Packaging Corporation of America (NYSE:PKG) Price Target Raised to $320.00 at JPMorgan Chase & Co.

Packaging Corporation of America (NYSE:PKG) had its price target raised by equities researchers at JPMorgan Chase & Co. from $312.00 to $320.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 34.19% from the company’s previous close.

PKG has been the topic of several other research reports. UBS Group boosted their price objective on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings raised Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. Bank of America reduced their price target on Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, September 11th. Citigroup upped their price target on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Finally, Truist Financial increased their price target on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Packaging Corporation of America has an average rating of “Moderate Buy” and a consensus target price of $271.14.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $238.47 on Wednesday. The business has a fifty day moving average price of $242.61 and a two-hundred day moving average price of $227.66. The stock has a market capitalization of $21.25 billion, a PE ratio of 30.97, a P/E/G ratio of 2.04 and a beta of 0.78. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $259.98.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.04. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities analysts predict that Packaging Corporation of America will post 10.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Thomas Hassfurther sold 7,063 shares of Packaging Corporation of America stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,794,002.00. Following the completion of the sale, the president owned 202,891 shares in the company, valued at $51,534,314. The trade was a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Donald Shirley sold 12,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the transaction, the vice president owned 19,110 shares in the company, valued at $4,791,068.10. This represents a 38.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 40,391 shares of company stock valued at $10,196,101. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Packaging Corporation of America

Institutional investors and hedge funds have recently modified their holdings of the stock. Greenleaf Trust lifted its stake in shares of Packaging Corporation of America by 1.7% during the second quarter. Greenleaf Trust now owns 2,705 shares of the industrial products company’s stock valued at $645,000 after buying an additional 46 shares during the period. Root Financial Partners LLC grew its holdings in Packaging Corporation of America by 28.4% in the 1st quarter. Root Financial Partners LLC now owns 276 shares of the industrial products company’s stock valued at $59,000 after buying an additional 61 shares during the period. CX Institutional increased its stake in shares of Packaging Corporation of America by 8.2% during the 2nd quarter. CX Institutional now owns 816 shares of the industrial products company’s stock valued at $195,000 after acquiring an additional 62 shares during the last quarter. Phillips Wealth Planners LLC lifted its holdings in shares of Packaging Corporation of America by 5.9% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,136 shares of the industrial products company’s stock worth $250,000 after acquiring an additional 63 shares during the period. Finally, Rehmann Capital Advisory Group boosted its position in shares of Packaging Corporation of America by 4.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,539 shares of the industrial products company’s stock worth $318,000 after acquiring an additional 66 shares during the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) manufactures and sells containerboard and corrugated packaging products. Its offerings include shipping boxes, retail displays, protective packaging and other custom-designed packaging solutions used by businesses in a range of industries.

The company also produces uncoated paper products, including communication papers, office papers and specialty papers. PCA serves customers primarily across the United States and operates a network of paper mills, corrugated products plants, design centers and related facilities.

Packaging Corporation of America was established in 1999 following the acquisition of Tenneco Packaging by an investor group and its subsequent separation from Tenneco Inc Mark W.