Truist Financial Lowers Graphic Packaging (NYSE:GPK) Price Target to $32.00

Graphic Packaging (NYSE:GPK) had its price target reduced by investment analysts at Truist Financial from $35.00 to $32.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price objective would indicate a potential upside of 8.38% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Graphic Packaging in a report on Wednesday, September 4th. Stifel Nicolaus initiated coverage on Graphic Packaging in a research report on Tuesday, July 9th. They set a “buy” rating and a $35.20 price objective for the company. StockNews.com raised Graphic Packaging from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Robert W. Baird increased their price target on Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Citigroup lowered their price objective on shares of Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.78.

Graphic Packaging Stock Up 1.4 %

Graphic Packaging stock opened at $29.53 on Tuesday. The company has a market capitalization of $9.07 billion, a P/E ratio of 13.36, a PEG ratio of 5.08 and a beta of 0.83. Graphic Packaging has a fifty-two week low of $20.07 and a fifty-two week high of $30.66. The stock has a 50-day simple moving average of $29.10 and a 200-day simple moving average of $28.10. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.58 and a current ratio of 1.45.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.27 billion. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. Equities research analysts expect that Graphic Packaging will post 2.66 earnings per share for the current year.

Insider Buying and Selling at Graphic Packaging

In related news, CEO Michael P. Doss sold 49,183 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $27.91, for a total value of $1,372,697.53. Following the sale, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael P. Doss sold 49,183 shares of Graphic Packaging stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the completion of the transaction, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael P. Doss sold 86,374 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $28.05, for a total value of $2,422,790.70. Following the sale, the chief executive officer now owns 2,123,202 shares in the company, valued at approximately $59,555,816.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in Graphic Packaging by 8.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,048,794 shares of the industrial products company’s stock worth $25,853,000 after acquiring an additional 79,434 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Graphic Packaging by 20.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 23,489 shares of the industrial products company’s stock worth $579,000 after acquiring an additional 4,049 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Graphic Packaging in the fourth quarter worth approximately $291,000. Symmetry Partners LLC purchased a new stake in Graphic Packaging in the first quarter valued at approximately $212,000. Finally, Rise Advisors LLC acquired a new stake in shares of Graphic Packaging during the 1st quarter worth $26,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.