Graphic Packaging Holding Company (NYSE:GPK) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

GPK has been the topic of several other reports. Jefferies Group LLC reissued a “hold” rating and set a $14.00 price target on shares of Graphic Packaging Holding in a research note on Monday, May 8th. Zacks Investment Research cut shares of Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Citigroup Inc. reissued a “buy” rating on shares of Graphic Packaging Holding in a research note on Friday, April 14th. Royal Bank Of Canada reissued a “buy” rating and set a $15.00 price target on shares of Graphic Packaging Holding in a research note on Tuesday, April 11th. Finally, DA Davidson began coverage on shares of Graphic Packaging Holding in a research note on Monday, July 10th. They set a “buy” rating and a $17.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Graphic Packaging Holding has an average rating of “Buy” and a consensus target price of $15.76.

Shares of Graphic Packaging Holding (NYSE:GPK) traded down 0.44% during midday trading on Wednesday, reaching $13.73. The company had a trading volume of 2,247,106 shares. The company has a market capitalization of $4.26 billion, a P/E ratio of 21.09 and a beta of 1.15. The firm’s 50 day moving average price is $13.51 and its 200-day moving average price is $13.27. Graphic Packaging Holding has a 12 month low of $12.00 and a 12 month high of $14.70.

Graphic Packaging Holding (NYSE:GPK) last released its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Graphic Packaging Holding had a net margin of 4.80% and a return on equity of 19.53%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm earned $0.20 earnings per share. Graphic Packaging Holding’s revenue was up 2.7% compared to the same quarter last year. Analysts anticipate that Graphic Packaging Holding will post $0.70 earnings per share for the current fiscal year.

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In other Graphic Packaging Holding news, Director G Andrea Botta sold 10,982 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $13.45, for a total value of $147,707.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Wright Investors Service Inc. boosted its position in shares of Graphic Packaging Holding by 34.8% in the second quarter. Wright Investors Service Inc. now owns 79,950 shares of the industrial products company’s stock worth $1,102,000 after buying an additional 20,655 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Graphic Packaging Holding by 2.5% in the second quarter. Whittier Trust Co. now owns 125,148 shares of the industrial products company’s stock worth $1,725,000 after buying an additional 3,101 shares during the last quarter. Highland Capital Management LLC boosted its position in shares of Graphic Packaging Holding by 13.2% in the second quarter. Highland Capital Management LLC now owns 372,863 shares of the industrial products company’s stock worth $5,138,000 after buying an additional 43,572 shares during the last quarter. First Quadrant L P CA boosted its position in shares of Graphic Packaging Holding by 20.3% in the second quarter. First Quadrant L P CA now owns 1,789,294 shares of the industrial products company’s stock worth $24,656,000 after buying an additional 301,527 shares during the last quarter. Finally, Aperio Group LLC boosted its position in shares of Graphic Packaging Holding by 22.9% in the second quarter. Aperio Group LLC now owns 105,774 shares of the industrial products company’s stock worth $1,458,000 after buying an additional 19,698 shares during the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Graphic Packaging Holding Company Profile

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 Holding (NYSE:GPK)

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