Packaging Corporation of America (PKG)
NYSE: PKG · IEX Real-Time Price · USD
188.94
+2.07 (1.11%)
Mar 27, 2024, 4:00 PM EDT - Market closed

PKG Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for PKG stock have an average target of 164.5, with a low estimate of 140 and a high estimate of 187. The average target predicts a decrease of -12.94% from the current stock price of 188.94.

Analyst Consensus: Buy
Target Low Average Median High
Price $140 $164.5 $173 $187
Change -25.90% -12.94% -8.44% -1.03%
* Price targets were last updated on Jan 4, 2024.

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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 111112
Buy 000000
Hold 444554
Sell 000000
Strong Sell 000000
Total 555666

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
B of A Securities
B of A Securities
Strong Buy
Upgrades
n/a
Strong Buy Upgrades n/a n/a Mar 4, 2024
Seaport Global
Seaport Global
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Jan 29, 2024
Truist Securities
Truist Securities
Strong Buy
Maintains
$170$187
Strong Buy Maintains $170$187 -1.03% Jan 4, 2024
Wells Fargo
Wells Fargo
Hold
Maintains
$147$173
Hold Maintains $147$173 -8.44% Nov 30, 2023
Citigroup
Citigroup
Hold
Maintains
$150$158
Hold Maintains $150$158 -16.38% Oct 25, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
8.04B
from 7.80B
Increased by 3.05%
Revenue Next Year
8.32B
from 8.04B
Increased by 3.46%
EPS This Year
8.89
from 8.48
Increased by 4.83%
EPS Next Year
10.21
from 8.89
Increased by 14.82%
Year 2019202020212022202320242025202620272028
Revenue
6.96B6.66B7.73B8.48B7.80B8.04B8.32B8.60B8.87B9.14B
Revenue Growth
-0.72%-4.40%16.10%9.67%-7.97%3.05%3.46%3.37%3.21%2.97%
EPS
7.344.848.8311.038.488.8910.2110.8510.4010.73
EPS Growth
-5.90%-34.06%82.44%24.92%-23.12%4.83%14.82%6.25%-4.08%3.11%
No. Analysts -----1110522
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 8.5B 8.9B 9.2B 9.2B 9.5B
Avg 8.0B 8.3B 8.6B 8.9B 9.1B
Low 7.6B 7.8B 8.0B 8.6B 8.9B

Revenue Growth

Revenue Growth 20242025202620272028
High
9.1%
10.1%
10.3%
7.3%
7.1%
Avg
3.0%
3.5%
3.4%
3.2%
3.0%
Low
-2.0%
-2.5%
-4.1%
0.1%
-0.1%

EPS Forecast

EPS 20242025202620272028
High 10.45 11.74 13.06 10.82 11.15
Avg 8.89 10.21 10.85 10.40 10.73
Low 7.65 8.89 9.41 10.09 10.41

EPS Growth

EPS Growth 20242025202620272028
High
23.2%
32.1%
28.0%
-0.3%
7.2%
Avg
4.8%
14.8%
6.2%
-4.1%
3.1%
Low
-9.8%
0.1%
-7.8%
-6.9%
0.0%
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.