The stock of Graphic Packaging Holding Company (NYSE:GPK) is a huge mover today! About 3.24M shares traded hands or 6.58% up from the average. Graphic Packaging Holding Company (NYSE:GPK) has risen 4.48% since March 3, 2016 and is uptrending. It has underperformed by 3.87% the S&P500.
The move comes after 8 months positive chart setup for the $4.37 billion company. It was reported on Oct, 6 by Barchart.com. We have $19.47 PT which if reached, will make NYSE:GPK worth $1.79B more.
Analysts await Graphic Packaging Holding Company (NYSE:GPK) to report earnings on October, 27. They expect $0.21 earnings per share, up 5.00% or $0.01 from last year’s $0.2 per share. GPK’s profit will be $66.45M for 16.44 P/E if the $0.21 EPS becomes a reality. After $0.19 actual earnings per share reported by Graphic Packaging Holding Company for the previous quarter, Wall Street now forecasts 10.53% EPS growth.
Graphic Packaging Holding Company (NYSE:GPK) Ratings Coverage
Out of 6 analysts covering Graphic Packaging Holding Company (NYSE:GPK), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Graphic Packaging Holding Company has been the topic of 8 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, May 12 by Goldman Sachs. The company was downgraded on Monday, October 3 by Bank of America. The company was maintained on Wednesday, July 27 by Citigroup. As per Monday, January 25, the company rating was upgraded by Macquarie Research. The firm has “Neutral” rating by Macquarie Research given on Tuesday, November 10. Vertical Research initiated the stock with “Buy” rating in Wednesday, September 2 report. The rating was initiated by RBC Capital Markets on Friday, September 30 with “Outperform”.
According to Zacks Investment Research, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world.”
Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.08, from 0.92 in 2016Q1. The ratio improved, as 27 funds sold all Graphic Packaging Holding Company shares owned while 95 reduced positions. 37 funds bought stakes while 85 increased positions. They now own 309.89 million shares or 1.43% more from 305.53 million shares in 2016Q1.
Teachers Advsr has 848,669 shares for 0.02% of their US portfolio. The Nevada-based Whittier Of Nevada has invested 0% in Graphic Packaging Holding Company (NYSE:GPK). Secor Advsrs Limited Partnership has 120,417 shares for 0.19% of their US portfolio. Babson Mgmt Ltd Company accumulated 194,700 shares or 0.06% of the stock. Macquarie Group Ltd holds 0.01% of its portfolio in Graphic Packaging Holding Company (NYSE:GPK) for 511,606 shares. Spot Trading Lc has 5,200 shares for 0% of their US portfolio. The Mississippi-based Hancock Hldgs has invested 0.35% in Graphic Packaging Holding Company (NYSE:GPK). Reilly Fincl Lc has 540,589 shares for 1.24% of their US portfolio. Cubist Systematic Strategies Limited accumulated 82,627 shares or 0.06% of the stock. Hbk Invests Limited Partnership has 20,105 shares for 0% of their US portfolio. Bnp Paribas Inv Sa accumulated 0.03% or 286,495 shares. Bogle Inv L P De owns 919,917 shares or 0.8% of their US portfolio. Williams Jones And Associates Ltd Liability has 0.01% invested in the company for 23,650 shares. The New York-based Millennium Mgmt Limited Liability Corporation has invested 0.06% in Graphic Packaging Holding Company (NYSE:GPK). Manufacturers Life Insur Communications The holds 0% or 9,260 shares in its portfolio.
Another recent and important Graphic Packaging Holding Company (NYSE:GPK) news was published by Benzinga.com which published an article titled: “Paperboard Price Declines Weigh On Graphic Packaging Shares, Baird Says Buy On …” on September 19, 2016.
GPK Company Profile
Graphic Packaging Holding Company, incorporated on June 21, 2007, is a well-known provider of paper packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s divisions include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, Flexible Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s approximately seven North American paperboard mills, which produce primarily coated unbleached kraft (CUK) and coated recycled board (CRB). The Americas Paperboard Packaging segment includes paperboard packaging folding cartons sold primarily to consumer packaged goods (CPG) companies serving the food, beverage and consumer product markets in the Americas. The Europe Paperboard Packaging includes paperboard packaging folding cartons sold primarily to CPG companies serving the food, beverage and consumer product markets in Europe. The Corporate and Other segment includes the Pacific Rim operating segment, and unallocated corporate and one-time costs.
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