.png "Graphic Packaging (NYSE: GPK)")
KeyBanc analyst Adam Josephson maintained a Hold rating on Graphic Packaging (GPK) yesterday. The company’s shares closed yesterday at $13.83.
Josephson said:
“We are raising our 2019 adjusted EBITDA estimate from $985 million to $1.025 billion (above reiterated guidance of $995 million-$1.015 billion for the reason mentioned earlier) and our 2020 estimate from $975 million to $1.015 billion (below consensus of $1.046 billion). Risks to our higher estimates are the aforementioned softening SBS market (GPK’s SBS backlogs have declined in each of the past two quarters, and SBS folding carton prices recently fell) and a resurgence of commodity cost inflation (witness the recent surge in oil prices).”
According to TipRanks.com, Josephson is a 4-star analyst with an average return of 8.1% and a 67.1% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Avery Dennison Corp, and Clearwater Paper.
Currently, the analyst consensus on Graphic Packaging is a Moderate Buy with an average price target of $13.75.
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Graphic Packaging’s market cap is currently $4.15B and has a P/E ratio of 19.35. The company has a Price to Book ratio of 2.63.
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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.
