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See what the IHS Markit Score report has to say about Packaging Corp Of America.

IHS Markit

Packaging Corp Of America

NYSE:PKG

Score: Negative (16)

46 days at current score.

Downgraded from Neutral on May 14th 2018

View full report here!

Summary


  • This company ranked negatively compared to the Industrials sector despite 2 positive IHS Markit Categories
  • Perception of the company's creditworthiness is negative
  • ETFs holding this stock are seeing positive inflows but are weakening
  • Bearish sentiment is low
  • Economic output in this company's sector is expanding


Bearish sentiment

Short interest | Positive

Short interest is extremely low for PKG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PKG.

Money flow

ETF/Index ownership | Negative

ETF activity is negative and may be weakening. The net inflows of $1.53 billion over the last one-month into ETFs that hold PKG are among the lowest of the last year and appear to be slowing.

Economic sentiment

PMI by IHS Markit | Positive

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating.

Credit worthiness

Credit default swap | Negative

The current level displays a negative indicator. PKG credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.

Please send all inquiries related to the report to score@ihsmarkit.com.

Charts and report PDFs will only be available for 30 days after publishing.

This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

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