RBC Capital analyst Arun Viswanathan maintained a Buy rating on Graphic Packaging (GPK – Research Report) on February 6 and set a price target of $30.00. The company’s shares closed yesterday at $24.96.
Viswanathan covers the Basic Materials sector, focusing on stocks such as LyondellBasell, Corteva, and Huntsman. According to TipRanks, Viswanathan has an average return of 4.7% and a 54.66% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Graphic Packaging with a $27.20 average price target.
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Based on Graphic Packaging’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.35 billion and a net profit of $170 million. In comparison, last year the company earned a revenue of $2.45 billion and had a net profit of $193 million
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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.
