Several analysts have recently updated their ratings and price targets for Graphic Packaging Holding (NYSE: GPK):

  • 11/1/2017 – Graphic Packaging Holding was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “
  • 10/29/2017 – Graphic Packaging Holding had its “hold” rating reaffirmed by analysts at KeyCorp. They wrote, “We think the deal makes sense, but all large deals in the paper & packaging sector in recent years have been initially rewarded by investors, regardless of their logic (or eventual outcome). Key Investment Points Again, please see below for our analysis of the transaction. We are reducing our 2017 adjusted EBITDA estimate from $733 million to $715 million to reflect the Company’s third straight 2017 EBITDA guidance cut (GPK reduced its guidance from $715 million-$735 million to $715 million). Meanwhile, our 2018 EBITDA estimate is going from $783 million to $948 million, which requires an explanation.””
  • 10/26/2017 – Graphic Packaging Holding was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “
  • 10/25/2017 – Graphic Packaging Holding had its price target raised by analysts at Robert W. Baird from $16.00 to $18.00. They now have an “outperform” rating on the stock.
  • 10/25/2017 – Graphic Packaging Holding had its price target raised by analysts at BMO Capital Markets from $15.50 to $17.00. They now have an “outperform” rating on the stock.
  • 10/24/2017 – Graphic Packaging Holding is now covered by analysts at Stephens. They set an “overweight” rating and a $17.00 price target on the stock.
  • 10/12/2017 – Graphic Packaging Holding was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “
  • 10/10/2017 – Graphic Packaging Holding had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $15.00 price target on the stock.
  • 10/10/2017 – Graphic Packaging Holding had its “hold” rating reaffirmed by analysts at KeyCorp. They wrote, “We are raising our estimates for Graphic Packaging (GPK) on account of its recent acquisition of Norgraft Packaging, S.A. (which will contribute ~$4M-$5M of EBITDA in 2018 by our estimate) and the historic decline in U.S. OCC prices in October (we are inclined to attribute the recent strength in the stock to the weakness in OCC prices). Key Investment Points As a result of these two factors, our 4Q17 (and thus 2017) adj. EBITDA estimate is increasing by $13M and our 2018 estimate is increasing by the same $13M. GPK’s average fiber cost is down ~$45/ton since July, and given that GPK buys ~1 million tons of recycled fiber per year, the annualized benefit is $45 million.””
  • 10/4/2017 – Graphic Packaging Holding had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 9/26/2017 – Graphic Packaging Holding was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “

Shares of Graphic Packaging Holding Company (NYSE:GPK) opened at $15.54 on Tuesday. Graphic Packaging Holding Company has a 52-week low of $12.00 and a 52-week high of $15.85. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50. The company has a market cap of $4,723.14, a P/E ratio of 25.00, a P/E/G ratio of 4.64 and a beta of 1.20.

Graphic Packaging Holding (NYSE:GPK) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $0.18 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.18. Graphic Packaging Holding had a net margin of 3.70% and a return on equity of 17.27%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the company posted $0.20 earnings per share. Graphic Packaging Holding’s revenue for the quarter was up 3.1% compared to the same quarter last year. equities analysts forecast that Graphic Packaging Holding Company will post 0.66 EPS for the current fiscal year.

In related news, VP Deborah R. Frank sold 38,266 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $15.51, for a total transaction of $593,505.66. Following the completion of the sale, the vice president now owns 77,139 shares of the company’s stock, valued at $1,196,425.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

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