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

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 topic of a number of other research reports. Stephens initiated coverage on shares of Graphic Packaging in a research report on Tuesday, October 24th. They issued an “overweight” rating and a $17.00 price target on the stock. KeyCorp reissued a “hold” rating on shares of Graphic Packaging in a research report on Wednesday, October 4th. BMO Capital Markets reissued a “buy” rating and issued a $15.50 price target on shares of Graphic Packaging in a research report on Friday, September 1st. Robert W. Baird lifted their price target on shares of Graphic Packaging from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $15.00 price target on shares of Graphic Packaging in a research report on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Graphic Packaging presently has an average rating of “Buy” and a consensus price target of $16.26.

Graphic Packaging (NYSE GPK) traded up $0.06 during midday trading on Monday, reaching $15.32. 2,352,610 shares of the company’s stock were exchanged, compared to its average volume of 3,948,602. Graphic Packaging has a 1 year low of $12.00 and a 1 year high of $15.85. The firm has a market capitalization of $4,726.23, a PE ratio of 25.02, a PEG ratio of 4.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.50 and a quick ratio of 0.74.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.18. Graphic Packaging had a net margin of 3.70% and a return on equity of 17.27%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. analysts expect that Graphic Packaging will post 0.65 EPS for the current fiscal year.

In related news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 77,139 shares of the company’s stock, valued at $1,196,425.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System increased its position in Graphic Packaging by 3.3% during the third quarter. California Public Employees Retirement System now owns 690,502 shares of the industrial products company’s stock worth $9,633,000 after acquiring an additional 22,202 shares during the period. Cubist Systematic Strategies LLC increased its position in Graphic Packaging by 304.3% during the third quarter. Cubist Systematic Strategies LLC now owns 52,812 shares of the industrial products company’s stock worth $737,000 after acquiring an additional 39,751 shares during the period. Janus Henderson Group PLC increased its position in Graphic Packaging by 6.5% during the third quarter. Janus Henderson Group PLC now owns 9,022,954 shares of the industrial products company’s stock worth $125,871,000 after acquiring an additional 548,688 shares during the period. Vident Investment Advisory LLC bought a new position in Graphic Packaging during the third quarter worth $2,951,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in Graphic Packaging during the third quarter worth $3,806,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

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Graphic Packaging 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 (NYSE:GPK)

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