Packaging Corporation of America (NYSE:PKG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo & Company raised the price target for Packaging Corporation of America from $200.00 to $222.00, suggesting a potential upside of 4.49% from its previous close.
• Multiple analysts have issued favorable ratings for the stock, with Truist Financial's price target reaching $262.00 and a "buy" rating, while Zacks upgraded it to a "strong-buy" rating.
• The company reported earnings of $2.48 per share, beating analysts' estimates, with revenue increasing by 4.7% year-over-year.

Packaging Corporation of America (NYSE:PKG - Get Free Report) had its price target upped by equities research analysts at Wells Fargo & Company from $200.00 to $222.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the industrial products company's stock. Wells Fargo & Company's price objective would indicate a potential upside of 4.49% from the company's previous close.

Other equities analysts also recently issued reports about the company. Truist Financial raised their price objective on Packaging Corporation of America from $238.00 to $262.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. 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. Zacks Research upgraded shares of Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 26th. UBS Group raised their target price on shares of Packaging Corporation of America from $220.00 to $226.00 and gave the company a "neutral" rating in a research note on Monday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Packaging Corporation of America in a research report on Wednesday, September 24th. They set an "overweight" rating and a $242.00 price target for the company. Two research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $229.17.

Packaging Corporation of America Trading Down 0.2%

Shares of NYSE:PKG traded down $0.48 during midday trading on Tuesday, reaching $212.46. The company's stock had a trading volume of 33,982 shares, compared to its average volume of 824,817. The firm has a market cap of $19.12 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $250.82. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $208.22 and a 200 day moving average price of $198.03.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) 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 firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the firm earned $2.20 earnings per share. 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. Research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current year.

Insider Activity at Packaging Corporation of America

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

Institutional Trading of Packaging Corporation of America

Large investors have recently added to or reduced their stakes in the company. Clearstead Trust LLC lifted its position in shares of Packaging Corporation of America by 118.6% in the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after purchasing an additional 70 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in Packaging Corporation of America by 72.2% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company's stock worth $26,000 after acquiring an additional 57 shares during the last quarter. TCTC Holdings LLC boosted its stake in Packaging Corporation of America by 86.4% during the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 70 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of Packaging Corporation of America during the second quarter valued at approximately $33,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of Packaging Corporation of America in the first quarter valued at $39,000. 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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