Graphic Packaging Holding PT Raised to $12.00 (GPK)
Research analysts at Longbow Research boosted their price target on shares of Graphic Packaging Holding (NYSE:GPK) from $10.00 to $12.00 in a report released on Friday, Analyst Ratings Network.com reports. Longbow Research’s target price would indicate a potential upside of 21.33% from the stock’s previous close.
Graphic Packaging Holding (NYSE:GPK) traded up 3.67% during mid-day trading on Friday, hitting $9.89. 5,712,408 shares of the company’s stock traded hands. Graphic Packaging Holding has a 52 week low of $7.05 and a 52 week high of $9.94. The stock has a 50-day moving average of $9.38 and a 200-day moving average of $8.81. The company has a market cap of $3.448 billion and a price-to-earnings ratio of 27.73.
Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company posted $0.08 earnings per share. Graphic Packaging Holding’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that Graphic Packaging Holding will post $0.63 earnings per share for the current fiscal year.
Separately, analysts at Robert W. Baird raised their price target on shares of Graphic Packaging Holding from $11.00 to $13.00 in a research note to investors on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $10.47.
Graphic Packaging Holding Company (NYSE:GPK) is a provider of packaging solutions for a variety of products to food, beverage and other consumer products companies.
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