Graphic Packaging (NYSE:GPK) Coverage Initiated by Analysts at Bank of America

Bank of America began coverage on shares of Graphic Packaging (NYSE:GPK) in a research report report published on Tuesday morning. The firm issued a neutral rating and a $12.00 price target on the industrial products company’s stock.

A number of other analysts have also recently commented on GPK. Raymond James Financial cut shares of Graphic Packaging from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Graphic Packaging in a report on Wednesday, June 24th. Wells Fargo & Company dropped their target price on Graphic Packaging from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 14th. UBS Group raised their price target on Graphic Packaging from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada reduced their price target on Graphic Packaging from $13.00 to $10.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Nine investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $10.92.

Graphic Packaging Trading Down 0.6%

Shares of GPK stock opened at $10.32 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.41 and a debt-to-equity ratio of 1.60. The firm has a market cap of $3.05 billion, a P/E ratio of 11.22 and a beta of 0.66. The company has a 50 day moving average of $10.52 and a 200-day moving average of $11.52. Graphic Packaging has a 12-month low of $8.78 and a 12-month high of $23.76.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.05 billion. Graphic Packaging had a return on equity of 12.62% and a net margin of 3.17%.Graphic Packaging’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. Graphic Packaging has set its FY 2026 guidance at 0.750-1.150 EPS. Sell-side analysts anticipate that Graphic Packaging will post 0.76 earnings per share for the current year.

Graphic Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 15th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, June 15th. Graphic Packaging’s payout ratio is presently 47.83%.

Insiders Place Their Bets

In other Graphic Packaging news, Director Jeffrey Stafeil bought 17,878 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were acquired at an average cost of $11.19 per share, for a total transaction of $200,054.82. Following the purchase, the director directly owned 17,878 shares of the company’s stock, valued at $200,054.82. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Graphic Packaging

Several hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in Graphic Packaging by 36.6% during the first quarter. AQR Capital Management LLC now owns 171,608 shares of the industrial products company’s stock worth $4,453,000 after purchasing an additional 45,944 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Graphic Packaging by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,471,519 shares of the industrial products company’s stock valued at $38,201,000 after buying an additional 132,692 shares in the last quarter. Hsbc Holdings PLC lifted its position in Graphic Packaging by 5.4% in the 2nd quarter. Hsbc Holdings PLC now owns 15,485 shares of the industrial products company’s stock worth $326,000 after buying an additional 791 shares during the last quarter. Invesco Ltd. boosted its stake in Graphic Packaging by 28.8% in the second quarter. Invesco Ltd. now owns 2,130,941 shares of the industrial products company’s stock worth $44,899,000 after buying an additional 477,085 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Graphic Packaging by 3.6% in the second quarter. First Trust Advisors LP now owns 1,002,964 shares of the industrial products company’s stock worth $21,133,000 after buying an additional 34,790 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

About Graphic Packaging

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.