Graphic Packaging Holding Company (GPK) Earns “Hold” Rating from KeyCorp

KeyCorp reiterated their hold rating on shares of Graphic Packaging Holding Company (NYSE:GPK) in a research report released on Wednesday, October 4th.

Several other brokerages have also issued reports on GPK. Jefferies Group LLC reiterated a hold rating and set a $14.00 price objective on shares of Graphic Packaging Holding in a report on Wednesday, June 14th. BMO Capital Markets reiterated a buy rating and set a $15.50 price objective on shares of Graphic Packaging Holding in a report on Friday, June 23rd. BidaskClub raised shares of Graphic Packaging Holding from a hold rating to a buy rating in a research report on Wednesday, July 5th. DA Davidson assumed coverage on shares of Graphic Packaging Holding in a research report on Monday, July 10th. They set a buy rating and a $17.50 target price on the stock. Finally, Zacks Investment Research downgraded Graphic Packaging Holding from a hold rating to a sell rating in a research report on Friday, July 14th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $15.60.

Graphic Packaging Holding (GPK) traded down 0.526% during mid-day trading on Wednesday, hitting $14.185. The company had a trading volume of 283,488 shares. Graphic Packaging Holding has a 52-week low of $12.00 and a 52-week high of $14.37. The company has a market capitalization of $4.40 billion, a P/E ratio of 26.317 and a beta of 1.16. The company has a 50-day moving average price of $13.55 and a 200 day moving average price of $13.46.

Graphic Packaging Holding (NYSE:GPK) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Graphic Packaging Holding had a return on equity of 15.47% and a net margin of 3.79%. The company’s quarterly 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, analysts forecast that Graphic Packaging Holding will post $0.68 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 15th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio (DPR) is 54.55%.

A number of institutional investors and hedge funds have recently bought and sold shares of GPK. Private Advisor Group LLC bought a new stake in Graphic Packaging Holding in the 1st quarter valued at $104,000. Van ECK Associates Corp lifted its position in Graphic Packaging Holding by 1.6% during the 2nd quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock worth $105,000 after buying an additional 117 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in Graphic Packaging Holding by 0.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock worth $112,000 after buying an additional 61 shares in the last quarter. Fifth Third Bancorp lifted its position in Graphic Packaging Holding by 124.0% during the 1st quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock worth $130,000 after buying an additional 5,582 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new stake in Graphic Packaging Holding during the 1st quarter worth about $140,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Holding Company Profile

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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