RBC Capital sticks to its buy rating for graphic packaging by Investing.com

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RBC Capital analyst Arun Viswanathan maintained a buy rating on Graphic Packaging (NYSE 🙂 on Friday, setting a price target of $ 19, or about 10.02% above the current price of the share of $ 17.27.

Viswanathan expects Graphic Packaging (NYSE 🙂 to post earnings per share (EPS) of $ 0.20 for the third quarter of 2021.

The current consensus between 8 TipRanks Analysts are for a moderate buy rating of the shares of Graphic Packaging, with an average price target of $ 21.14.
Analysts’ price targets range from a high of $ 23 to a low of $ 19.

In its latest earnings report, released on 3/31/2021, the company reported quarterly revenue of $ 1.65 billion and net income of $ 120 million. The company’s market capitalization is $ 5.3 billion.

According to TipRanks.com, Arun Viswanathan, Analyst at RBC Capital is currently rated with 5 stars on a 0 to 5 star rating scale, with an average performance of 10.3% and a success rate of 61.76%.

Graphic Packaging Holding Co. provides paper-based packaging solutions for a variety of products to food, beverage and other consumer products businesses. It also produces folding boxes, kraft cardboard, coated and recycled boxboard and multi-wall bags. The company operates in the following business segments: Cardboard Mills, Cardboard Packaging in the Americas, and Cardboard Packaging in Europe. The Paperboard Mills segment comprises the eight paperboard mills in North America that produce unbleached coated kraft paper and recycled coated paperboard. The Americas Paperboard Packaging segment consists of folding paperboard boxes sold primarily to consumer packaged goods companies serving the food, beverage and consumer products markets primarily in the Americas. The Europe Paperboard Packaging segment comprises folding cardboard boxes sold primarily to consumer packaged goods companies serving the food, beverage and consumer products markets in Europe. Graphic Packaging Holding was founded on December 28, 1992 and is headquartered in Atlanta, Georgia.

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