After Citigroup and Stephens gave Graphic Packaging (NYSE: GPK) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Mark Wilde reiterated a Buy rating on Graphic Packaging yesterday and set a price target of $16. The company’s shares closed yesterday at $10.55, close to its 52-week low of $10.04.
According to TipRanks.com, Wilde is a 5-star analyst with an average return of 12.6% and a 69.2% success rate. Wilde covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Packaging Corp, and WestRock LLC.
Currently, the analyst consensus on Graphic Packaging is a Strong Buy with an average price target of $16.43, implying a 55.7% upside from current levels. In a report issued on October 11, Citigroup also maintained a Buy rating on the stock with a $16 price target.
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Based on Graphic Packaging’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.53 billion and net profit of $94.3 million. In comparison, last year the company had a net profit of $47.3 million.
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Graphic Packaging Holding Co. provides paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. It also produces folding cartons, kraft paperboard, coated-recycled boxboard and multi-wall bags.
