Price Target Update on Graphic Packaging Holding Company (NYSE:GPK)

Graphic Packaging Holding Company (NYSE: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 $14. The average forecast of all the analysts is $14.96 and the expected standard deviation is $0.66.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Goldman Sachs assumes its ratings on Graphic Packaging Holding Company (NYSE:GPK). In the latest research report, Goldman Sachs announces the target price to $16.5 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 1, 2016.

Graphic Packaging Holding Company (NYSE:GPK): stock turned positive on Thursday. Though the stock opened at $13.14, the bulls momentum made the stock top out at $13.24 level for the day. The stock recorded a low of $13.04 and closed the trading day at $13.07, in the green by 0.46%. The total traded volume for the day was 4,713,585. The stock had closed at $13.01 in the previous days trading.

The company shares have dropped -6.20% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $15.28 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $13.14 and the 200 Day Moving Average price is recorded at $12.65. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman) of Graphic Packaging Holding Co, Scheible David W had sold 150,000 shares worth of $1,986,000 in a transaction dated May 13, 2016. In this transaction, 150,000 shares were sold at $13.24 per share.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.