Truist Financial Issues Positive Forecast for Packaging Corporation of America (NYSE:PKG) Stock Price

Key Points

• Truist Financial has increased its price target for Packaging Corporation of America (PKG) from $238 to $262, indicating a potential upside of 22.29% from the stock's previous close.
• Despite varying ratings from other analysts, PKG holds a consensus rating of "Moderate Buy" with a $220.20 average target price.
• Packaging Corporation of America reported a quarterly earnings per share (EPS) of $2.48, surpassing the consensus estimate by $0.04, along with a year-over-year revenue increase of 4.7%.

Packaging Corporation of America (NYSE:PKG - Get Free Report) had its price objective boosted by equities research analysts at Truist Financial from $238.00 to $262.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. Truist Financial's price target points to a potential upside of 22.29% from the company's previous close.

PKG has been the subject of a number of other research reports. Wells Fargo & Company lifted their target price on Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Citigroup raised their price target on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. UBS Group boosted their price objective on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Finally, Jefferies Financial Group lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their target price for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Packaging Corporation of America has a consensus rating of "Moderate Buy" and a consensus target price of $220.20.

Packaging Corporation of America Stock Performance

PKG stock traded up $2.78 during mid-day trading on Wednesday, hitting $214.25. 79,992 shares of the company were exchanged, compared to its average volume of 844,338. The business has a 50 day simple moving average of $205.31 and a 200-day simple moving average of $196.62. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $19.28 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.85 and a beta of 0.87. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82.

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

Insider Activity

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the business's stock in a transaction on Thursday, September 11th. The stock was 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 owned 437,378 shares of the company's stock, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advyzon Investment Management LLC lifted its stake in shares of Packaging Corporation of America by 3.3% in the 2nd quarter. Advyzon Investment Management LLC now owns 1,608 shares of the industrial products company's stock valued at $303,000 after acquiring an additional 52 shares during the last quarter. Forza Wealth Management LLC raised its position in Packaging Corporation of America by 2.8% in the second quarter. Forza Wealth Management LLC now owns 2,076 shares of the industrial products company's stock valued at $391,000 after purchasing an additional 56 shares during the last quarter. Manchester Capital Management LLC raised its position in Packaging Corporation of America by 39.0% in the first quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 57 shares during the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of Packaging Corporation of America by 72.2% during the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 57 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock worth $39,000 after purchasing an additional 57 shares during the last quarter. 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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