Graphic Packaging Holding Company Upgraded to Outperform by Zacks (GPK)
Graphic Packaging Holding Company (NYSE:GPK) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Friday. The firm currently has a $12.90 price objective on the stock. Zacks‘s price target suggests a potential upside of 4.96% from the company’s current price.
Graphic Packaging Holding Company (NYSE:GPK) traded down 0.32% on Friday, hitting $12.29. 3,457,138 shares of the company’s stock traded hands. Graphic Packaging Holding Company has a 52 week low of $8.05 and a 52 week high of $12.54. The stock’s 50-day moving average is $11.62 and its 200-day moving average is $10.49. The company has a market cap of $4.018 billion and a price-to-earnings ratio of 28.74. Graphic Packaging Holding Company also was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 7,464,809 shares, a growth of 59.7% from the June 30th total of 4,673,727 shares. Based on an average trading volume of 2,363,970 shares, the days-to-cover ratio is presently 3.2 days. Currently, 2.3% of the shares of the company are short sold.
Graphic Packaging Holding Company (NYSE:GPK) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.03. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company posted $0.13 earnings per share. Graphic Packaging Holding Company’s revenue was down 2.0% compared to the same quarter last year. Analysts expect that Graphic Packaging Holding Company will post $0.66 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of Graphic Packaging Holding Company from $13.00 to $15.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Graphic Packaging Holding Company in a research note on Monday, April 28th. They now have a $12.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $12.03.
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.
To view Zacks’ full report, visit Zacks’ official website.
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