What Are Wall Street Analysts' Target Price for Packaging Corporation Stock?

Valued at a market cap of $18.3 billion, Packaging Corporation of America (PKG) is the third largest producer of containerboard products and a leading manufacturer of uncoated freesheet paper in North America. The Illinois-based company operates through three segments: Packaging; Paper; and Corporate and Other, offering a wide range of packaging and paper products.

Shares of this packaging company have outperformed the broader market over the past 52 weeks. PKG has rallied 40.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 27%. In 2024, shares of PKG are up 25.1%, compared to SPX’s 18.1% gain on a YTD basis.