Packaging Corporation of America (NYSE:PKG) Raised to “Hold” at Wall Street Zen

Packaging Corporation of America (NYSE:PKG) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research firms also recently weighed in on PKG. Zacks Research downgraded shares of Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a research note on Monday, December 8th. Citigroup raised their price objective on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday, December 29th. Truist Financial raised their price target on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Wells Fargo & Company lifted their price objective on Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $230.67.

Packaging Corporation of America Stock Performance

PKG stock opened at $210.87 on Friday. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. The business’s fifty day simple moving average is $201.33 and its two-hundred day simple moving average is $204.02. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $242.68. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.33 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.65 earnings per share. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Hedge Funds Weigh In On Packaging Corporation of America

Large investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new position in shares of Packaging Corporation of America during the 1st quarter valued at approximately $2,127,000. Vise Technologies Inc. acquired a new position in Packaging Corporation of America during the second quarter worth $1,306,000. Atlas FRM LLC lifted its holdings in Packaging Corporation of America by 59.7% during the second quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock valued at $100,821,000 after purchasing an additional 200,000 shares in the last quarter. Carnegie Investment Counsel grew its position in shares of Packaging Corporation of America by 32.2% in the third quarter. Carnegie Investment Counsel now owns 12,679 shares of the industrial products company’s stock valued at $2,763,000 after purchasing an additional 3,085 shares during the period. Finally, Arvest Bank Trust Division purchased a new stake in shares of Packaging Corporation of America during the second quarter worth about $892,000. 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.