Packaging Corporation of America (NYSE:PKG) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Packaging Corporation of America (NYSE:PKG) from an equal weight rating to an overweight rating in a report released on Tuesday morning, Marketbeat.com reports. The firm currently has $233.00 price objective on the industrial products company’s stock, up from their prior price objective of $222.00.

PKG has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their target price on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. Citigroup lifted their target price on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Truist Financial increased their price target on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Wall Street Zen raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Packaging Corporation of America currently has an average rating of “Moderate Buy” and a consensus price target of $235.33.

Packaging Corporation of America Stock Performance

Shares of NYSE:PKG opened at $214.00 on Tuesday. The business’s 50-day simple moving average is $202.09 and its 200 day simple moving average is $204.46. Packaging Corporation of America has a one year low of $172.71 and a one year high of $242.68. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.00 and a current ratio of 3.16. The company has a market cap of $19.26 billion, a P/E ratio of 21.64, a PEG ratio of 1.57 and a beta of 0.88.

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

Packaging Corporation of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 50.56%.

Hedge Funds Weigh In On Packaging Corporation of America

A number of large investors have recently modified their holdings of PKG. Cornerstone Planning Group LLC boosted its stake in shares of Packaging Corporation of America by 105.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Bruce G. Allen Investments LLC lifted its holdings in Packaging Corporation of America by 72.2% in the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after buying an additional 57 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in Packaging Corporation of America in the third quarter valued at approximately $31,000. Trust Co. of Toledo NA OH acquired a new stake in Packaging Corporation of America during the 2nd quarter worth $33,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

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.