Analyst Expectations for Packaging Corp of America's Future
Portfolio Pulse from Benzinga Insights
Packaging Corp of America (NYSE:PKG) has received mostly indifferent analyst ratings in the last quarter, with 5 out of 6 ratings being neutral. There was one bullish rating and no bearish or somewhat bearish ratings. The average 12-month price target for PKG among these analysts is $155.5, with a high of $173.00 and a low of $140.00. This target has increased by 10.03% from the previous average of $141.33. Analysts typically review stocks each quarter and base their ratings on company performance, financial statements, and insider communications.
November 30, 2023 | 3:00 pm
News sentiment analysis
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POSITIVE IMPACT
Packaging Corp of America has a neutral outlook from analysts with an updated higher average price target of $155.5, suggesting a positive sentiment.
The increase in the average price target for PKG reflects a positive adjustment in analysts' expectations, which could lead to a short-term positive impact on the stock price. The lack of bearish ratings further supports a potentially bullish sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100