Graphic Packaging Holding (NYSE:GPK) Receives $25.46 Average PT from Analysts

Shares of Graphic Packaging Holding (NYSE:GPKGet Rating) have received an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $25.46.

A number of equities research analysts have recently issued reports on GPK shares. BNP Paribas raised shares of Graphic Packaging from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a research note on Tuesday, May 10th. Raymond James upped their price target on shares of Graphic Packaging from $24.50 to $25.50 and gave the company a “strong-buy” rating in a research report on Monday, April 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on Graphic Packaging from $25.00 to $27.00 in a report on Wednesday, July 27th. Citigroup increased their target price on Graphic Packaging to $27.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Finally, BMO Capital Markets upgraded Graphic Packaging from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $20.00 to $25.00 in a research report on Friday, May 27th.

Insider Buying and Selling at Graphic Packaging

In related news, SVP Jean Francois Roche sold 46,898 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $22.50, for a total value of $1,055,205.00. Following the completion of the transaction, the senior vice president now directly owns 84 shares of the company’s stock, valued at $1,890. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.93% of the company’s stock.

Institutional Trading of Graphic Packaging

A number of hedge funds have recently modified their holdings of GPK. Van ECK Associates Corp boosted its position in shares of Graphic Packaging by 17.7% in the 4th quarter. Van ECK Associates Corp now owns 5,545 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 833 shares in the last quarter. Brown Advisory Inc. bought a new stake in Graphic Packaging in the fourth quarter worth $398,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Graphic Packaging in the fourth quarter worth $1,663,000. State of New Jersey Common Pension Fund D increased its holdings in shares of Graphic Packaging by 5.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 156,555 shares of the industrial products company’s stock valued at $3,053,000 after acquiring an additional 8,537 shares in the last quarter. Finally, Yousif Capital Management LLC purchased a new position in shares of Graphic Packaging in the 4th quarter worth about $208,000. Institutional investors own 94.71% of the company’s stock.

Graphic Packaging Price Performance

GPK opened at $21.70 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.57 and a debt-to-equity ratio of 2.91. The stock has a market capitalization of $6.68 billion, a P/E ratio of 23.33, a PEG ratio of 0.40 and a beta of 0.95. The stock has a 50-day moving average price of $21.21 and a 200-day moving average price of $20.53. Graphic Packaging has a 12-month low of $17.63 and a 12-month high of $22.99.

Graphic Packaging (NYSE:GPKGet Rating) last issued its earnings results on Tuesday, July 26th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.26 billion. Graphic Packaging had a return on equity of 28.19% and a net margin of 3.40%. Graphic Packaging’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Equities analysts predict that Graphic Packaging will post 2.19 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Thursday, September 15th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.38%. The ex-dividend date is Wednesday, September 14th. Graphic Packaging’s dividend payout ratio (DPR) is currently 32.26%.

About Graphic Packaging

(Get Rating)

Graphic Packaging Holding Company, together with its subsidiaries, provides fiber-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.

Further Reading

Analyst Recommendations for Graphic Packaging (NYSE:GPK)

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