Graphic Packaging Holding Company (GPK) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Graphic Packaging Holding Company (NYSE:GPK) from a sell rating to a hold rating in a research report released on Tuesday.

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. “

Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Graphic Packaging Holding from a buy rating to a hold rating in a research note on Wednesday, July 19th. DA Davidson assumed coverage on shares of Graphic Packaging Holding in a research note on Monday, July 10th. They issued a buy rating and a $17.50 price objective for the company. Jefferies Group LLC reissued a hold rating and issued a $15.00 price objective (up previously from $14.00) on shares of Graphic Packaging Holding in a research note on Friday, July 14th. Finally, BMO Capital Markets reissued a buy rating and issued a $15.50 price objective on shares of Graphic Packaging Holding in a research note on Friday, June 23rd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $15.60.

Graphic Packaging Holding (NYSE:GPK) traded down 0.46% on Tuesday, reaching $13.00. 3,047,925 shares of the company traded hands. Graphic Packaging Holding has a 52-week low of $12.00 and a 52-week high of $14.19. The company has a market capitalization of $4.03 billion, a PE ratio of 24.12 and a beta of 1.15. The stock has a 50-day moving average of $13.18 and a 200 day moving average of $13.33.

Graphic Packaging Holding (NYSE:GPK) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 EPS. On average, equities analysts forecast that Graphic Packaging Holding will post $0.68 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Graphic Packaging Holding Company (GPK) Upgraded by Zacks Investment Research to Hold” was originally reported by BBNS and is the property of of BBNS. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://baseballnewssource.com/markets/graphic-packaging-holding-company-gpk-upgraded-by-zacks-investment-research-to-hold/1640951.html.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, September 14th. Graphic Packaging Holding’s payout ratio is currently 54.55%.

Several hedge funds have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Graphic Packaging Holding by 0.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 61 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Graphic Packaging Holding by 1.6% during the second quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 117 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Graphic Packaging Holding by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 15,270 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 123 shares during the last quarter. Eagle Boston Investment Management Inc. raised its stake in shares of Graphic Packaging Holding by 1.5% during the second quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 163 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Graphic Packaging Holding by 6.6% during the second quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 774 shares during the last quarter. 95.06% of the stock is owned by hedge funds and other institutional investors.

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.

Get a free copy of the Zacks research report on Graphic Packaging Holding (GPK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Graphic Packaging Holding (NYSE:GPK)

Receive News & Ratings for Graphic Packaging Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging Holding Company and related companies with our FREE daily email newsletter.

 


Latest News

Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Cleveland Indians Winning Streak Reaches 18
Cleveland Indians Winning Streak Reaches 18
Washington Nationals Call Up Prospect to Help Outfield
Washington Nationals Call Up Prospect to Help Outfield


Leave a Reply

 
© 2006-2017 BBNS.