targets, with UBS Group setting a target of $220.00 and Wells Fargo adjusting to $200.00, indicating a range of neutral to overweight ratings from various analysts.
• Packaging Corporation of America recently reported quarterly earnings of $2.48 per share, exceeding analysts' expectations, with revenue growth of 4.7% compared to the same quarter last year.

Packaging Corporation of America (NYSE:PKG - Get Free Report) had its target price upped by analysts at Citigroup from $214.00 to $218.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. Citigroup's price target points to a potential upside of 1.95% from the stock's current price.

A number of other brokerages have also recently commented on PKG. UBS Group raised their target price on Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Wells Fargo & Company raised their price objective on Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and cut their price objective for the company from $245.00 to $205.00 in a research note on Monday, June 16th. JPMorgan Chase & Co. initiated coverage on shares of Packaging Corporation of America in a report on Wednesday, September 24th. They issued an "overweight" rating and a $242.00 target price for the company. Finally, Zacks Research upgraded shares of Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Packaging Corporation of America has a consensus rating of "Moderate Buy" and a consensus price target of $224.50.

Packaging Corporation of America Stock Performance

Shares of PKG traded down $0.70 during trading hours on Monday, hitting $213.84. The stock had a trading volume of 121,252 shares, compared to its average volume of 826,466. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. The firm has a market capitalization of $19.24 billion, a PE ratio of 21.30, a PEG ratio of 1.84 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The stock has a fifty day moving average price of $208.05 and a 200 day moving average price of $197.90.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm posted $2.20 earnings per share. The firm's revenue was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the completion of the transaction, the chief executive officer directly owned 437,378 shares of the company's stock, valued at approximately $94,460,526.66. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On Packaging Corporation of America

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Packaging Corporation of America by 1.6% in the second quarter. Vanguard Group Inc. now owns 11,204,307 shares of the industrial products company's stock worth $2,111,452,000 after buying an additional 176,811 shares during the last quarter. State Street Corp increased its holdings in shares of Packaging Corporation of America by 1.1% during the 2nd quarter. State Street Corp now owns 4,097,253 shares of the industrial products company's stock valued at $777,037,000 after purchasing an additional 43,141 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Packaging Corporation of America by 2.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,351,323 shares of the industrial products company's stock worth $631,557,000 after buying an additional 78,619 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Packaging Corporation of America by 46.5% in the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company's stock worth $601,755,000 after acquiring an additional 964,085 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Packaging Corporation of America by 108.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company's stock worth $468,045,000 after acquiring an additional 1,229,219 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Company Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.

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