Packaging Corporation of America (NYSE:PKG) Given New $264.00 Price Target at Truist Financial

Key Points

• Truist Financial has increased its price target for Packaging Corporation of America (NYSE:PKG) from $262 to $264, indicating a potential upside of 27.06% from the current price, and maintains a "buy" rating.
• Other analysts have varied their ratings and price targets, with Jefferies downgrading PKG to "hold" with a target of $205, while Citigroup and UBS have set targets of $218 and $226 respectively.
• Packaging Corporation of America reported earnings of $2.48 per share, beating estimates, with revenue of $2.17 billion, reflecting a 4.7% increase from the previous year.

Packaging Corporation of America (NYSE:PKG - Get Free Report) had its price target hoisted by stock analysts at Truist Financial from $262.00 to $264.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. Truist Financial's price objective indicates a potential upside of 27.06% from the company's current price.

Several other brokerages also recently commented on PKG. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and cut their price target for the company from $245.00 to $205.00 in a report on Monday, June 16th. Citigroup raised their price target on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the company a "neutral" rating in a report on Monday, October 6th. UBS Group raised their price target on shares of Packaging Corporation of America from $220.00 to $226.00 and gave the company a "neutral" rating in a report on Monday, October 6th. Zacks Research raised shares of Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a report on Friday, September 26th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Packaging Corporation of America in a report on Wednesday, September 24th. They set an "overweight" rating and a $242.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $229.50.

Packaging Corporation of America Stock Performance

Packaging Corporation of America stock traded up $1.03 during mid-day trading on Monday, reaching $207.78. The company's stock had a trading volume of 56,407 shares, compared to its average volume of 819,712. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The company has a market capitalization of $18.70 billion, a P/E ratio of 20.67, a PEG ratio of 1.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. The firm's fifty day moving average price is $209.33 and its two-hundred day moving average price is $198.35.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating 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 business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the business earned $2.20 EPS. Packaging Corporation of America'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. Sell-side analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 437,378 shares in the company, valued at $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. bought a new position in shares of Packaging Corporation of America in the first quarter worth approximately $2,127,000. Sowell Financial Services LLC bought a new position in Packaging Corporation of America during the first quarter valued at approximately $309,000. Wealth Enhancement Advisory Services LLC lifted its position in Packaging Corporation of America by 5.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock valued at $5,671,000 after purchasing an additional 1,531 shares during the period. Brookstone Capital Management lifted its position in Packaging Corporation of America by 718.0% during the first quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company's stock valued at $1,997,000 after purchasing an additional 8,853 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Packaging Corporation of America by 11.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 250,197 shares of the industrial products company's stock valued at $49,544,000 after purchasing an additional 25,471 shares during the period. Institutional investors own 89.78% of the company's stock.

About Packaging Corporation of America

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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