Graphic Packaging Holding Company (GPK) Receives Consensus Rating of “Buy” from Brokerages
Graphic Packaging Holding Company (NYSE:GPK) has earned an average rating of “Buy” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $15.54.
A number of research firms recently commented on GPK. BidaskClub cut Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research note 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 research report on Friday, September 1st. Zacks Investment Research raised Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. DA Davidson reaffirmed a “buy” rating and set a $16.50 price target (down previously from $17.50) on shares of Graphic Packaging Holding in a research note on Monday, August 21st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 price objective on shares of Graphic Packaging Holding in a report on Wednesday, June 14th.
Shares of Graphic Packaging Holding (NYSE GPK) traded up 0.4226% on Wednesday, hitting $14.2801. 755,635 shares of the stock traded hands. Graphic Packaging Holding has a 52 week low of $12.00 and a 52 week high of $14.30. The stock has a 50-day moving average price of $13.33 and a 200 day moving average price of $13.38. The firm has a market cap of $4.43 billion, a P/E ratio of 26.4937 and a beta of 1.16.
Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS. Equities research analysts predict that Graphic Packaging Holding will post $0.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, September 14th. Graphic Packaging Holding’s payout ratio is presently 54.55%.
Several large investors have recently made changes to their positions in GPK. Private Advisor Group LLC bought a new position in shares of Graphic Packaging Holding during the first quarter valued at about $104,000. Van ECK Associates Corp lifted its stake in shares of Graphic Packaging Holding by 1.6% in the 2nd quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 117 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Graphic Packaging Holding by 0.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 61 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Graphic Packaging Holding by 124.0% in the 1st quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 5,582 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of Graphic Packaging Holding in the 1st quarter valued at about $140,000. 95.00% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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