In a report released on November 15, Arun Viswanathan from RBC Capital maintained a Buy rating on Graphic Packaging (GPK – Research Report), with a price target of $31.00. The company’s shares closed yesterday at $22.35.
Viswanathan covers the Basic Materials sector, focusing on stocks such as Albemarle, FMC, and Quaker Chemical. According to TipRanks, Viswanathan has an average return of 1.7% and a 50.81% success rate on recommended stocks.
In addition to RBC Capital, Graphic Packaging also received a Buy from Robert W. Baird’s Ghansham Panjabi in a report issued on November 1. However, on October 31, Wells Fargo reiterated a Sell rating on Graphic Packaging (NYSE: GPK).
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GPK market cap is currently $6.75B and has a P/E ratio of 9.98.
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Graphic Packaging (GPK) Company Description:
Graphic Packaging Holding Co. provides paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. It also produces folding cartons, kraft paperboard, coated-recycled boxboard and multi-wall bags. The company operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The Paperboard Mills segment includes the eight North American paperboard mills which produce coated unbleached kraft paperboard and coated-recycled paperboard. The Americas Paperboard Packaging segment includes paperboard folding cartons sold primarily to consumer packaged goods companies serving the food, beverage, and consumer product markets primarily in the Americas. The Europe Paperboard Packaging segment includes paperboard folding cartons sold primarily to consumer packaged goods companies serving the food, beverage and consumer product markets in Europe. Graphic Packaging Holding was founded on December 28, 1992 and is headquartered in Atlanta, GA.
Read More on GPK:
- Graphic Packaging Holding Company Declares Quarterly Dividend
- Graphic Packaging upgraded to Buy at BofA after Q3 report
- Graphic Packaging upgraded to Buy from Neutral at BofA
- Graphic Packaging raises FY23 adjusted EPS view to $2.85-$3.00 from $2.70-$3.10
- Graphic Packaging reports Q3 adjusted EPS 74c, consensus 71c
