Graphic Packaging (GPK) Upgraded to “Hold” at Zacks Investment Research

Graphic Packaging (NYSE:GPK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, January 8th. The firm presently has a $18.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.57% from the stock’s current price.

According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “

GPK has been the subject of a number of other research reports. Stephens started coverage on shares of Graphic Packaging in a research note on Tuesday, October 24th. They issued an “overweight” rating and a $17.00 price target for the company. KeyCorp restated a “hold” rating on shares of Graphic Packaging in a report on Wednesday, October 4th. BMO Capital Markets boosted their price objective on shares of Graphic Packaging from $15.50 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Robert W. Baird boosted their price objective on shares of Graphic Packaging from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $15.00 price objective on shares of Graphic Packaging in a report on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $16.48.

Graphic Packaging (GPK) traded down $0.31 during mid-day trading on Monday, reaching $16.28. 3,670,000 shares of the company’s stock were exchanged, compared to its average volume of 2,460,000. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 1.96. Graphic Packaging has a fifty-two week low of $12.00 and a fifty-two week high of $16.74. The stock has a market cap of $5,040.00, a PE ratio of 31.92, a PEG ratio of 3.79 and a beta of 1.19.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. Graphic Packaging had a net margin of 3.70% and a return on equity of 17.27%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.20 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. sell-side analysts forecast that Graphic Packaging will post 0.65 earnings per share for the current fiscal year.

In other news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $15.51, for a total value of $593,505.66. Following the completion of the sale, the vice president now directly owns 77,139 shares in the company, valued at approximately $1,196,425.89. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Boston Partners raised its holdings in Graphic Packaging by 2.5% during the 3rd quarter. Boston Partners now owns 23,242,239 shares of the industrial products company’s stock valued at $324,229,000 after buying an additional 575,011 shares during the last quarter. American Century Companies Inc. raised its holdings in Graphic Packaging by 241.9% during the 3rd quarter. American Century Companies Inc. now owns 15,844,681 shares of the industrial products company’s stock valued at $221,033,000 after buying an additional 11,210,161 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Graphic Packaging by 6.5% during the 3rd quarter. Janus Henderson Group PLC now owns 9,022,954 shares of the industrial products company’s stock valued at $125,871,000 after buying an additional 548,688 shares during the last quarter. Canyon Capital Advisors LLC bought a new stake in Graphic Packaging during the 2nd quarter valued at $100,045,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Graphic Packaging by 1.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 6,197,050 shares of the industrial products company’s stock valued at $86,449,000 after buying an additional 60,750 shares during the last quarter. Institutional investors own 96.93% of the company’s stock.

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About Graphic Packaging

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

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