Graphic Packaging Holding Company (GPK) is Initiated by CLSA to Outperform

Graphic Packaging Holding Company (GPK) was Initiated by CLSA to “Outperform”. CLSA advised their investors in a research report released on Nov 22, 2016.

Many Wall Street Analysts have commented on Graphic Packaging Holding Company. RBC Capital Mkts Initiated Graphic Packaging Holding Company on Sep 30, 2016 to “Outperform”, Price Target of the shares are set at $17.

On the company’s financial health, Graphic Packaging Holding Company reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 25, 2016. Analyst had a consensus of $0.21. The company had revenue of $1103.70 million for the quarter, compared to analysts expectations of $1136.31 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Graphic Packaging Holding Company opened for trading at $12.93 and hit $13.03 on the upside on Monday, eventually ending the session at $12.97, with a gain of 0.31% or 0.04 points. The heightened volatility saw the trading volume jump to 13,10,090 shares. Company has a market cap of $4,119 M.

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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