Weiss Ratings Reiterates "Buy (B-)" Rating for Packaging Corporation of America (NYSE:PKG)

Key Points

• Weiss Ratings has reiterated a "Buy (B-)" rating for Packaging Corporation of America (NYSE:PKG), indicating a positive outlook for the stock.
• Wells Fargo increased their price target for PKG shares from $200 to $222, while Jefferies lowered their target from $245 to $205, showcasing a range of analyst opinions on the stock's future value.
• Packaging Corporation of America reported quarterly earnings of $2.48 EPS, exceeding analysts' expectations, and had a revenue of $2.17 billion, marking a 4.7% increase year-over-year.

Packaging Corporation of America (NYSE:PKG - Get Free Report)'s stock had its "buy (b-)" rating reiterated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

PKG has been the topic of a number of other reports. Wells Fargo & Company boosted their price target on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Jefferies Financial Group lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their price objective for the company from $245.00 to $205.00 in a research note on Monday, June 16th. Truist Financial upped their target price on Packaging Corporation of America from $238.00 to $262.00 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. Zacks Research raised Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 26th. Finally, 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 price objective on the stock. Two equities research 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's stock. According to data from MarketBeat.com, Packaging Corporation of America currently has an average rating of "Moderate Buy" and an average target price of $229.17.

Packaging Corporation of America Stock Up 1.4%

Shares of Packaging Corporation of America stock opened at $213.50 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82. The business's fifty day moving average price is $208.66 and its two-hundred day moving average price is $198.22. The company has a market capitalization of $19.21 billion, a P/E ratio of 21.31, a PEG ratio of 1.81 and a beta of 0.91.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company earned $2.20 earnings per share. The company's quarterly 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. As a group, research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current year.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the completion of the sale, the chief executive officer directly owned 437,378 shares of the company's stock, valued at $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. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Packaging Corporation of America

A number of institutional investors have recently modified their holdings of the stock. Clearstead Trust LLC grew its holdings in shares of Packaging Corporation of America by 118.6% during the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 70 shares in the last quarter. Bruce G. Allen Investments LLC boosted its position in 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 during the last quarter. TCTC Holdings LLC grew its stake in Packaging Corporation of America by 86.4% in the first 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 in the last quarter. Trust Co. of Toledo NA OH acquired a new position in Packaging Corporation of America in the 2nd quarter worth about $33,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Packaging Corporation of America during the 1st quarter worth about $39,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.