Packaging (PKG) Gets a Hold from Wells Fargo

In a report released today, Gabrial Hajde from Wells Fargo maintained a Hold rating on Packaging, with a price target of $222.00. The company’s shares closed yesterday at $212.93.

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According to TipRanks, Hajde is a 3-star analyst with an average return of 2.5% and a 55.88% success rate. Hajde covers the Consumer Cyclical sector, focusing on stocks such as O-I Glass, Packaging, and Crown Holdings.

Packaging has an analyst consensus of Moderate Buy, with a price target consensus of $236.33, which is a 10.99% upside from current levels. In a report released today, Citi also maintained a Hold rating on the stock with a $218.00 price target.

PKG market cap is currently $19.16B and has a P/E ratio of 21.41.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PKG in relation to earlier this year. Last month, Mark Kowlzan, the Chairman & CEO of PKG sold 25,000.00 shares for a total of $5,399,250.00.