Packaging Corp of America has a consensus price target of $172.13 based on the ratings of 9 analysts. The high is $219 issued by Truist Securities on July 25, 2024. The low is $104 issued by Deutsche Bank on October 18, 2022. The 3 most-recent analyst ratings were released by Wells Fargo, Truist Securities, and Truist Securities on July 25, 2024, July 25, 2024, and July 16, 2024, respectively. With an average price target of $216.33 between Wells Fargo, Truist Securities, and Truist Securities, there's an implied 1.61% upside for Packaging Corp of America from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Packaging Corp of America (NYSE:PKG) was reported by Wells Fargo on July 25, 2024. The analyst firm set a price target for $215.00 expecting PKG to rise to within 12 months (a possible 0.99% upside). 18 analyst firms have reported ratings in the last year.
The latest analyst rating for Packaging Corp of America (NYSE:PKG) was provided by Wells Fargo, and Packaging Corp of America maintained their overweight rating.
The last upgrade for Packaging Corp of America happened on April 24, 2024 when Wells Fargo raised their price target to $191. Wells Fargo previously had an equal-weight for Packaging Corp of America.
The last downgrade for Packaging Corp of America happened on January 29, 2024 when Seaport Global changed their price target from N/A to N/A for Packaging Corp of America.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Packaging Corp of America, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Packaging Corp of America was filed on July 25, 2024 so you should expect the next rating to be made available sometime around July 25, 2025.
While ratings are subjective and will change, the latest Packaging Corp of America (PKG) rating was a maintained with a price target of $194.00 to $215.00. The current price Packaging Corp of America (PKG) is trading at is $212.90, which is within the analyst’s predicted range.
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