Graphic Packaging Holding (NYSE:GPK) Receives $31.53 Consensus Target Price from Brokerages

Graphic Packaging Holding (NYSE:GPK) has received an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $31.53.

GPK has been the subject of several recent research reports. Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and lowered their price target for the stock from $32.00 to $30.00 in a research report on Wednesday, October 30th. Royal Bank of Canada dropped their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Wells Fargo & Company lifted their price target on Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird boosted their price target on Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st.

Graphic Packaging Stock Performance

Shares of NYSE GPK opened at $29.48 on Tuesday. 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 firm’s 50-day moving average price is $29.28 and its two-hundred day moving average price is $28.25. Graphic Packaging has a 52-week low of $21.25 and a 52-week high of $30.70. The stock has a market capitalization of $8.85 billion, a P/E ratio of 12.60, a P/E/G ratio of 11.29 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. As a group, sell-side analysts forecast that Graphic Packaging will post 2.52 earnings per share for the current year.

Insider Buying and Selling at Graphic Packaging

In related news, EVP Michael James Farrell sold 25,900 shares of Graphic Packaging stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the transaction, the executive vice president now directly owns 81,026 shares of the company’s stock, valued at $2,348,943.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Graphic Packaging

A number of large investors have recently added to or reduced their stakes in the business. Foundry Partners LLC increased its holdings in shares of Graphic Packaging by 3.4% in the third quarter. Foundry Partners LLC now owns 20,955 shares of the industrial products company’s stock valued at $620,000 after buying an additional 680 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Graphic Packaging by 13.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 26,631 shares of the industrial products company’s stock worth $788,000 after acquiring an additional 3,239 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of Graphic Packaging by 3.7% during the third quarter. Segall Bryant & Hamill LLC now owns 389,401 shares of the industrial products company’s stock valued at $11,522,000 after purchasing an additional 13,987 shares during the last quarter. Premier Fund Managers Ltd boosted its position 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 valued at $101,545,000 after purchasing an additional 302,680 shares during the period. Finally, Pathstone Holdings LLC increased its stake in Graphic Packaging by 1.3% in the 3rd quarter. Pathstone Holdings LLC now owns 336,970 shares of the industrial products company’s stock worth $9,971,000 after purchasing an additional 4,179 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

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.