Graphic Packaging Holding Company (NYSE:GPK) Stock Rating Upgraded by Zacks Investment Research

Graphic Packaging Holding Company (NYSE:GPK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, September 12th.

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. “

A number of other research analysts have also issued reports on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $15.50 price objective on shares of Graphic Packaging Holding in a report on Friday, September 1st. DA Davidson reiterated a “buy” rating and issued a $16.50 price objective (down previously from $17.50) on shares of Graphic Packaging Holding in a report on Monday, August 21st. BidaskClub upgraded shares of Graphic Packaging Holding from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $15.00 price objective (up previously from $14.00) on shares of Graphic Packaging Holding in a report on Friday, July 14th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Graphic Packaging Holding has a consensus rating of “Buy” and a consensus price target of $15.54.

Graphic Packaging Holding (NYSE:GPK) traded down 0.15% during midday trading on Tuesday, reaching $13.67. 4,600,215 shares of the company’s stock traded hands. The stock has a 50-day moving average of $13.18 and a 200 day moving average of $13.33. Graphic Packaging Holding has a 52-week low of $12.00 and a 52-week high of $14.19. The company has a market cap of $4.24 billion, a P/E ratio of 25.36 and a beta of 1.15.

Graphic Packaging Holding (NYSE:GPK) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 earnings per share. On average, analysts anticipate that Graphic Packaging Holding will post $0.68 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in GPK. Russell Investments Group Ltd. increased its position in Graphic Packaging Holding by 83.9% during the 1st quarter. Russell Investments Group Ltd. now owns 15,926 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 7,266 shares during the period. Wells Fargo & Company MN grew its position in shares of Graphic Packaging Holding by 16.7% during the 1st quarter. Wells Fargo & Company MN now owns 1,195,638 shares of the industrial products company’s stock worth $15,388,000 after buying an additional 170,952 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Graphic Packaging Holding by 64.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 346,500 shares of the industrial products company’s stock worth $4,459,000 after buying an additional 135,800 shares during the period. LSV Asset Management grew its position in shares of Graphic Packaging Holding by 1,997.8% during the 1st quarter. LSV Asset Management now owns 417,459 shares of the industrial products company’s stock worth $5,372,000 after buying an additional 397,559 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Graphic Packaging Holding by 59.6% during the 1st quarter. First Trust Advisors LP now owns 921,484 shares of the industrial products company’s stock worth $11,859,000 after buying an additional 344,277 shares during the period. 95.00% of the stock is owned by institutional investors and hedge funds.

About Graphic Packaging Holding

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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Analyst Recommendations for Graphic Packaging Holding (NYSE:GPK)

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