Packaging Corporation of America (NYSE:PKG) Given New $241.00 Price Target at Citigroup

Packaging Corporation of America (NYSE:PKG) had its target price boosted by Citigroup from $229.00 to $241.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s target price points to a potential upside of 6.05% from the company’s previous close.

Several other equities analysts also recently commented on PKG. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and upped their price target for the company from $232.00 to $248.00 in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price target for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday. Finally, Truist Financial reissued a “buy” rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus target price of $253.00.

Packaging Corporation of America Trading Up 1.2%

Shares of NYSE:PKG traded up $2.79 during trading on Thursday, hitting $227.25. The company had a trading volume of 140,767 shares, compared to its average volume of 904,862. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.17 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The company has a fifty day simple moving average of $224.86 and a two-hundred day simple moving average of $220.81. Packaging Corporation of America has a one year low of $189.03 and a one year high of $249.51.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.Packaging Corporation of America’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, equities analysts forecast that Packaging Corporation of America will post 10.45 earnings per share for the current year.

Insider Buying and Selling at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the sale, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $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 is available through the SEC website. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Packaging Corporation of America

Several large investors have recently modified their holdings of PKG. DV Equities LLC purchased a new stake in shares of Packaging Corporation of America during the fourth quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Packaging Corporation of America in the 3rd quarter worth $31,000. Covestor Ltd lifted its position in Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after acquiring 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 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 80 shares during the period. Finally, Navalign LLC purchased a new stake in Packaging Corporation of America during the 4th quarter valued at about $36,000. Institutional investors own 89.78% of the company’s stock.

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.