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Packaging & Containers Stocks under Scanner -- Graphic Packaging, International Paper, WestRock, and Owens-Illinois

GPK, OI, IP, Z

PR Newswire

NEW YORK, October 26, 2016 /PRNewswire/ --

Stock-Callers.com shifts its focus on the Packaging and Containers industry, which is forecasted to grow at a CAGR of 6.87% over the period of 2014 to 2019. Companies in this space are concentrated toward metal, glass, and plastic container-and-packaging operations. Equities being assessed today are: Graphic Packaging Holding Co. (NYSE: GPK), International Paper Co. (NYSE: IP), WestRock Co. (NYSE: WRK), and Owens-Illinois Inc. (NYSE: OI). You can access of our complimentary research reports on these stocks now at: http://stock-callers.com/registration

Graphic Packaging  

Shares in Atlanta, Georgia headquartered Graphic Packaging Holding Co. ended Tuesday's session at $12.49, which was a drop of 9.16% from the last trading session. The stock recorded a trading volume of 20.33 million shares, which was above its three months average volume of 2.99 million shares. The Company's shares are trading 3.82% below their 200-day moving average. Moreover, shares of Graphic Packaging, which together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies, have a Relative Strength Index (RSI) of 28.76.

On October 03rd, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'.

On October 25th, 2016, Graphic Packaging reported net income of $57.8 million, or $0.18 per share, for Q3 2016 compared to net income of $60.2 million, or $0.18 per share, for Q3 2015. Adjusted net income for Q3 2016 was $64.0 million, or $0.20 per diluted share. The company's net sales were up 3.1% driven by acquisitions, while volume in its core business was down 1.4% driven by packaged food softness. Adjusted EBITDA was $200.1 million, up 1.5% compared to Q3 2015 of $197.1 million. Visit us today and download your complete report on GPK for free at: http://stock-callers.com/registration/?symbol=GPK

International Paper  

Memphis, Tennessee headquartered International Paper Co.'s stock declined 0.24%, closing the day at $46.60, with a total trading volume of 2.74 million shares. The Company's shares have advanced 3.19% in the previous three months and 27.74% on an YTD basis. The stock is trading 11.34% above its 200-day moving average. Additionally, shares of International Paper, which operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East, have an RSI of 44.75.

On October 13th, 2016, International Paper announced Carol L. Roberts, Senior Vice President and Chief Financial Officer, and William Hoel, Senior Vice President, Container The Americas, will retire on March 31st, 2017. The company announced a number of senior leadership transitions and the International Paper Board of Directors also elected two new Senior Vice Presidents. The complimentary research report on IP can be accessed at: http://stock-callers.com/registration/?symbol=IP

WestRock  

On Tuesday, shares in Richmond, Virginia-based WestRock Co. recorded a trading volume of 2.43 million shares, which was higher than their three months average volume of 1.81 million shares. The stock ended the day 0.53% lower at $46.96. The Company's shares have gained 9.54% in the previous three months and 6.03% since the start of this year. The stock is trading above its 200-day moving average by 16.92%. Furthermore, shares of WestRock, which manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, and Asia, have an RSI of 48.43.

On October 06th, 2016, WestRock announced that it will host a conference call to discuss  Q4 FY16 results and other topics on November 7th, 2016, at 8:30 am EST. WestRock will release its Q4 FY16 results prior to market open on November 7th, 2016. Register for free on Stock-Callers.com and download the PDF research report on WRK at: http://stock-callers.com/registration/?symbol=WRK

Owens-Illinois  

Perrysburg, Ohio headquartered Owens-Illinois Inc.'s stock slipped 0.99%, finishing yesterday's session at $17.00. A total volume of 2.65 million shares was traded, which was above their three months average volume of 1.45 million shares. The Company's shares are trading below their 200-day moving average by 0.29%. Additionally, shares of Owens-Illinois, which through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia/Pacific, have an RSI of 40.31.

On September 30th, 2016, research firm RBC Capital Markets initiated a 'Sector Perform' rating on the Company's stock, issuing a target price of $18 per share.

On October 25th, 2016, Owens-Illinois reported that net sales in Q3 2016 were $1.7 billion, up $146 million, or 9%, from Q3 2015. The Company`s acquired business generated an incremental $162 million in net sales due to strong shipments within Mexico and to the US. Earnings from continuing operations before income taxes were $153 million in Q3 2016, an increase of $95 million compared to the prior year. The company reported Q3 2016 earnings of $0.68 per share (diluted). This was within management`s guidance of $0.65 to $0.70 per share. Get free access to your research report on OI at: http://stock-callers.com/registration/?symbol=OI

--

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SOURCE Chelmsford Park SA



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