Graphic Packaging Holding Company Reaches New 52-Week High at $12.81 (GPK)
Graphic Packaging Holding Company (NYSE:GPK) shares hit a new 52-week high during trading on Friday , Analyst Ratings.Net reports. The company traded as high as $12.81 and last traded at $12.80, with a volume of 1,049,361 shares changing hands. The stock had previously closed at $12.66.
GPK has been the subject of a number of recent research reports. 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, Graphic Packaging Holding Company presently has a consensus rating of “Buy” and a consensus target price of $13.58.
The stock has a 50-day moving average of $12.07 and a 200-day moving average of $10.98. The company has a market cap of $4.186 billion and a P/E ratio of 49.84.
Graphic Packaging Holding Company (NYSE:GPK) last announced its 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 in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts predict that Graphic Packaging Holding Company will post $0.71 earnings per share for the current fiscal year.
In other Graphic Packaging Holding Company news, Director Michael G. Macdougall sold 147,166 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $12.39, for a total value of $1,823,386.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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