RBC Capital Initiates Coverage on Graphic Packaging Holding Company to Outperform

RBC Capital Initiates Coverage on Graphic Packaging Holding Company(NYSE:GPK). The shares have been rated Outperform. The rating by RBC Capital was issued on Sep 30, 2016.

In a different note, On Jul 27, 2016, Citigroup said it Maintains its rating on Graphic Packaging Holding Company. In the research note, the firm Raises the price-target to $15.50 per share. The shares have been rated ‘Buy’ by the firm.

Graphic Packaging Holding Company (GPK) shares turned negative on Tuesdays trading session with the shares closing down -0.14 points or -1.02% at a volume of 50,57,351. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.09. The peak price level was also seen at $14.09 while the days lowest was $13.64. Finally the shares closed at $13.65. The 52-week high of the shares is $14.7 while the 52-week low is $10.71. According to the latest information available, the market cap of the company is $4,356 M.

Graphic Packaging Holding Company(GPK) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.10B. Analysts had an estimated revenue of $1.10B. Earnings per share were $0.19. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On Aug 17, 2016, Harold R Jr Logan (director) sold 14,568 shares at $13.99 per share price.Also, 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.

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