Graphic Packaging Holding Company (GPK) is Initiated by RBC Capital Mkts to Outperform, Price Target at $17

Graphic Packaging Holding Company (GPK) was Initiated by RBC Capital Mkts to “Outperform” and the brokerage firm has set the Price Target at $17. RBC Capital Mkts advised their investors in a research report released on Sep 30, 2016.

On the company’s financial health, Graphic Packaging Holding Company reported $0.19 EPS for the quarter, based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus estimate of $0.19. The company had revenue of $1103.20 million for the quarter, compared to analysts expectations of $1099.21 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Graphic Packaging Holding Company closed down -0.23 points or -1.63% at $13.86 with 25,04,793 shares getting traded on Tuesday. Post opening the session at $14.11, the shares hit an intraday low of $13.85 and an intraday high of $14.11 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 17, 2016, Harold R Jr Logan (director) sold 14,568 shares at $13.99 per share price. According to the SEC, on May 16, 2016, David W Scheible (Chairman) sold 150,000 shares at $13.24 per share price. On May 13, 2016, Alan R Nichols (SVP, Mills) sold 79,774 shares at $13.40 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Graphic Packaging Holding Company

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