Packaging Corporation of America (PKG) Stock Forecast, Price Target & Predictions


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PKG Stock Forecast


Packaging Corporation of America stock forecast is as follows: an average price target of $166.00 (represents a -21.05% downside from PKG’s last price of $210.27) and a rating consensus of 'Hold', based on 9 wall street analysts offering a 1-year stock forecast.

PKG Price Target


The average price target for Packaging Corporation of America (PKG) is $166.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $191.00 to $147.00. This represents a potential -21.05% downside from PKG's last price of $210.27.

PKG Analyst Ratings


Hold

According to 9 Wall Street analysts, Packaging Corporation of America's rating consensus is 'Hold'. The analyst rating breakdown for PKG stock is 0 'Strong Buy' (0.00%), 3 'Buy' (33.33%), 5 'Hold' (55.56%), 1 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).

Packaging Corporation of America Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Apr 24, 2024Gabe HajdeWells Fargo$191.00$173.4310.13%-9.16%
Apr 12, 2024Charlie Muir-SandsBNP Paribas$182.00$186.28-2.30%-13.44%
Feb 28, 2023Gabe HajdeWells Fargo$125.00$136.77-8.61%-40.55%
Sep 29, 2022-Truist Financial$152.00$112.8834.66%-27.71%
Jul 27, 2022-Wells Fargo$143.00$139.332.63%-31.99%
Jul 27, 2022-Citigroup$147.00$136.937.35%-30.09%
Jul 18, 2022-Wells Fargo$154.00$136.7112.65%-26.76%
Jun 21, 2022-Citigroup$144.00$139.683.09%-31.52%
Apr 28, 2022-Wells Fargo$162.00$162.62-0.38%-22.96%
Apr 26, 2022Kyle WhiteDeutsche Bank$158.00$162.29-2.64%-24.86%
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The latest Packaging Corporation of America stock forecast, released on Apr 24, 2024 by Gabe Hajde from Wells Fargo, set a price target of $191.00, which represents a 10.13% increase from the stock price at the time of the forecast ($173.43), and a -9.16% decrease from PKG last price ($210.27).

Packaging Corporation of America Price Target by Period


1M3M12M
# Anlaysts--2
Avg Price Target--$186.50
Last Closing Price$210.27$210.27$210.27
Upside/Downside-100.00%-100.00%-11.30%

In the current month, the average price target of Packaging Corporation of America stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Packaging Corporation of America's last price of $210.27. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Jul 25, 2024Wells FargoOverweightOverweightHold
Jul 19, 2024JefferiesHoldHoldHold
Jul 08, 2024CitigroupNeutralNeutralHold
Apr 24, 2024Wells FargoEqual-WeightOverweightUpgrade
Apr 12, 2024Exane BNP Paribas-NeutralDowngrade
Apr 04, 2024CitigroupNeutralNeutralHold
Sep 27, 2023Jefferies-HoldUpgrade
Feb 28, 2023CitigroupNeutralNeutralHold
Jan 09, 2023Wells FargoEqual-WeightEqual-WeightHold
Oct 18, 2022Prescience Point-BuyDowngrade
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Packaging Corporation of America's last stock rating was published by Wells Fargo on Jul 25, 2024. The company gave PKG a "Overweight" rating, the same as its previous rate.

Packaging Corporation of America Financial Forecast


Packaging Corporation of America Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
Revenue--------$1.94B$1.94B$1.95B$1.98B$1.98B$2.13B$2.24B$2.14B$2.04B$2.00B$1.88B$1.81B$1.71B$1.69B$1.54B$1.71B$1.72B$1.75B$1.76B$1.73B$1.69B$1.54B
Avg Forecast$2.15B$2.28B$2.27B$2.11B$2.08B$2.10B$2.02B$1.91B$1.90B$1.99B$1.99B$2.08B$2.04B$2.20B$2.14B$2.05B$1.94B$1.93B$1.78B$1.72B$1.73B$1.65B$1.63B$1.66B$1.70B$1.78B$1.78B$1.77B$1.67B$1.49B
High Forecast$2.23B$2.37B$2.36B$2.19B$2.16B$2.13B$2.10B$1.98B$1.95B$2.11B$2.06B$2.16B$2.12B$2.28B$2.20B$2.10B$2.00B$1.98B$1.83B$1.76B$1.78B$1.69B$1.68B$1.71B$1.75B$1.83B$1.83B$1.82B$2.00B$1.79B
Low Forecast$2.09B$2.22B$2.21B$2.06B$2.03B$2.09B$1.97B$1.86B$1.84B$1.93B$1.93B$2.03B$1.99B$2.14B$2.08B$1.99B$1.89B$1.88B$1.73B$1.67B$1.68B$1.60B$1.59B$1.61B$1.66B$1.73B$1.73B$1.72B$1.34B$1.19B
# Analysts333345424544333344444999131313131516
Surprise %--------1.02%0.97%0.98%0.95%0.97%0.97%1.04%1.04%1.05%1.04%1.06%1.05%0.99%1.03%0.95%1.03%1.01%0.99%0.99%0.98%1.01%1.03%

Packaging Corporation of America's average Quarter revenue forecast for Mar 24 based on 2 analysts is $1.91B, with a low forecast of $1.86B, and a high forecast of $1.98B. PKG's average Quarter revenue forecast represents a -1.47% decrease compared to the company's last Quarter revenue of $1.94B (Dec 23).

Packaging Corporation of America EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts333345424544333344444999131313131516
EBITDA--------$398.10M$256.80M$282.40M$268.70M$291.70M$363.90M$419.40M$360.10M$467.00M$463.40M$404.30M$343.90M$290.70M$310.60M$224.90M$310.00M$332.10M$358.80M$374.30M$368.20M$321.00M$295.60M
Avg Forecast$348.02M$369.70M$368.15M$341.76M$337.24M$340.00M$327.76M$523.34M$308.16M$322.71M$321.42M$475.77M$330.58M$433.50M$346.61M$432.51M$314.48M$312.30M$288.09M$270.88M$280.01M$266.32M$263.89M$161.57M$275.55M$287.56M$288.28M$270.61M$210.12M$285.99M
High Forecast$360.55M$383.01M$381.40M$354.06M$349.38M$344.88M$339.56M$628.01M$316.31M$342.23M$332.98M$570.92M$342.48M$520.20M$356.20M$519.02M$323.17M$320.93M$296.06M$325.06M$287.76M$273.68M$271.19M$193.89M$283.16M$295.51M$296.25M$324.73M$252.14M$343.18M
Low Forecast$338.86M$359.96M$358.45M$332.76M$328.36M$338.37M$319.13M$418.67M$298.37M$312.59M$312.95M$380.61M$321.88M$346.80M$337.05M$346.01M$305.80M$303.68M$280.15M$216.70M$272.29M$258.97M$256.61M$129.26M$267.94M$279.63M$280.33M$216.49M$168.09M$228.79M
Surprise %--------1.29%0.80%0.88%0.56%0.88%0.84%1.21%0.83%1.49%1.48%1.40%1.27%1.04%1.17%0.85%1.92%1.21%1.25%1.30%1.36%1.53%1.03%

2 analysts predict PKG's average Quarter EBITDA for Mar 24 to be $523.34M, with a high of $628.01M and a low of $418.67M. This is 31.46% upper than Packaging Corporation of America's previous annual EBITDA (Dec 23) of $398.10M.

Packaging Corporation of America Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts333345424544333344444999131313131516
Net Income--------$187.80M$183.20M$202.70M$190.10M$211.70M$262.50M$301.50M$254.20M$216.50M$250.70M$207.30M$166.50M$123.60M$139.10M$56.70M$141.70M$136.20M$179.80M$193.60M$186.80M$140.10M$117.40M
Avg Forecast$240.50M$274.09M$240.06M$181.39M$221.32M$222.13M$190.58M$283.17M$164.32M$172.86M$172.68M$257.43M$199.37M$234.52M$255.87M$234.03M$185.46M$209.97M$159.13M$131.15M$132.43M$127.47M$114.03M$109.18M$152.50M$170.62M$182.08M$184.89M$138.27M$113.58M
High Forecast$251.76M$286.92M$251.29M$189.87M$231.67M$224.82M$199.50M$339.80M$167.05M$174.65M$180.76M$308.91M$208.70M$281.43M$265.06M$280.83M$192.13M$217.51M$164.85M$157.38M$137.19M$132.05M$118.13M$131.01M$157.99M$176.75M$188.63M$221.87M$165.92M$136.30M
Low Forecast$232.27M$264.71M$231.84M$175.18M$213.74M$220.33M$184.06M$226.54M$160.66M$171.07M$166.77M$205.94M$192.54M$187.62M$246.69M$187.22M$178.81M$202.44M$153.42M$104.92M$127.68M$122.90M$109.94M$87.34M$147.04M$164.50M$175.55M$147.92M$110.61M$90.87M
Surprise %--------1.14%1.06%1.17%0.74%1.06%1.12%1.18%1.09%1.17%1.19%1.30%1.27%0.93%1.09%0.50%1.30%0.89%1.05%1.06%1.01%1.01%1.03%

Packaging Corporation of America's average Quarter net income forecast for Mar 24 is $283.17M, with a range of $226.54M to $339.80M. PKG's average Quarter net income forecast represents a 50.78% increase compared to the company's last Quarter net income of $187.80M (Dec 23).

Packaging Corporation of America SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts333345424544333344444999131313131516
SG&A--------$142.80M$144.20M$145.60M$148.20M$145.60M$145.20M$156.70M$161.10M$141.10M$144.50M$146.30M$145.00M$130.30M$127.10M$136.30M$145.90M$137.00M$136.90M$143.70M$140.00M$134.90M$128.40M
Avg Forecast$164.24M$174.46M$173.73M$161.28M$159.15M$160.45M$154.67M$179.46M$145.42M$152.29M$151.68M$163.15M$156.00M$135.18M$163.57M$148.31M$148.40M$147.38M$135.95M$114.21M$132.14M$125.68M$124.53M$112.41M$130.03M$135.70M$136.04M$138.57M$133.14M$124.22M
High Forecast$170.15M$180.74M$179.98M$167.08M$164.88M$162.75M$160.24M$215.35M$149.27M$161.50M$157.14M$195.77M$161.62M$162.21M$168.09M$177.98M$152.51M$151.45M$139.71M$137.05M$135.80M$129.15M$127.98M$134.90M$133.63M$139.45M$139.80M$166.29M$159.76M$149.07M
Low Forecast$159.91M$169.87M$169.16M$157.03M$154.96M$159.68M$150.60M$143.57M$140.81M$147.51M$147.69M$130.52M$151.90M$108.14M$159.06M$118.65M$144.31M$143.31M$132.20M$91.37M$128.50M$122.21M$121.10M$89.93M$126.45M$131.96M$132.29M$110.86M$106.51M$99.38M
Surprise %--------0.98%0.95%0.96%0.91%0.93%1.07%0.96%1.09%0.95%0.98%1.08%1.27%0.99%1.01%1.09%1.30%1.05%1.01%1.06%1.01%1.01%1.03%

Packaging Corporation of America's average Quarter SG&A projection for Mar 24 is $179.46M, based on 2 Wall Street analysts, with a range of $143.57M to $215.35M. The forecast indicates a 25.67% rise compared to PKG last annual SG&A of $142.80M (Dec 23).

Packaging Corporation of America EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts333345424544333344444999131313131516
EPS--------$2.10$2.04$2.25$2.12$2.32$2.81$3.22$2.71$2.29$2.64$2.18$1.75$1.30$1.47$0.60$1.50$1.44$1.90$2.05$1.98$1.48$1.25
Avg Forecast$2.69$3.06$2.68$2.02$2.47$2.48$2.13$1.68$1.83$1.93$1.93$2.27$2.23$2.81$2.86$2.52$2.07$2.34$1.78$1.44$1.48$1.42$1.27$1.22$1.70$1.90$2.03$1.96$1.51$1.19
High Forecast$2.81$3.20$2.81$2.12$2.59$2.51$2.23$1.76$1.86$1.95$2.02$2.37$2.33$2.94$2.96$2.61$2.14$2.43$1.84$1.50$1.53$1.47$1.32$1.27$1.76$1.97$2.11$2.03$1.81$1.43
Low Forecast$2.59$2.96$2.59$1.96$2.39$2.46$2.05$1.62$1.79$1.91$1.86$2.19$2.15$2.72$2.75$2.43$2.00$2.26$1.71$1.39$1.43$1.37$1.23$1.18$1.64$1.84$1.96$1.89$1.21$0.95
Surprise %--------1.14%1.06%1.17%0.94%1.04%1.00%1.13%1.08%1.11%1.13%1.23%1.21%0.88%1.03%0.47%1.23%0.85%1.00%1.01%1.01%0.98%1.05%

According to 2 Wall Street analysts, Packaging Corporation of America's projected average Quarter EPS for Mar 24 is $1.68, with a low estimate of $1.62 and a high estimate of $1.76. This represents a -20.07% decrease compared to PKG previous annual EPS of $2.10 (Dec 23).

Packaging Corporation of America Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SEESealed Air$33.26$52.8959.02%Buy
OIO-I Glass$12.70$16.8632.76%Buy
CCKCrown$91.34$100.259.75%Buy
REYNReynolds Consumer Products$31.95$35.009.55%Hold
AVYAvery Dennison$219.42$235.007.10%Buy
GPKGraphic Packaging Company$29.88$31.886.69%Buy
BALLBall$66.00$70.366.61%Buy
SLGNSilgan$50.53$52.804.49%Buy
WRKWestRock$51.51$49.75-3.42%Buy
AMCRAmcor$10.99$10.30-6.28%Hold
PKGPackaging Corporation of America$210.27$166.00-21.05%Hold

PKG Forecast FAQ


No, according to 9 Wall Street analysts, Packaging Corporation of America (PKG) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 33.33% of PKG's total ratings.

Packaging Corporation of America (PKG) average price target is $166 with a range of $147 to $191, implying a -21.05% from its last price of $210.27. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for PKG stock, the company can go down by -21.05% (from the last price of $210.27 to the average price target of $166), down by -9.16% based on the highest stock price target, and down by -30.09% based on the lowest stock price target.

PKG's average twelve months analyst stock price target of $166 does not support the claim that Packaging Corporation of America can reach $300 in the near future.

Packaging Corporation of America's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $8.12B (high $8.36B, low $7.95B), average EBITDA is $1.53B (high $1.66B, low $1.4B), average net income is $917.2M (high $995.8M, low $844.66M), average SG&A $653.73M (high $703.22M, low $608.8M), and average EPS is $8.76 (high $9.08, low $8.52). PKG's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $8.82B (high $9.14B, low $8.59B), average EBITDA is $1.43B (high $1.48B, low $1.39B), average net income is $936.04M (high $979.83M, low $903.99M), average SG&A $673.71M (high $697.96M, low $655.97M), and average EPS is $10.45 (high $10.94, low $10.09).

Based on Packaging Corporation of America's last annual report (Dec 2023), the company's revenue was $7.8B, which missed the average analysts forecast of $7.96B by -2.02%. Apple's EBITDA was $1.64B, beating the average prediction of $1.43B by 14.54%. The company's net income was $759M, missing the average estimation of $767.28M by -1.08%. Apple's SG&A was $580.9M, missing the average forecast of $612.54M by -5.16%. Lastly, the company's EPS was $8.48, beating the average prediction of $7.96 by 6.54%. In terms of the last quarterly report (Dec 2023), Packaging Corporation of America's revenue was $1.94B, beating the average analysts' forecast of $1.9B by 1.80%. The company's EBITDA was $398.1M, beating the average prediction of $308.16M by 29.19%. Packaging Corporation of America's net income was $187.8M, beating the average estimation of $164.32M by 14.29%. The company's SG&A was $142.8M, missing the average forecast of $145.42M by -1.80%. Lastly, the company's EPS was $2.1, beating the average prediction of $1.83 by 14.48%