Jefferies Group LLC Reiterates “Hold” Rating for Graphic Packaging Holding Company (NYSE:GPK)

Jefferies Group LLC restated their hold rating on shares of Graphic Packaging Holding Company (NYSE:GPK) in a research note released on Friday, July 14th. Jefferies Group LLC currently has a $15.00 price target on the industrial products company’s stock, up from their previous price target of $14.00.

Other equities analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Graphic Packaging Holding from a hold rating to a buy rating in a research report on Wednesday, July 5th. DA Davidson initiated coverage on shares of Graphic Packaging Holding in a research report on Monday, July 10th. They set a buy rating and a $17.50 price objective for the company. Zacks Investment Research cut shares of Graphic Packaging Holding from a hold rating to a sell rating in a research report on Wednesday, April 5th. BMO Capital Markets reiterated a buy rating and set a $15.50 price objective on shares of Graphic Packaging Holding in a research report on Friday, June 23rd. Finally, Citigroup Inc. reiterated a buy rating on shares of Graphic Packaging Holding in a research report on Friday, April 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $15.73.

Shares of Graphic Packaging Holding (NYSE GPK) opened at 13.16 on Friday. The stock’s 50 day moving average price is $13.53 and its 200 day moving average price is $13.29. The firm has a market cap of $4.08 billion, a PE ratio of 24.42 and a beta of 1.14. Graphic Packaging Holding has a 12-month low of $12.00 and a 12-month high of $14.70.

Graphic Packaging Holding (NYSE:GPK) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The company 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 period in the previous year, the company earned $0.19 EPS. On average, equities research analysts predict that Graphic Packaging Holding will post $0.68 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio is currently 54.55%.

In other news, Director G Andrea Botta sold 10,982 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $13.45, for a total value of $147,707.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.02% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Comerica Bank raised its stake in Graphic Packaging Holding by 55.5% in the fourth quarter. Comerica Bank now owns 34,407 shares of the industrial products company’s stock worth $441,000 after buying an additional 12,280 shares in the last quarter. State Street Corp raised its position in shares of Graphic Packaging Holding by 3.9% in the fourth quarter. State Street Corp now owns 3,928,751 shares of the industrial products company’s stock valued at $49,029,000 after buying an additional 145,916 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Graphic Packaging Holding by 1.4% in the fourth quarter. New York State Teachers Retirement System now owns 28,200 shares of the industrial products company’s stock valued at $352,000 after buying an additional 400 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Graphic Packaging Holding by 14.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,729 shares of the industrial products company’s stock valued at $133,000 after buying an additional 1,348 shares in the last quarter. Finally, Janus Capital Management LLC raised its position in shares of Graphic Packaging Holding by 12.2% in the fourth quarter. Janus Capital Management LLC now owns 82,100 shares of the industrial products company’s stock valued at $1,025,000 after buying an additional 8,900 shares in the last quarter. 95.87% of the stock is currently owned by 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.

Analyst Recommendations for Graphic Packaging Holding (NYSE:GPK)

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