Packaging Corporation of America (NYSE:PKG) Given New $226.00 Price Target at Wells Fargo & Company
by Scott Moore · The Cerbat GemPackaging Corporation of America (NYSE:PKG – Get Free Report) had its price target reduced by investment analysts at Wells Fargo & Company from $234.00 to $226.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 11.32% from the company’s current price.
Several other research firms have also weighed in on PKG. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Packaging Corporation of America in a research note on Wednesday, April 1st. They issued a “hold” rating and a $225.00 price objective for the company. Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a research note on Thursday, February 26th. Zacks Research upgraded shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings lowered shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $233.29.
Read Our Latest Stock Analysis on PKG
Packaging Corporation of America Trading Down 1.2%
Shares of NYSE PKG traded down $2.39 during midday trading on Tuesday, reaching $203.01. The stock had a trading volume of 68,793 shares, compared to its average volume of 1,063,088. The firm has a market cap of $18.07 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 1.53 and a beta of 0.90. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $249.51. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.94 and a current ratio of 3.17. The company’s 50 day moving average price is $223.96 and its 200 day moving average price is $213.00.
Packaging Corporation of America (NYSE:PKG – Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.43 billion. Packaging Corporation of America had a return on equity of 19.22% and a net margin of 8.61%.The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. As a group, sell-side analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.
Insider Buying and Selling
In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the sale, the president owned 197,062 shares in the company, valued at approximately $45,422,791. The trade was a 5.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.
Institutional Trading of Packaging Corporation of America
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Benchmark Financial Wealth Advisors LLC increased its stake in Packaging Corporation of America by 2.1% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 48 shares in the last quarter. World Investment Advisors increased its stake in Packaging Corporation of America by 4.1% during the 3rd quarter. World Investment Advisors now owns 1,279 shares of the industrial products company’s stock valued at $279,000 after purchasing an additional 50 shares in the last quarter. River Street Advisors LLC increased its stake in Packaging Corporation of America by 1.0% during the 4th quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock valued at $1,106,000 after purchasing an additional 51 shares in the last quarter. Argent Advisors Inc. increased its stake in Packaging Corporation of America by 1.9% during the 3rd quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company’s stock valued at $622,000 after purchasing an additional 52 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Packaging Corporation of America by 5.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 52 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 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.