Packaging Corporation of America (PKG)

PKG Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for PKG stock have an average target of 187.2, with a low estimate of 140 and a high estimate of 215. The average target predicts a decrease of -2.10% from the current stock price of 191.21.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$140	$187.2	$194	$215
Change	-26.78%	-2.10%	+1.46%	+12.44%

Analyst Ratings

The average analyst rating for PKG stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	1	2	2	2	2	2
Buy	0	0	1	1	1	1
Hold	5	4	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Roxland Truist Securities	Truist Securities	Strong Buy Maintains $208 → $215	Strong Buy	Maintains	$208 → $215	+12.44%	Jul 16, 2024
Gabe Hajde Wells Fargo	Wells Fargo	Buy Maintains $191 → $194	Buy	Maintains	$191 → $194	+1.46%	Jul 10, 2024
Anthony Pettinari Citigroup	Citigroup	Hold Maintains $181 → $187	Hold	Maintains	$181 → $187	-2.20%	Jul 8, 2024
George Staphos B of A Securities	B of A Securities	Strong Buy Maintains $197 → $200	Strong Buy	Maintains	$197 → $200	+4.60%	Jun 17, 2024
Michael Roxland Truist Securities	Truist Securities	Strong Buy Maintains $191 → $208	Strong Buy	Maintains	$191 → $208	+8.78%	May 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

8.17B

Increased by 4.70%

from 7.80B

Revenue Next Year

8.50B

Increased by 4.08%

from 8.17B

EPS This Year

8.76

Increased by 3.30%

from 8.48

EPS Next Year

10.07

Increased by 14.92%

from 8.76

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	6.96B	6.66B	7.73B	8.48B	7.80B	8.17B	8.50B	8.81B	9.08B	9.37B
Revenue Growth	-0.72%	-4.40%	16.10%	9.67%	-7.97%	4.70%	4.08%	3.59%	3.09%	3.25%
EPS	7.34	4.84	8.83	11.03	8.48	8.76	10.07	10.69	11.98	12.39
EPS Growth	-5.90%	-34.06%	82.44%	24.92%	-23.12%	3.30%	14.92%	6.22%	12.03%	3.41%
Forward PE	-	-	-	-	-	21.83	18.99	17.88	15.96	15.44
No. Analysts	-	-	-	-	-	11	10	5	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	8.7B	9.1B	9.3B	9.6B	10.0B
Avg	8.2B	8.5B	8.8B	9.1B	9.4B
Low	7.8B	8.0B	8.4B	8.6B	8.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	11.4%	11.4%	9.3%	9.3%	9.8%
Avg	4.7%	4.1%	3.6%	3.1%	3.2%
Low	-0.6%	-2.1%	-1.3%	-2.0%	-2.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	9.71	11.71	12.30	13.57	14.27
Avg	8.76	10.07	10.69	11.98	12.39
Low	7.89	8.82	9.80	10.58	10.72

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	14.5%	33.6%	22.1%	26.9%	19.1%
Avg	3.3%	14.9%	6.2%	12.0%	3.4%
Low	-7.0%	0.7%	-2.7%	-1.0%	-10.5%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.