Packaging Co. of America (PKG) Stock Forecast & Price Target

$201.09

+4.35 (+2.21%)

(As of 08/21/2024 ET)

Packaging Co. of America - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Packaging Co. of America in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 4 have given a hold rating, and 3 have given a buy rating for PKG.

Consensus Price Target

$190.50
-5.27% Downside

High Forecast	$219.00
Average Forecast	$190.50
Low Forecast	$140.00

According to the 7 analysts' twelve-month price targets for Packaging Co. of America, the average price target is $190.50. The highest price target for PKG is $219.00, while the lowest price target for PKG is $140.00. The average price target represents a forecasted downside of -5.27% from the current price of $201.09.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Hold	Hold	Hold	Reduce
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	1 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$190.50	$186.33	$173.57	$131.50
Forecasted Upside	-5.27% Downside	4.57% Upside	3.21% Upside	-1.46% Downside

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PKG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PKG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Packaging Co. of America Stock vs. The Competition

Type	Packaging Co. of America	Industrial Products Companies	S&P 500
Consensus Rating Score	2.43	2.54	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-5.27% Downside	40.94% Upside	8.75% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/25/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$194.00 ➝ $215.00	+10.25%
7/25/2024	Truist Financial 1 of 5 stars		Boost Target	Buy ➝ Buy	$215.00 ➝ $219.00	+12.27%
7/8/2024	Citigroup 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$181.00 ➝ $187.00	+4.73%
6/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$197.00 ➝ $200.00	+8.48%
4/12/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$182.00	-2.30%
1/29/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Weintraub Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
Get the Latest News and Ratings for PKG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Packaging Co. of America and its competitors with MarketBeat's FREE daily newsletter.
10/18/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$142.00 ➝ $140.00	-8.75%
6/30/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$137.00 ➝ $132.00	+0.11%
4/26/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/26/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
10/27/2022	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kyle White, CFA Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$104.00 ➝ $99.00	-14.92%
10/26/2022	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$155.00 ➝ $130.00	+12.14%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:34 AM ET.

PKG Forecast - Frequently Asked Questions

What is Packaging Co. of America's forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Packaging Co. of America is $190.50, with a high forecast of $219.00 and a low forecast of $140.00.
Should I buy or sell Packaging Co. of America stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PKG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PKG, but not buy additional shares or sell existing shares.
Does Packaging Co. of America's stock price have much upside?: According to analysts, Packaging Co. of America's stock has a predicted upside of 4.60% based on their 12-month stock forecasts.
What analysts cover Packaging Co. of America?: Packaging Co. of America has been rated by research analysts at Bank of America, Citigroup, Truist Financial, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Packaging Co. of America more than its competitors?: Analysts like Packaging Co. of America less than other "industrial products" companies. The consensus rating for Packaging Co. of America is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how PKG compares to other companies.