Graphic Packaging Holding (NYSE:GPK) saw unusually large options trading activity on Tuesday. Investors purchased 1,790 call options on the stock. This represents an increase of 1,672% compared to the typical volume of 101 call options.
Shares of Graphic Packaging (NYSE:GPK) opened at $16.25 on Friday. The firm has a market capitalization of $5,042.14, a price-to-earnings ratio of 31.25, a P/E/G ratio of 3.72 and a beta of 1.19. Graphic Packaging has a 1-year low of $12.00 and a 1-year high of $16.74. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 1.96.
Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.18. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. Graphic Packaging had a return on equity of 17.27% and a net margin of 3.70%. Graphic Packaging’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. equities analysts anticipate that Graphic Packaging will post 0.65 EPS for the current fiscal year.
In other news, VP Deborah R. Frank sold 38,266 shares of the company’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 completion of the transaction, the vice president now directly owns 77,139 shares in the company, valued at $1,196,425.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.02% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its position in Graphic Packaging by 101.2% during the second quarter. Russell Investments Group Ltd. now owns 32,045 shares of the industrial products company’s stock valued at $442,000 after acquiring an additional 16,119 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Graphic Packaging by 2.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,430,683 shares of the industrial products company’s stock valued at $19,715,000 after acquiring an additional 40,286 shares during the last quarter. SG Americas Securities LLC boosted its position in Graphic Packaging by 23.6% during the second quarter. SG Americas Securities LLC now owns 14,382 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 2,746 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Graphic Packaging by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 15,270 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 123 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Graphic Packaging by 10.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,818 shares of the industrial products company’s stock valued at $163,000 after acquiring an additional 1,123 shares during the last quarter. Institutional investors and hedge funds own 96.93% of the company’s stock.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Graphic Packaging from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a report on Monday, January 8th. KeyCorp reiterated a “hold” rating on shares of Graphic Packaging in a report on Sunday, October 29th. BMO Capital Markets upped their price target on shares of Graphic Packaging from $15.50 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Robert W. Baird increased their price objective on Graphic Packaging from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Stephens started coverage on Graphic Packaging in a report on Tuesday, October 24th. They issued an “overweight” rating and a $17.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $16.48.
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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