Raymond James analyst Matt Roberts has revised the price target for Graphic Packaging (GPK, Financial), reducing it from $32 to $30, while maintaining an Outperform rating on the stock. This adjustment comes as part of a broader reassessment of estimates for companies within the packaging sector that the firm covers, in anticipation of upcoming earnings reports.
The revision reflects a shift towards a more conservative outlook on volumes, as consumer spending trends since the second quarter have been perceived as underwhelming. The evaluation suggests a cautious approach to future performance, though the positive rating indicates continued confidence in Graphic Packaging's overall potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Graphic Packaging Holding Co (GPK, Financial) is $30.66 with a high estimate of $34.00 and a low estimate of $27.00. The average target implies an upside of 25.11% from the current price of $24.51. More detailed estimate data can be found on the Graphic Packaging Holding Co (GPK) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Graphic Packaging Holding Co's (GPK, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Graphic Packaging Holding Co (GPK, Financial) in one year is $24.30, suggesting a downside of 0.86% from the current price of $24.51. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Graphic Packaging Holding Co (GPK) Summary page.
