DA Davidson Analysts Boost Earnings Estimates for Graphic Packaging Holding (GPK)

Graphic Packaging Holding (NYSE:GPK) – Stock analysts at DA Davidson upped their Q1 2018 earnings per share (EPS) estimates for Graphic Packaging in a report issued on Wednesday. DA Davidson analyst S. Chercover now expects that the industrial products company will earn $0.19 per share for the quarter, up from their previous forecast of $0.18. DA Davidson also issued estimates for Graphic Packaging’s FY2019 earnings at $1.04 EPS.

A number of other equities analysts also recently weighed in on GPK. Zacks Investment Research raised shares of Graphic Packaging from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, October 12th. Stephens started coverage on shares of Graphic Packaging in a research note on Tuesday, October 24th. They set an “overweight” rating and a $17.00 target price for the company. Robert W. Baird lifted their target price on shares of Graphic Packaging from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. BMO Capital Markets lifted their target price on shares of Graphic Packaging from $15.50 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a research note on Sunday, October 29th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $17.10.

Graphic Packaging (NYSE GPK) opened at $15.20 on Thursday. Graphic Packaging has a 52 week low of $12.46 and a 52 week high of $16.74. The firm has a market cap of $4,763.40, a price-to-earnings ratio of 15.63, a P/E/G ratio of 2.96 and a beta of 1.15. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Graphic Packaging had a return on equity of 17.82% and a net margin of 6.82%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business earned $0.14 EPS. Graphic Packaging’s quarterly revenue was up 5.0% on a year-over-year basis.

Hedge funds and other institutional investors have recently modified their holdings of the company. Cutler Group LP grew its holdings in shares of Graphic Packaging by 706.7% during the fourth quarter. Cutler Group LP now owns 8,204 shares of the industrial products company’s stock valued at $126,000 after buying an additional 7,187 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Graphic Packaging by 6.6% during the second quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock valued at $172,000 after buying an additional 774 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Graphic Packaging by 42.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,841 shares of the industrial products company’s stock valued at $260,000 after buying an additional 5,023 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Graphic Packaging by 45.5% during the third quarter. SG Americas Securities LLC now owns 20,927 shares of the industrial products company’s stock valued at $292,000 after buying an additional 6,545 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Graphic Packaging during the fourth quarter valued at about $326,000. Hedge funds and other institutional investors own 96.44% of the company’s stock.

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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.

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