Is Graphic Packaging Holding (GPK) One of the Most Undervalued Stocks Under $10 to Buy Right Now?

Graphic Packaging Holding Company (NYSE:GPK) is one of the Most Undervalued Stocks Under $10 to Buy Right Now. On April 27, Truist reduced its price objective on the company’s stock to $11 from $14, while keeping a “Hold” rating. This formed part of the broader research note that previews Q1 results in the Packaging and Paper Products.

Notably, the firm is updating estimates in order to reflect the current market conditions, which include the elevated energy and freight costs and the ongoing trends, added the analyst.

In a separate release, Citi reduced its price objective on the company’s stock to $10 from $13, while keeping a “Neutral” rating on the shares. Notably, the firm updated its estimates in the broader packaging group, which formed part of the Q1 preview. The firm expects a difficult setup over the near-term for the sector as energy and fiber costs continue to rise.

Graphic Packaging Holding Company (NYSE:GPK) designs and produces consumer packaging, which is mainly made from renewable or recycled materials.

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