Graphic Packaging (NYSE:GPK) Raised to Overweight at JPMorgan Chase & Co.

Graphic Packaging (NYSE:GPK) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Wednesday, Benzinga reports. The brokerage currently has a $11.50 price objective on the industrial products company’s stock, down from their previous price objective of $12.50. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 20.41% from the company’s current price.

Other analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Graphic Packaging in a research report on Monday. Royal Bank Of Canada set a $11.50 price objective on shares of Graphic Packaging in a research note on Wednesday. Bank of America decreased their price objective on shares of Graphic Packaging from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, September 11th. Zacks Research upgraded shares of Graphic Packaging from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, Wells Fargo & Company upped their price target on shares of Graphic Packaging from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Graphic Packaging has a consensus rating of “Reduce” and an average price target of $11.40.

Graphic Packaging Stock Up 3.3%

Shares of NYSE:GPK opened at $9.55 on Wednesday. The firm has a market cap of $2.83 billion, a P/E ratio of 14.47 and a beta of 0.65. Graphic Packaging has a 12-month low of $8.78 and a 12-month high of $19.71. The business has a fifty day simple moving average of $10.90 and a 200 day simple moving average of $10.42. The company has a quick ratio of 0.60, a current ratio of 1.38 and a debt-to-equity ratio of 1.58.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%.The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The business’s revenue was down .7% on a year-over-year basis. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. Analysts predict that Graphic Packaging will post 0.72 earnings per share for the current year.

Institutional Trading of Graphic Packaging

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPK. Sequoia Financial Advisors LLC grew its stake in Graphic Packaging by 135.3% in the second quarter. Sequoia Financial Advisors LLC now owns 63,784 shares of the industrial products company’s stock valued at $674,000 after acquiring an additional 36,682 shares during the period. Engineers Gate Manager LP raised its position in shares of Graphic Packaging by 60.9% during the second quarter. Engineers Gate Manager LP now owns 444,472 shares of the industrial products company’s stock worth $4,698,000 after purchasing an additional 168,171 shares during the period. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Graphic Packaging in the 2nd quarter worth $145,000. Integrated Wealth Concepts LLC grew its position in Graphic Packaging by 116.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 70,420 shares of the industrial products company’s stock valued at $744,000 after purchasing an additional 37,904 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Graphic Packaging by 1,039.7% during the 2nd quarter. NewEdge Advisors LLC now owns 24,400 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 22,259 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

About Graphic Packaging

Graphic Packaging Holding Company, operating through Graphic Packaging International, develops and manufactures fiber-based packaging solutions for consumer packaged goods companies. Its products are used primarily in the food, beverage and household products industries, where packaging is designed to protect products, support branding and improve convenience.

The company’s offerings include folding cartons, paperboard packaging, coated recycled board, paper cups and other foodservice packaging products.