Graphic Packaging Holding Company (GPK) : 5 analysts are covering Graphic Packaging Holding Company (GPK) and their average rating on the stock is 1, which is read as a Strong Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.
Graphic Packaging Holding Company (GPK) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $16 and the lowest price target forecast is $15. The average forecast of all the analysts is $15.18 and the expected standard deviation is $0.46.
Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Graphic Packaging Holding Company (NYSE:GPK). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $15.5 per share to $16 per share. The rating by the firm was issued on July 27, 2016.
Graphic Packaging Holding Company (NYSE:GPK): After opening at $13.81, the stock dipped to an intraday low of $13.79 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.14 and the buying power remained strong till the end. The stock closed at $14.1 for the day, a gain of 2.40% for the day session. The total traded volume was 3,525,452. The stocks close on the previous trading day was $13.77.
Graphic Packaging Holding Company is a provider of paper-based packaging solutions to food, beverage and other consumer products companies. The Company operates in four geographic areas, which includes the United States/Canada, Central/South America, Europe and Asia Pacific. The Companys paperboard packaging includes the design, manufacture and installation of packaging machinery related to the assembly of cartons, as well as the production and sale of corrugated medium and kraft paper from paperboard mills in the United States. It includes a system of mills and plants that produce a range of paperboard grades convertible into folding cartons. The Company offers various laminated, coated and printed packaging structures that are produced from its coated unbleached kraft (CUK), coated-recycled board (CRB), as well as other grades of paperboard that are purchased from third-party suppliers.