Graphic Packaging (GPK) Rating Lowered to Hold at ValuEngine

Graphic Packaging (NYSE:GPK) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday.

GPK has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Graphic Packaging from a “hold” rating to a “sell” rating in a research report on Friday, March 16th. BMO Capital Markets dropped their target price on shares of Graphic Packaging from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 target price on shares of Graphic Packaging in a research report on Thursday, February 1st. Finally, Citigroup dropped their target price on shares of Graphic Packaging from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, April 5th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Graphic Packaging has a consensus rating of “Buy” and a consensus target price of $17.31.

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Shares of GPK stock opened at $15.88 on Thursday. Graphic Packaging has a 1 year low of $12.65 and a 1 year high of $16.74. The firm has a market cap of $4,980.23, a P/E ratio of 25.21, a P/E/G ratio of 3.65 and a beta of 1.15. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.63 and a current ratio of 1.37.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.02). Graphic Packaging had a return on equity of 17.09% and a net margin of 6.82%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.14 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. analysts predict that Graphic Packaging will post 0.88 EPS for the current year.

In other Graphic Packaging news, SVP Joseph P. Yost sold 15,137 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $15.60, for a total value of $236,137.20. Following the sale, the senior vice president now owns 343,472 shares of the company’s stock, valued at approximately $5,358,163.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Alan R. Nichols sold 150,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.50, for a total transaction of $2,325,000.00. Following the completion of the sale, the senior vice president now directly owns 123,885 shares in the company, valued at approximately $1,920,217.50. The disclosure for this sale can be found here. Insiders sold a total of 215,137 shares of company stock worth $3,311,137 in the last three months. Insiders own 0.62% of the company’s stock.

A number of institutional investors have recently made changes to their positions in GPK. Canyon Capital Advisors LLC increased its holdings in Graphic Packaging by 85.2% in the 4th quarter. Canyon Capital Advisors LLC now owns 13,330,720 shares of the industrial products company’s stock valued at $205,960,000 after buying an additional 6,132,069 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in Graphic Packaging by 929.3% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 5,609,827 shares of the industrial products company’s stock valued at $86,672,000 after buying an additional 5,064,827 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Graphic Packaging by 128.4% in the 4th quarter. Renaissance Technologies LLC now owns 2,181,518 shares of the industrial products company’s stock valued at $33,704,000 after purchasing an additional 1,226,429 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of Graphic Packaging by 123.8% in the 4th quarter. Citadel Advisors LLC now owns 2,078,232 shares of the industrial products company’s stock valued at $32,109,000 after purchasing an additional 1,149,640 shares in the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new stake in shares of Graphic Packaging in the 4th quarter valued at $17,666,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

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About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, 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) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.

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Analyst Recommendations for Graphic Packaging (NYSE:GPK)

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