Recent Bearish Trend for Packaging Corporation (PKG) Offers Attractive Entry Point

Packaging Corporation of America (NYSE:PKG) is one of the 8 best paper and plastic packaging stocks to buy according to hedge funds.

On January 29, Michael Roxland from Truist Financial reduced his price target for Packaging Corporation of America (NYSE:PKG) from $273 to $270. The analyst maintained a Buy rating on the stock despite the company missing its fourth-quarter earnings expectations.

He noted that a bearish trend in share price following the announcement leads to a compelling buying opportunity, as the company is well-positioned for 2026 amid strong demand. Roxland’s revised price target still yields an upside potential of 13% at the prevailing level.

On January 26, Citi analyst Anthony Pettinari raised his price target on Packaging Corporation of America (NYSE:PKG) from $226 to $227, maintaining a Neutral rating.

Pettinari attributed his Neutral rating to the company’s fourth-quarter announcement, in which results missed consensus estimates. In line with that, he shared a light outlook for Q1. However, the analyst expects positive indicators ahead of the price hikes expected in March.

Packaging Corporation of America (NYSE:PKG) sells containerboard, uncoated freesheet paper, and corrugated packaging products. They offer conventional shipping containers, multi-color boxes, and honeycomb protective packaging products with industrial and consumer sector applications. They also sell cut-size office papers, printing & converting papers, and white papers.

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Disclosure: None. This article is originally published at Insider Monkey.