Graphic Packaging Holding Company (NYSE:GPK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

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. “

GPK has been the subject of several other reports. Robert W. Baird boosted their target price on shares of Graphic Packaging Holding from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. BMO Capital Markets boosted their target price on shares of Graphic Packaging Holding from $15.50 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Stephens assumed coverage on shares of Graphic Packaging Holding in a research report on Tuesday, October 24th. They issued an “overweight” rating and a $17.00 target price for the company. BidaskClub upgraded shares of Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $15.00 target price on shares of Graphic Packaging Holding in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Graphic Packaging Holding currently has a consensus rating of “Buy” and an average target price of $16.13.

Graphic Packaging Holding (NYSE:GPK) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Graphic Packaging Holding had a net margin of 3.70% and a return on equity of 17.27%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.20 EPS. The business’s revenue was up 3.1% on a year-over-year basis.

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In related news, VP Deborah R. Frank sold 38,266 shares of Graphic Packaging Holding stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $15.51, for a total transaction of $593,505.66. Following the sale, the vice president now directly owns 77,139 shares of the company’s stock, valued at approximately $1,196,425.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.02% of the company’s stock.

Several institutional investors have recently made changes to their positions in GPK. Russell Investments Group Ltd. grew its holdings in shares of Graphic Packaging Holding by 83.9% during the 1st quarter. Russell Investments Group Ltd. now owns 15,926 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 7,266 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Graphic Packaging Holding by 7.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 201,145 shares of the industrial products company’s stock valued at $2,589,000 after purchasing an additional 14,404 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Graphic Packaging Holding during the 1st quarter valued at approximately $150,000. Legal & General Group Plc grew its holdings in shares of Graphic Packaging Holding by 38.9% during the 1st quarter. Legal & General Group Plc now owns 248,842 shares of the industrial products company’s stock valued at $3,202,000 after purchasing an additional 69,726 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings 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 valued at $323,083,000 after purchasing an additional 896,031 shares during the last quarter. 94.98% of the stock is currently owned by 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.

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Analyst Recommendations for Graphic Packaging Holding (NYSE:GPK)

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