Graphic Packaging Receives a New Rating from Top Analyst

By Ryan Adsit

Jefferies analyst Philip Ng reiterated a Hold rating on Graphic Packaging (NYSE: GPK) yesterday and set a price target of $14. The company’s shares closed yesterday at $13.12.

According to TipRanks.com, Ng is a top 25 analyst with an average return of 18.7% and a 86.3% success rate. Ng covers the Consumer Goods sector, focusing on stocks such as Orchids Paper Products Company, International Paper Co, and Sonoco Products.

Graphic Packaging has an analyst consensus of Moderate Buy, with a price target consensus of $14.83.

Based on Graphic Packaging’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.06 billion and quarterly net profit of $37 million. In comparison, last year the company earned revenue of $1.03 billion and had a net profit of $57.5 million.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Harold Logan, a Director at GPK sold 9,200 shares for a total of $124,568.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Graphic Packaging Holding Co. provides paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. It also produces folding cartons, kraft paperboard, coated-recycled boxboard and multi-wall bags. The company operates through the following segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The Paperboard Packaging segment includes the seven North American paperboard mills which produce coated unbleached kraft paperboard and coated-recycled paperboard. The Americas Paperboard Packaging segment includes paperboard folding cartons sold primarily to consumer packaged goods companies serving the food, beverage, and consumer product markets primarily in the Americas. The Europe Paperboard Packaging segment includes paperboard folding cartons sold primarily to consumer packaged goods companies serving the food, beverage and consumer product markets in Europe. Graphic Packaging Holding was founded on June 21, 2007 and is headquartered in Marietta, GA.