Graphic Packaging Holding (NYSE:GPK – Get Rating) has received an average recommendation of "Buy" from the thirteen analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $27.75.
A number of equities analysts have recently commented on the stock. Bank of America reduced their price objective on shares of Graphic Packaging from $27.00 to $25.00 in a research note on Thursday, October 13th. UBS Group upped their price target on shares of Graphic Packaging from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Wednesday, December 21st. Raymond James boosted their price objective on shares of Graphic Packaging from $26.00 to $27.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Graphic Packaging from $27.00 to $28.00 in a research note on Thursday, October 27th. Finally, Royal Bank of Canada lifted their price objective on shares of Graphic Packaging from $30.00 to $31.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 26th.
Get
Graphic Packaging alerts:
Hedge Funds Weigh In On Graphic Packaging
Several hedge funds and other institutional investors have recently modified their holdings of GPK. Verition Fund Management LLC boosted its stake in shares of Graphic Packaging by 16.4% in the 2nd quarter. Verition Fund Management LLC now owns 215,550 shares of the industrial products company's stock valued at $4,419,000 after purchasing an additional 30,405 shares in the last quarter. Bailard Inc. increased its holdings in Graphic Packaging by 19.9% in the 2nd quarter. Bailard Inc. now owns 13,187 shares of the industrial products company's stock worth $270,000 after purchasing an additional 2,187 shares in the last quarter. Teacher Retirement System of Texas raised its position in Graphic Packaging by 145.7% in the third quarter. Teacher Retirement System of Texas now owns 121,462 shares of the industrial products company's stock valued at $2,398,000 after purchasing an additional 72,030 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Graphic Packaging by 3.0% during the second quarter. Advisors Asset Management Inc. now owns 117,039 shares of the industrial products company's stock valued at $2,399,000 after purchasing an additional 3,431 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Graphic Packaging by 5,965.5% during the second quarter. Millennium Management LLC now owns 2,224,266 shares of the industrial products company's stock worth $45,597,000 after purchasing an additional 2,187,595 shares during the last quarter. Institutional investors own 94.47% of the company's stock.
Graphic Packaging Trading Down 0.1 %
GPK opened at $23.76 on Wednesday. The stock has a market capitalization of $7.30 billion, a P/E ratio of 18.14, a P/E/G ratio of 0.37 and a beta of 0.96. The company has a current ratio of 1.30, a quick ratio of 0.53 and a debt-to-equity ratio of 2.65. Graphic Packaging has a 12 month low of $18.00 and a 12 month high of $24.07. The firm's fifty day simple moving average is $22.39 and its 200 day simple moving average is $22.09.
Graphic Packaging (NYSE:GPK – Get Rating) last posted its quarterly earnings data on Tuesday, October 25th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.08. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.30 billion. Graphic Packaging had a return on equity of 33.12% and a net margin of 4.48%. As a group, research analysts anticipate that Graphic Packaging will post 2.33 EPS for the current fiscal year.
About Graphic Packaging
(Get Rating)
Graphic Packaging Holding Co engages in the provision of paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. The firm produces folding cartons, kraft paperboard, coated-recycled boxboard and multi-wall bags. It operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other.
Featured Articles
- Get a free copy of the StockNews.com research report on Graphic Packaging (GPK)
- MarketBeat Week in Review – 1/23- 1/27
- Why Lucid Spiked Nearly 100% In One Day
- Ride These Railroad Stocks for Growth and Income
- ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
- KLA Corporation: Strength In A Troubled Semi-Market
Receive News & Ratings for Graphic Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging and related companies with MarketBeat.com's FREE daily email newsletter.
