Graphic Packaging Holding (NYSE:GPK) has been assigned an average rating of “Buy” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $17.36.
GPK has been the topic of several analyst reports. Zacks Investment Research raised Graphic Packaging from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday, October 16th. Deutsche Bank set a $15.00 target price on Graphic Packaging and gave the company a “buy” rating in a research note on Wednesday, October 24th. ValuEngine lowered Graphic Packaging from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. Vertical Research set a $18.00 target price on Graphic Packaging and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Finally, BMO Capital Markets cut their target price on Graphic Packaging from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th.
In other Graphic Packaging news, Director Larry M. Venturelli purchased 25,000 shares of the stock in a transaction on Thursday, October 25th. The stock was bought at an average cost of $10.59 per share, for a total transaction of $264,750.00. Following the completion of the acquisition, the director now directly owns 47,993 shares of the company’s stock, valued at $508,245.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is owned by corporate insiders.
NYSE:GPK traded down $0.06 during mid-day trading on Monday, hitting $11.40. The company had a trading volume of 7,618,785 shares, compared to its average volume of 4,394,267. Graphic Packaging has a fifty-two week low of $10.04 and a fifty-two week high of $16.74. The company has a current ratio of 1.67, a quick ratio of 0.79 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.14 and a beta of 1.35.
Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, October 23rd. The industrial products company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). Graphic Packaging had a net margin of 6.18% and a return on equity of 11.90%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $0.18 EPS. The company’s quarterly revenue was up 34.5% compared to the same quarter last year. Sell-side analysts predict that Graphic Packaging will post 0.77 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 5th. Shareholders of record on Saturday, December 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.30 annualized dividend and a dividend yield of 2.63%. Graphic Packaging’s dividend payout ratio (DPR) is currently 47.62%.
Graphic Packaging Company Profile
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.
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