Graphic Packaging Holding Company Hits New 1-Year High at $12.64 (GPK)
Graphic Packaging Holding Company (NYSE:GPK)’s share price reached a new 52-week high during trading on Tuesday , Stock Ratings News reports. The stock traded as high as $12.64 and last traded at $12.59, with a volume of 2,582,579 shares trading hands. The stock had previously closed at $12.51.
A number of research firms have recently commented on GPK. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Graphic Packaging Holding Company in a research note on Wednesday, July 30th. They now have a $14.50 price target on the stock, up previously from $14.00. Separately, analysts at Zacks upgraded shares of Graphic Packaging Holding Company from a “neutral” rating to an “outperform” rating in a research note on Friday, July 25th. They now have a $12.90 price target on the stock. Finally, 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. Four equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $13.58.
The stock has a 50-day moving average of $11.88 and a 200-day moving average of $10.8. The company has a market cap of $4.094 billion and a P/E ratio of 49.25.
Graphic Packaging Holding Company (NYSE:GPK) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts expect that Graphic Packaging Holding Company will post $0.71 EPS 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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