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Packaging Corp of America has a consensus price target of $185.25 based on the ratings of 9 analysts. The high is $253 issued by Wells Fargo on October 24, 2024. The low is $104 issued by Deutsche Bank on October 18, 2022. The 3 most-recent analyst ratings were released by Truist Securities, Wells Fargo, and Truist Securities on October 24, 2024, October 24, 2024, and October 15, 2024, respectively. With an average price target of $249 between Truist Securities, Wells Fargo, and Truist Securities, there's an implied 1.51% 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 Truist Securities on October 24, 2024. The analyst firm set a price target for $252.00 expecting PKG to rise to within 12 months (a possible 2.73% upside). 19 analyst firms have reported ratings in the last year.
The latest analyst rating for Packaging Corp of America (NYSE:PKG) was provided by Truist Securities, and Packaging Corp of America reiterated their buy 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 October 24, 2024 so you should expect the next rating to be made available sometime around October 24, 2025.
While ratings are subjective and will change, the latest Packaging Corp of America (PKG) rating was a reiterated with a price target of $242.00 to $252.00. The current price Packaging Corp of America (PKG) is trading at is $245.30, which is within the analyst’s predicted range.
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