Wells Fargo & Company Reaffirms “Equal Weight” Rating for Packaging Corporation of America (NYSE:PKG)

Packaging Corporation of America (NYSE:PKG)‘s stock had its “equal weight” rating restated by equities researchers at Wells Fargo & Company in a report released on Thursday,Benzinga reports. They currently have a $246.00 price target on the industrial products company’s stock, up from their previous price target of $245.00. Wells Fargo & Company‘s price objective points to a potential upside of 9.56% from the company’s previous close.

PKG has been the topic of several other research reports. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Truist Financial reiterated a “buy” rating and set a $258.00 price objective (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their target price for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Citigroup reduced their price target on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. raised their price target on Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $245.17.

Packaging Corporation of America Trading Down 3.4%

PKG opened at $224.53 on Thursday. The stock has a market cap of $20.01 billion, a PE ratio of 27.31, a PEG ratio of 2.17 and a beta of 0.80. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average of $224.86 and a 200-day moving average of $220.81. Packaging Corporation of America has a 52 week low of $189.03 and a 52 week high of $249.51.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Equities research analysts predict that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Packaging Corporation of America

Large investors have recently added to or reduced their stakes in the business. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in Packaging Corporation of America during the fourth quarter valued at $4,664,000. PNC Financial Services Group Inc. increased its holdings in Packaging Corporation of America by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 68,314 shares of the industrial products company’s stock worth $14,088,000 after acquiring an additional 6,257 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Packaging Corporation of America by 29.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock worth $476,270,000 after acquiring an additional 521,352 shares in the last quarter. Adams Natural Resources Fund Inc. increased its holdings in Packaging Corporation of America by 71.6% in the 1st quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company’s stock worth $2,695,000 after acquiring an additional 5,300 shares in the last quarter. Finally, G&S Capital LLC raised its stake in Packaging Corporation of America by 110.1% during the 4th quarter. G&S Capital LLC now owns 12,886 shares of the industrial products company’s stock worth $2,657,000 after acquiring an additional 6,753 shares during the period. 89.78% of the stock is currently owned by institutional investors.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.