Packaging Corporation of America (NYSE:PKG) Price Target Cut to $253.00 by Analysts at Citigroup

Packaging Corporation of America (NYSE:PKG) had its target price decreased by stock analysts at Citigroup from $254.00 to $253.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price objective would indicate a potential upside of 10.35% from the company’s current price.

PKG has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on Packaging Corporation of America from $312.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, September 23rd. Wells Fargo & Company restated an “equal weight” rating and issued a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Truist Financial boosted their price target on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. UBS Group upped their price objective on 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. Finally, Bank of America decreased their target price on shares of Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $271.00.

Packaging Corporation of America Stock Down 0.2%

Packaging Corporation of America stock traded down $0.44 during mid-day trading on Friday, reaching $229.27. The company’s stock had a trading volume of 247,916 shares, compared to its average volume of 815,347. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. Packaging Corporation of America has a 12 month low of $191.50 and a 12 month high of $259.98. The business’s 50 day simple moving average is $243.23 and its 200 day simple moving average is $228.35. The company has a market capitalization of $20.43 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 1.97 and a beta of 0.75.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the firm posted $2.48 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, research analysts anticipate that Packaging Corporation of America will post 10.45 earnings per share for the current year.

Insider Activity

In other Packaging Corporation of America news, VP Donald R. Shirley sold 12,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the transaction, the vice president directly owned 19,110 shares of the company’s stock, valued at $4,791,068.10. This represents a 38.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Hassfurther sold 7,063 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the sale, the president owned 202,891 shares of the company’s stock, valued at $51,534,314. This trade represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,391 shares of company stock valued at $10,196,101 in the last ninety days. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Packaging Corporation of America

A number of large investors have recently made changes to their positions in PKG. BlackRock Inc. acquired a new stake in Packaging Corporation of America during the 2nd quarter worth approximately $1,837,506,000. Bank of New York Mellon Corp acquired a new position in Packaging Corporation of America in the 2nd quarter valued at $748,095,000. Bank of America Corp DE bought a new position in Packaging Corporation of America during the 2nd quarter worth $379,568,000. Atlas FRM LLC bought a new position in Packaging Corporation of America during the 2nd quarter worth $365,164,100. Finally, Diamant Asset Management Inc. lifted its holdings in shares of Packaging Corporation of America by 19,710.3% during the first quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company’s stock worth $189,607,000 after buying an additional 888,936 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.