Bank of America Corp. downgraded Graphic Packaging Holding Company (NYSE:GPK) to Neutral in a statement released earlier today.
- Updated: October 3, 2016
Bank of America Corp. has downgraded Graphic Packaging Holding Company (NYSE:GPK) to Neutral in a statement released on 10/03/2016.
On Friday September 30, 2016, RBC Capital Markets released a statement for Graphic Packaging Holding Company (NYSE:GPK) bumped up the target price from $0.00 to $17.00 that suggested an upside of 0.25%.
Boasting a price of $13.99, Graphic Packaging Holding Company (NYSE:GPK) traded -2.14% lower on the day. With the last stock price close up 2.45% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Graphic Packaging Holding Company has recorded a 50-day average of $14.14 and a two hundred day average of $13.36. Volume of trade was down over the average, with 1,134,279 shares of GPK changing hands under the typical 2,950,530
With a total market value of $0, Graphic Packaging Holding Company has price-earnings ratio of 17.66 with a 52 week low of $10.71 and a 52 week high of $14.70 .
In addition to Bank of America Corp. reporting its stock price target, a total of 10 firms have reported on GPK. The one year target is $15.23 with four brokerages rating the company a strong buy, 5 brokers rating the stock a buy, 1 firm rating the stock a hold, 0 equity analysts rating the company a underperform, and lastly 0 brokerages rating the company a sell.
General Company Details For Graphic Packaging Holding Company (NYSE:GPK)
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company's segments 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.
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