Graphic Packaging Holding’s “Buy” Rating Reaffirmed at Citigroup Inc. (GPK)
Graphic Packaging Holding (NYSE:GPK)‘s stock had its “buy” rating restated by analysts at Citigroup Inc. in a research report issued to clients and investors on Monday, AnalystRatings.Net reports. They currently have a $12.00 target price on the stock. Citigroup Inc.’s target price would indicate a potential upside of 17.76% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Graphic Packaging Holding from $12.00 to $13.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Longbow Research reiterated a “buy” rating on shares of Graphic Packaging Holding in a research note on Friday. They now have a $12.50 price target on the stock. Finally, analysts at Longbow Research raised their price target on shares of Graphic Packaging Holding from $10.00 to $12.00 in a research note on Friday, February 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $11.26.
Shares of Graphic Packaging Holding (NYSE:GPK) traded down 1.26% during mid-day trading on Monday, hitting $10.19. The stock had a trading volume of 2,840,890 shares. Graphic Packaging Holding has a one year low of $7.26 and a one year high of $10.60. The stock’s 50-day moving average is $10.08 and its 200-day moving average is $9.47. The company has a market cap of $3.309 billion and a price-to-earnings ratio of 24.57.
Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts predict that Graphic Packaging Holding will post $0.65 earnings per share for the current fiscal year.
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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