Packaging Corp Of America (PKG) Getting Somewhat Favorable Media Coverage, Study Finds
Media headlines about Packaging Corp Of America (NYSE:PKG) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Packaging Corp Of America earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.9149047889227 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Packaging Corporation of America — Moody’s rates Packaging Corp of America new notes Baa2 (finance.yahoo.com)
- BRIEF-Packaging Corp Of America Files For A Potential Senior Notes Offering (PKG) (markets.businessinsider.com)
- Natixis Asset Management Increased Packaging Corp.Of America (PKG) Holding; 17 Analysts Are Bullish Integrated … – Hill Country Times (hillcountrytimes.com)
- Investors Buy High Volume of Packaging Corp Of America Call Options (PKG) (americanbankingnews.com)
- BRIEF-Packaging Corp of America Files for Potential Debt Shelf (reuters.com)
Shares of Packaging Corp Of America (NYSE PKG) traded down $0.21 during trading on Monday, reaching $118.13. The company’s stock had a trading volume of 755,791 shares, compared to its average volume of 885,552. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.49 and a current ratio of 2.45. Packaging Corp Of America has a 52-week low of $84.01 and a 52-week high of $120.75. The firm has a market cap of $11,160.00, a P/E ratio of 20.76, a P/E/G ratio of 2.37 and a beta of 1.81.
A number of research firms recently weighed in on PKG. BMO Capital Markets restated an “outperform” rating and issued a $122.00 price objective (up from $118.00) on shares of Packaging Corp Of America in a report on Tuesday, August 22nd. Jefferies Group restated a “buy” rating and issued a $128.00 price objective on shares of Packaging Corp Of America in a report on Friday, August 18th. Barclays increased their price objective on Packaging Corp Of America from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, October 30th. Vertical Research restated a “buy” rating and issued a $124.00 price objective (up from $118.00) on shares of Packaging Corp Of America in a report on Wednesday, August 23rd. Finally, KeyCorp restated a “hold” rating on shares of Packaging Corp Of America in a report on Sunday, October 29th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $117.36.
In other news, SVP Charles J. Carter sold 6,150 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $117.04, for a total value of $719,796.00. Following the completion of the sale, the senior vice president now directly owns 24,265 shares in the company, valued at approximately $2,839,975.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Thomas A. Hassfurther sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $117.94, for a total value of $707,640.00. Following the completion of the sale, the vice president now owns 155,071 shares of the company’s stock, valued at $18,289,073.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,177 shares of company stock valued at $2,135,172. Company insiders own 1.20% of the company’s stock.
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About Packaging Corp Of America
Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.
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