Graphic Packaging Holding (NYSE:GPK) Receives $31.37 Consensus Target Price from Brokerages

Graphic Packaging Holding (NYSE:GPK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $31.37.

GPK has been the topic of several recent research reports. Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Citigroup reissued a "neutral" rating and issued a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Truist Financial decreased their price target on shares of Graphic Packaging from $31.00 to $30.00 and set a "hold" rating for the company in a research note on Monday, March 24th. Finally, Robert W. Baird dropped their target price on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th.

Graphic Packaging Trading Up 4.9 %

NYSE GPK traded up $1.15 on Friday, reaching $24.75. The stock had a trading volume of 4,375,377 shares, compared to its average volume of 2,433,032. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The stock has a fifty day moving average price of $26.21 and a two-hundred day moving average price of $27.74. Graphic Packaging has a 12-month low of $23.03 and a 12-month high of $30.70. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 2.10 and a beta of 0.80.

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Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.04). The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. Graphic Packaging's quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. As a group, sell-side analysts forecast that Graphic Packaging will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 5th. Investors of record on Saturday, March 15th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Friday, March 14th. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's dividend payout ratio (DPR) is currently 20.37%.

Institutional Investors Weigh In On Graphic Packaging

A number of hedge funds and other institutional investors have recently made changes to their positions in GPK. Howard Capital Management Group LLC increased its holdings in Graphic Packaging by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company's stock valued at $29,826,000 after purchasing an additional 2,969 shares in the last quarter. Cerity Partners LLC grew its stake in Graphic Packaging by 18.2% during the 3rd quarter. Cerity Partners LLC now owns 21,935 shares of the industrial products company's stock worth $649,000 after buying an additional 3,376 shares during the last quarter. Bank of Montreal Can boosted its stake in Graphic Packaging by 144.6% during the 3rd quarter. Bank of Montreal Can now owns 104,957 shares of the industrial products company's stock valued at $3,096,000 after purchasing an additional 62,041 shares during the period. Townsquare Capital LLC bought a new position in shares of Graphic Packaging in the third quarter worth $228,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Graphic Packaging by 2.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,939 shares of the industrial products company's stock valued at $2,010,000 after buying an additional 1,489 shares during the period. Hedge funds and other institutional investors own 99.67% of the company's stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.