Graphic Packaging (NYSE:GPK) has been downgraded from Buy to Neutral in a report by BofA Merrill today.
- Updated: October 3, 2016
Yesterday Graphic Packaging (NYSE:GPK) traded -2.14% lower at $13.99. The company’s 50-day moving average is $14.14 and its 200-day moving average is $13.36. The last closing price is up 2.45% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,134,279 shares of the stock traded hands, down from an average trading volume of 2,950,530
BofA Merrill has downgraded Graphic Packaging (NYSE:GPK) from Buy to Neutral in a report released on 10/3/2016.
Previously on 9/30/2016, RBC Capital Markets reported on Graphic Packaging (NYSE:GPK) increased the target price from $0.00 to $17.00. At the time, this indicated a possible upside of 0.25%.
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Graphic Packaging has a 52 week low of $10.71 and a 52 week high of $14.70 with a P/E ratio of 17.66 The company’s market cap is currently $0.
Also covering Graphic Packaging's price target, a total of 10 brokerages have issued a report on the stock. The average stock price target is $15.23 with 4 firms rating the stock a strong buy, five equity analysts rating the company a buy, one brokerage rating the stock a hold, zero analysts rating the company a underperform, and lastly 0 equity analysts rating the company a sell.
Brief Synopsis About Graphic Packaging (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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