Graphic Packaging Holding (GPK) Given Average Recommendation of “Buy” by Analysts

Shares of Graphic Packaging Holding (NYSE:GPK) have received a consensus recommendation of “Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.29.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Graphic Packaging from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a report on Wednesday, October 4th. Royal Bank of Canada reaffirmed a “buy” rating and set a $15.00 price target on shares of Graphic Packaging in a report on Tuesday, October 10th. Robert W. Baird raised their price target on shares of Graphic Packaging from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, DA Davidson reaffirmed a “buy” rating and set a $16.50 price target (down previously from $17.50) on shares of Graphic Packaging in a report on Monday, August 21st.

In related news, VP Deborah R. Frank sold 38,266 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $15.51, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.02% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its holdings in Graphic Packaging by 10.1% during the second quarter. Bank of New York Mellon Corp now owns 2,246,774 shares of the industrial products company’s stock valued at $30,961,000 after purchasing an additional 205,991 shares in the last quarter. American Century Companies Inc. lifted its holdings in Graphic Packaging by 16.2% during the second quarter. American Century Companies Inc. now owns 4,634,520 shares of the industrial products company’s stock valued at $63,864,000 after purchasing an additional 644,863 shares in the last quarter. Sei Investments Co. lifted its holdings in Graphic Packaging by 24.7% during the third quarter. Sei Investments Co. now owns 880,593 shares of the industrial products company’s stock valued at $12,284,000 after purchasing an additional 174,462 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in Graphic Packaging during the third quarter valued at approximately $2,951,000. Finally, Ameriprise Financial Inc. lifted its holdings in Graphic Packaging by 292.7% during the second quarter. Ameriprise Financial Inc. now owns 2,816,525 shares of the industrial products company’s stock valued at $38,816,000 after purchasing an additional 2,099,223 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Shares of Graphic Packaging (NYSE:GPK) opened at $15.32 on Monday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50. The stock has a market cap of $4,747.92, a PE ratio of 25.13, a PEG ratio of 4.69 and a beta of 1.19. Graphic Packaging has a 1-year low of $12.00 and a 1-year high of $15.85.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Thursday, December 14th. Graphic Packaging’s payout ratio is 57.69%.

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About Graphic Packaging

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 (NYSE:GPK)

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