UBS Group Cuts Graphic Packaging (NYSE:GPK) Price Target to $19.00

Graphic Packaging (NYSE:GPK) had its price objective reduced by investment analysts at UBS Group from $20.00 to $19.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price objective indicates a potential upside of 14.29% from the company’s current price.

Other equities analysts have also issued reports about the stock. Zacks Research lowered shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a research report on Monday. Citigroup cut their target price on Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Wells Fargo & Company dropped their price target on Graphic Packaging from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday. Raymond James Financial cut Graphic Packaging from an “outperform” rating to a “market perform” rating in a research note on Friday, October 17th. Finally, Royal Bank Of Canada lowered Graphic Packaging from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $25.00 to $21.00 in a research report on Thursday, October 9th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.63.

Graphic Packaging Price Performance

Shares of NYSE:GPK traded down $0.38 during midday trading on Thursday, reaching $16.63. 4,011,759 shares of the company were exchanged, compared to its average volume of 3,411,493. The stock has a market cap of $4.93 billion, a PE ratio of 9.40 and a beta of 0.72. The business’s fifty day moving average is $18.98 and its two-hundred day moving average is $21.30. Graphic Packaging has a one year low of $14.90 and a one year high of $30.49. The company has a current ratio of 1.43, a quick ratio of 0.56 and a debt-to-equity ratio of 1.68.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%. Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. As a group, analysts predict that Graphic Packaging will post 2.47 earnings per share for the current year.

Insiders Place Their Bets

In other Graphic Packaging news, EVP Joseph P. Yost sold 30,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $22.72, for a total value of $681,600.00. Following the completion of the transaction, the executive vice president owned 255,203 shares in the company, valued at approximately $5,798,212.16. This represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.41% of the company’s stock.

Hedge Funds Weigh In On Graphic Packaging

Several hedge funds and other institutional investors have recently made changes to their positions in GPK. GAMMA Investing LLC increased its stake in Graphic Packaging by 54.7% during the 2nd quarter. GAMMA Investing LLC now owns 5,841 shares of the industrial products company’s stock worth $123,000 after buying an additional 2,065 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Graphic Packaging by 75.3% in the first quarter. Teacher Retirement System of Texas now owns 50,534 shares of the industrial products company’s stock valued at $1,312,000 after acquiring an additional 21,708 shares in the last quarter. Advocate Group LLC raised its stake in shares of Graphic Packaging by 16.2% in the second quarter. Advocate Group LLC now owns 290,184 shares of the industrial products company’s stock valued at $6,114,000 after acquiring an additional 40,466 shares in the last quarter. Terra Alpha Investments LLC boosted its holdings in Graphic Packaging by 74.7% in the second quarter. Terra Alpha Investments LLC now owns 83,929 shares of the industrial products company’s stock valued at $1,768,000 after purchasing an additional 35,883 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in Graphic Packaging by 21.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 434,871 shares of the industrial products company’s stock worth $9,163,000 after purchasing an additional 77,162 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

About Graphic Packaging

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.