Graphic Packaging Holding (GPK) Given Average Recommendation of “Buy” by Brokerages

Shares of Graphic Packaging Holding (NYSE:GPK) have earned an average rating of “Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $16.48.

GPK has been the topic of a number of research analyst reports. Zacks Investment Research lowered Graphic Packaging from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a report on Sunday, October 29th. Stephens initiated coverage on Graphic Packaging in a report on Tuesday, October 24th. They issued an “overweight” rating and a $17.00 target price on the stock. Robert W. Baird lifted their price objective on Graphic Packaging from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, BMO Capital Markets lifted their price objective on Graphic Packaging from $15.50 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th.

Shares of Graphic Packaging (NYSE GPK) opened at $16.68 on Friday. The stock has a market capitalization of $5,170.00, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 3.63 and a beta of 1.19. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 1.96. Graphic Packaging has a fifty-two week low of $12.00 and a fifty-two week high of $16.71.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. Graphic Packaging had a return on equity of 17.27% and a net margin of 3.70%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. equities research analysts forecast that Graphic Packaging will post 0.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.80%. The ex-dividend date was Thursday, December 14th. Graphic Packaging’s dividend payout ratio is 58.82%.

In related news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $15.51, for a total value of $593,505.66. Following the sale, the vice president now owns 77,139 shares of the company’s stock, valued at approximately $1,196,425.89. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.02% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners raised its position in Graphic Packaging by 2.5% in the 3rd quarter. Boston Partners now owns 23,242,239 shares of the industrial products company’s stock valued at $324,229,000 after purchasing an additional 575,011 shares during the last quarter. American Century Companies Inc. raised its position in Graphic Packaging by 241.9% in the 3rd quarter. American Century Companies Inc. now owns 15,844,681 shares of the industrial products company’s stock valued at $221,033,000 after purchasing an additional 11,210,161 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Graphic Packaging by 6.5% during the third quarter. Janus Henderson Group PLC now owns 9,022,954 shares of the industrial products company’s stock worth $125,871,000 after acquiring an additional 548,688 shares during the last quarter. Canyon Capital Advisors LLC bought a new stake in shares of Graphic Packaging during the second quarter worth $100,045,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Graphic Packaging by 1.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 6,197,050 shares of the industrial products company’s stock worth $86,449,000 after acquiring an additional 60,750 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

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About Graphic Packaging

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

Analyst Recommendations for Graphic Packaging (NYSE:GPK)

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