In a recent report, UBS analyst Anojja Shah has initiated coverage on Packaging Corp of America (PKG, Financial). The firm has assigned a 'Neutral' rating to the stock.
UBS has set a price target of $200.00 USD for PKG, which marks their initial target for the company's stock. Previously, there was no set price target available for Packaging Corp of America.
This initiation by UBS marks a significant step for PKG as the company continues to establish its presence in the packaging industry. Investors and stakeholders in Packaging Corp of America can now base their decisions on this new insight provided by UBS.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Packaging Corp of America (PKG, Financial) is $208.31 with a high estimate of $245.00 and a low estimate of $148.50. The average target implies an upside of 7.33% from the current price of $194.08. More detailed estimate data can be found on the Packaging Corp of America (PKG) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Packaging Corp of America's (PKG, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Packaging Corp of America (PKG, Financial) in one year is $182.61, suggesting a downside of 5.91% from the current price of $194.08. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Packaging Corp of America (PKG) Summary page.
