Packaging Corporation of America (NYSE:PKG) Price Target Cut to $260.00 by Analysts at Bank of America

Packaging Corporation of America (NYSE:PKG) had its price target reduced by Bank of America from $280.00 to $260.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Bank of America‘s target price would suggest a potential upside of 10.45% from the stock’s current price.

A number of other brokerages have also recently commented on PKG. Truist Financial increased their price objective on shares of 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. JPMorgan Chase & Co. lifted their target price on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. UBS Group upped their price target on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Weiss Ratings upgraded shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. Finally, Citigroup raised their price objective on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $264.14.

Packaging Corporation of America Price Performance

NYSE PKG traded up $2.98 during mid-day trading on Friday, hitting $235.39. The stock had a trading volume of 54,169 shares, compared to its average volume of 831,391. The company has a 50 day simple moving average of $241.82 and a 200 day simple moving average of $227.43. The company has a market cap of $20.97 billion, a price-to-earnings ratio of 30.62, a P/E/G ratio of 2.31 and a beta of 0.78. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $259.98. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.Packaging Corporation of America’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Insider Transactions at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 12,531 shares of Packaging Corporation of America stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the completion of the sale, the president directly owned 218,751 shares in the company, valued at $54,687,750. The trade was a 5.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Donald R. Shirley sold 12,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the vice president directly owned 19,110 shares of the company’s stock, valued at approximately $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 90 days, insiders sold 40,391 shares of company stock worth $10,196,101. 1.60% of the stock is owned by insiders.

Institutional Trading of Packaging Corporation of America

A number of hedge funds have recently bought and sold shares of the company. DV Equities LLC purchased a new position in shares of Packaging Corporation of America during the 4th quarter worth $26,000. Fiduciary Financial Advisors acquired a new position in Packaging Corporation of America in the second quarter valued at $36,000. Covestor Ltd lifted its position in Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after buying an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in Packaging Corporation of America by 94.1% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after buying an additional 80 shares during the period. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Packaging Corporation of America in the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

Key Stories Impacting Packaging Corporation of America

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: Zacks Research raised its EPS forecasts across several future periods: Q4 2026 to $2.76 from $2.75, Q2 2027 to $2.98 from $2.97, Q3 2027 to $3.36 from $3.35, and Q4 2027 to $3.24 from $3.23. The firm also lifted its full-year 2027 estimate to $12.46 from $12.44 and full-year 2028 to $14.60 from $14.56. The broad-based increases suggest slightly improved expectations for PCA’s future profitability.
• Positive Sentiment: The higher forecasts imply earnings growth beyond the company’s current-year consensus estimate of $10.48 per share. If operating results meet or exceed these projections, stronger future earnings could help justify PKG’s premium valuation.
• Neutral Sentiment: PCA also presented at the Jefferies Global Industrials Conference. The provided transcript headline indicates investor outreach, but no specific new guidance, contract, or operating development was included in the available information. Packaging Corporation of America Presents at Jefferies Global Industrials Conference 2026 Transcript

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.