Truist Financial Keeps Their Hold Rating on Graphic Packaging (GPK)

In a report released today, Michael Roxland from Truist Financial reiterated a Hold rating on Graphic Packaging, with a price target of $11.00.

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According to TipRanks, Roxland is a 3-star analyst with an average return of 2.7% and a 52.80% success rate. Roxland covers the Consumer Cyclical sector, focusing on stocks such as Packaging, Sonoco Products, and Ball.

Graphic Packaging has an analyst consensus of Hold, with a price target consensus 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. Last month, Jeffrey Stafeil, a Director at GPK bought 17,878.00 shares for a total of $199,876.04.