Shares of Graphic Packaging Holding Company (NYSE:GPK) have received an average recommendation of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $15.60.

GPK has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Graphic Packaging Holding from a “hold” rating to a “sell” rating in a report on Monday, July 31st. BMO Capital Markets restated a “buy” rating and set a $15.50 price target on shares of Graphic Packaging Holding in a report on Friday, September 1st. DA Davidson restated a “buy” rating and set a $16.50 price target (down previously from $17.50) on shares of Graphic Packaging Holding in a report on Monday, August 21st. Jefferies Group LLC restated a “hold” rating and set a $14.00 price target on shares of Graphic Packaging Holding in a report on Wednesday, June 14th. Finally, Zacks Investment Research downgraded shares of Graphic Packaging Holding from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.

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Shares of Graphic Packaging Holding (NYSE GPK) traded up 0.30% during midday trading on Friday, reaching $13.17. The company’s stock had a trading volume of 4,865,048 shares. Graphic Packaging Holding has a 52 week low of $12.00 and a 52 week high of $14.19. The company has a 50 day moving average price of $13.22 and a 200-day moving average price of $13.35. The stock has a market capitalization of $4.08 billion, a PE ratio of 24.43 and a beta of 1.15.

Graphic Packaging Holding (NYSE:GPK) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 EPS. On average, equities research analysts expect that Graphic Packaging Holding will post $0.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be given a $0.075 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.30 annualized dividend and a yield of 2.28%. Graphic Packaging Holding’s dividend payout ratio is presently 54.55%.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Graphic Packaging Holding by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 25,103,563 shares of the industrial products company’s stock worth $323,083,000 after purchasing an additional 896,031 shares during the last quarter. Boston Partners lifted its position in shares of Graphic Packaging Holding by 24.7% during the 2nd quarter. Boston Partners now owns 22,667,228 shares of the industrial products company’s stock worth $312,354,000 after purchasing an additional 4,496,306 shares during the last quarter. BlackRock Inc. lifted its position in shares of Graphic Packaging Holding by 16,552.6% during the 1st quarter. BlackRock Inc. now owns 14,893,409 shares of the industrial products company’s stock worth $191,677,000 after purchasing an additional 14,803,973 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Graphic Packaging Holding by 14.1% during the 1st quarter. Alliancebernstein L.P. now owns 9,567,192 shares of the industrial products company’s stock worth $123,130,000 after purchasing an additional 1,185,918 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Graphic Packaging Holding by 8.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,994,618 shares of the industrial products company’s stock worth $123,946,000 after purchasing an additional 696,161 shares during the last quarter. 95.06% of the stock is owned by institutional investors and hedge funds.

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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