UBS Group Increases Packaging Corporation of America (NYSE:PKG) Price Target to $230.00

Key Points

• UBS Group has raised its price target for Packaging Corporation of America (NYSE:PKG) from $225.00 to $230.00, suggesting a potential upside of 10.25% from its current stock price.
• Analysts have provided a mixed outlook on PKG, with a consensus rating of "Moderate Buy" and an average target price of $230.17, while some firms like Truist Financial and Wells Fargo also raised their target prices.
• Packaging Corporation of America reported a miss in EPS expectations for Q3 2023, with actual earnings of $2.73 compared to a consensus estimate of $2.83, despite revenue slightly exceeding expectations.

Packaging Corporation of America (NYSE:PKG - Get Free Report) had its price target raised by UBS Group from $225.00 to $230.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the industrial products company's stock. UBS Group's target price would indicate a potential upside of 10.25% from the stock's current price.

A number of other equities research analysts have also recently weighed in on PKG. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Packaging Corporation of America in a report on Wednesday, October 8th. Truist Financial lifted their target price on Packaging Corporation of America from $262.00 to $264.00 and gave the company a "buy" rating in a research note on Monday, October 13th. JPMorgan Chase & Co. initiated coverage on Packaging Corporation of America in a research note on Wednesday, September 24th. They issued an "overweight" rating and a $242.00 target price for the company. Wells Fargo & Company lifted their target price on Packaging Corporation of America from $200.00 to $222.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 7th. Finally, Zacks Research raised Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Packaging Corporation of America currently has a consensus rating of "Moderate Buy" and an average target price of $230.17.

Packaging Corporation of America Stock Performance

PKG traded down $4.64 during trading on Friday, hitting $208.63. The stock had a trading volume of 198,309 shares, compared to its average volume of 823,502. The firm has a market cap of $18.77 billion, a PE ratio of 21.09, a P/E/G ratio of 1.22 and a beta of 0.91. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. 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 company has a 50 day simple moving average of $211.53 and a 200-day simple moving average of $199.24.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.10). The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.29 billion. Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.The business's revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Analysts expect 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 company's stock in a transaction that occurred 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 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Packaging Corporation of America

Several institutional investors and hedge funds have recently made changes to their positions in PKG. GAMMA Investing LLC grew its position in Packaging Corporation of America by 29.1% during the first quarter. GAMMA Investing LLC now owns 3,138 shares of the industrial products company's stock worth $621,000 after buying an additional 707 shares in the last quarter. Spire Wealth Management grew its position in Packaging Corporation of America by 68.0% during the first quarter. Spire Wealth Management now owns 761 shares of the industrial products company's stock worth $151,000 after buying an additional 308 shares in the last quarter. Golden State Wealth Management LLC grew its position in Packaging Corporation of America by 113.7% during the first quarter. Golden State Wealth Management LLC now owns 451 shares of the industrial products company's stock worth $90,000 after buying an additional 240 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in Packaging Corporation of America during the first quarter worth approximately $39,000. Finally, Board of the Pension Protection Fund grew its position in Packaging Corporation of America by 2,600.0% during the first quarter. Board of the Pension Protection Fund now owns 2,700 shares of the industrial products company's stock worth $535,000 after buying an additional 2,600 shares in the last quarter. Institutional investors and hedge funds 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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