Graphic Packaging (NYSE:GPK) Given New $32.00 Price Target at Robert W. Baird

Graphic Packaging (NYSE:GPK) had its price objective lowered by equities research analysts at Robert W. Baird from $36.00 to $32.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price objective points to a potential upside of 18.81% from the company’s previous close.

GPK has been the subject of several other research reports. Royal Bank of Canada dropped their price objective on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Citigroup reissued a “neutral” rating and issued a $30.00 price objective (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Finally, Truist Financial increased their price objective on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $31.70.

Graphic Packaging Stock Performance

NYSE GPK opened at $26.93 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $8.08 billion, a P/E ratio of 11.51 and a beta of 0.84. Graphic Packaging has a 12-month low of $23.47 and a 12-month high of $30.70. The firm has a 50-day moving average price of $27.87 and a two-hundred day moving average price of $28.62.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the company posted $0.75 EPS. The business’s revenue was down 6.8% on a year-over-year basis. Analysts anticipate that Graphic Packaging will post 2.53 earnings per share for the current year.

Insider Activity at Graphic Packaging

In related news, CAO Charles D. Lischer sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $29.65, for a total transaction of $355,800.00. Following the completion of the sale, the chief accounting officer now owns 49,849 shares in the company, valued at approximately $1,478,022.85. This trade represents a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Graphic Packaging

Several hedge funds have recently bought and sold shares of GPK. FMR LLC lifted its position in Graphic Packaging by 12.6% during the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock valued at $605,416,000 after purchasing an additional 2,294,688 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Graphic Packaging by 11.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company’s stock valued at $441,990,000 after purchasing an additional 1,702,764 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Graphic Packaging by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock valued at $313,957,000 after purchasing an additional 787,266 shares during the last quarter. Premier Fund Managers Ltd lifted its holdings in shares of Graphic Packaging by 9.6% in the 3rd quarter. Premier Fund Managers Ltd now owns 3,441,614 shares of the industrial products company’s stock worth $101,545,000 after acquiring an additional 302,680 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in shares of Graphic Packaging in the 4th quarter worth approximately $51,642,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.