Graphic Packaging Holding (GPK) Given Consensus Rating of “Buy” by Analysts

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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.

Several institutional investors have recently made changes to their positions in GPK. NumerixS Investment Technologies Inc increased its holdings in shares of Graphic Packaging by 2,633.3% in the second quarter. NumerixS Investment Technologies Inc now owns 8,200 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 7,900 shares in the last quarter. WealthTrust Fairport LLC bought a new stake in shares of Graphic Packaging in the second quarter worth about $146,000. CIBC Asset Management Inc bought a new stake in shares of Graphic Packaging in the second quarter worth about $148,000. FDx Advisors Inc. bought a new stake in shares of Graphic Packaging in the third quarter worth about $153,000. Finally, IFP Advisors Inc increased its holdings in shares of Graphic Packaging by 831.0% in the third quarter. IFP Advisors Inc now owns 12,066 shares of the industrial products company’s stock worth $169,000 after acquiring an additional 10,770 shares in the last quarter.

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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Analyst Recommendations for Graphic Packaging (NYSE:GPK)

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