Rock-Tenn (RKT) has been downgraded today by the research analysts at investment firm Deutsche Bank which upgraded downgraded RKT from a “buy” to “hold” rating. Deutsche Bank has retained the same price target of $80 dollars. RKT is up during intraday trading after opening low this morning.
Rock-Tenn is slated to release their next earnings report on July 25th, 2011 and is estimated to post EPS of $1.31. Their last earnings report was released on April 26th, 2011 and announced EPS of $1.04 with revenue totaling $792.9 million which was up 8.3 % year to year. RKT is currently trading above its 50 & 200-day moving averages and 2011 is an up year for the company.
Rock-Tenn is primarily a manufacturer of packaging products, recycled paperboard, containerboard, bleached paperboard and merchandising displays. We operate a total of 95 facilities located in 27 states, Canada, Mexico, Chile and Argentina. The company has market capitalization of $3,028,000,00 and 82,890,000 shares outstanding. RKT has a 52-week high of $77.62 with the low being $46.61 dollars.