“We think the deal makes sense, but all large deals in the paper & packaging sector in recent years have been initially rewarded by investors, regardless of their logic (or eventual outcome). Key Investment Points Again, please see below for our analysis of the transaction. We are reducing our 2017 adjusted EBITDA estimate from $733 million to $715 million to reflect the Company’s third straight 2017 EBITDA guidance cut (GPK reduced its guidance from $715 million-$735 million to $715 million). Meanwhile, our 2018 EBITDA estimate is going from $783 million to $948 million, which requires an explanation.”,” KeyCorp’s analyst wrote.
GPK has been the subject of several other reports. BidaskClub downgraded Graphic Packaging Holding from a hold rating to a sell rating in a report on Monday, July 31st. Zacks Investment Research upgraded Graphic Packaging Holding from a sell rating to a hold rating in a research note on Tuesday, September 26th. Jefferies Group LLC reiterated a hold rating and issued a $15.00 target price (up previously from $14.00) on shares of Graphic Packaging Holding in a research note on Friday, July 14th. Royal Bank Of Canada reiterated a buy rating and issued a $15.00 target price on shares of Graphic Packaging Holding in a research note on Tuesday, October 10th. Finally, Robert W. Baird lifted their target price on Graphic Packaging Holding from $16.00 to $18.00 and gave the company an outperform rating in a research note on Wednesday, October 25th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Graphic Packaging Holding currently has a consensus rating of Buy and an average price target of $16.13.
Graphic Packaging Holding (GPK) traded down 1.54% during mid-day trading on Friday, hitting $15.30. 3,114,150 shares of the stock were exchanged. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 28.39 and a beta of 1.16. The stock has a 50 day moving average of $13.99 and a 200-day moving average of $13.58. Graphic Packaging Holding has a 52-week low of $12.00 and a 52-week high of $15.63.
Graphic Packaging Holding (NYSE:GPK) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. Graphic Packaging Holding had a return on equity of 17.27% and a net margin of 3.70%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. Equities analysts predict that Graphic Packaging Holding will post $0.66 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the company. Van ECK Associates Corp grew its stake in shares of Graphic Packaging Holding by 1.6% during the second quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 117 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Graphic Packaging Holding by 0.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 61 shares during the last quarter. Eagle Boston Investment Management Inc. grew its stake in shares of Graphic Packaging Holding by 1.5% during the second quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock worth $148,000 after acquiring an additional 163 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Graphic Packaging Holding during the first quarter worth about $150,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Graphic Packaging Holding by 10.2% during the first quarter. Envestnet Asset Management Inc. now owns 11,826 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 1,097 shares during the last quarter. Institutional investors and hedge funds own 94.98% of the company’s stock.
About Graphic Packaging Holding
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, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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