Zacks Investment Research Upgrades Graphic Packaging Holding Company (GPK) to “Hold”
Graphic Packaging Holding Company (NYSE:GPK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “
Several other research analysts have also recently commented on the company. BidaskClub raised Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Jefferies Group LLC reissued a “hold” rating and set a $15.00 target price (up from $14.00) on shares of Graphic Packaging Holding in a research note on Friday, July 14th. DA Davidson began coverage on Graphic Packaging Holding in a research note on Monday, July 10th. They set a “buy” rating and a $17.50 target price for the company. Finally, BMO Capital Markets reissued a “buy” rating and set a $15.50 target price on shares of Graphic Packaging Holding in a research note on Friday, June 23rd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.73.
Shares of Graphic Packaging Holding (GPK) traded down 0.96% during trading on Friday, reaching $13.47. The company’s stock had a trading volume of 7,570,451 shares. The stock has a 50 day moving average of $13.55 and a 200-day moving average of $13.35. The company has a market capitalization of $4.17 billion, a PE ratio of 24.99 and a beta of 1.14. Graphic Packaging Holding has a 1-year low of $12.00 and a 1-year high of $14.70.
Graphic Packaging Holding (NYSE:GPK) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Graphic Packaging Holding had a return on equity of 18.22% and a net margin of 3.98%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm posted $0.19 EPS. Graphic Packaging Holding’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts expect that Graphic Packaging Holding will post $0.68 earnings per share for the current year.
In other news, Director G Andrea Botta sold 10,982 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $13.45, for a total transaction of $147,707.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.02% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in Graphic Packaging Holding by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 592,924 shares of the industrial products company’s stock valued at $7,400,000 after buying an additional 32,219 shares in the last quarter. Bank of Montreal Can boosted its position in Graphic Packaging Holding by 848.9% in the first quarter. Bank of Montreal Can now owns 1,014,139 shares of the industrial products company’s stock valued at $13,051,000 after buying an additional 907,266 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in Graphic Packaging Holding by 5.9% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 144,333 shares of the industrial products company’s stock valued at $1,858,000 after buying an additional 8,056 shares in the last quarter. Nationwide Fund Advisors boosted its position in Graphic Packaging Holding by 8.0% in the first quarter. Nationwide Fund Advisors now owns 911,602 shares of the industrial products company’s stock valued at $11,732,000 after buying an additional 67,686 shares in the last quarter. Finally, First Quadrant L P CA boosted its position in Graphic Packaging Holding by 1.1% in the first quarter. First Quadrant L P CA now owns 1,487,767 shares of the industrial products company’s stock valued at $19,148,000 after buying an additional 16,400 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.
About Graphic Packaging Holding
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.
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