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RBC Capital Reaffirms Their Hold Rating on Graphic Packaging (GPK)

Tipranks - Sat May 30, 9:00PM CDT

RBC Capital analyst Arun Viswanathan maintained a Hold rating on Graphic Packaging on May 28 and set a price target of $11.00. The company’s shares closed yesterday at $11.52.

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According to TipRanks, Viswanathan is a 4-star analyst with an average return of 2.6% and a 52.19% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as PPG Industries, LyondellBasell, and Albemarle.

Currently, the analyst consensus on Graphic Packaging is a Hold with an average price target of $10.80.

Based on Graphic Packaging’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.16 billion and a GAAP net loss of $43 million. In comparison, last year the company earned a revenue of $2.12 billion and had a net profit of $127 million

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GPK in relation to earlier this year. Earlier this month, Robert Hagemann, a Director at GPK bought 14,000.00 shares for a total of $153,860.00.

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