Graphic Packaging (NYSE:GPK) Price Target Cut to $30.00 by Analysts at Truist Financial

Graphic Packaging (NYSE:GPK - Get Free Report) had its price target lowered by equities researchers at Truist Financial from $31.00 to $30.00 in a report issued on Monday, Marketbeat.com reports. The brokerage currently has a "hold" rating on the industrial products company's stock. Truist Financial's price objective points to a potential upside of 14.92% from the stock's current price.

Several other research analysts also recently weighed in on GPK. Citigroup reaffirmed a "neutral" rating and set a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Robert W. Baird reduced their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company upgraded shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $31.37.

Graphic Packaging Stock Performance

NYSE:GPK traded up $0.05 during trading hours on Monday, reaching $26.11. The company had a trading volume of 2,751,329 shares, compared to its average volume of 2,392,384. The firm has a market cap of $7.84 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. Graphic Packaging has a 1-year low of $24.50 and a 1-year high of $30.70. The business's 50 day moving average price is $26.76 and its 200-day moving average price is $28.06. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54.

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

Institutional Investors Weigh In On Graphic Packaging

A number of hedge funds have recently modified their holdings of GPK. Wealth Enhancement Advisory Services LLC grew its stake in Graphic Packaging by 592.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 157,665 shares of the industrial products company's stock valued at $4,282,000 after acquiring an additional 134,910 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Graphic Packaging in the fourth quarter valued at approximately $79,000. Menard Financial Group LLC increased its holdings in shares of Graphic Packaging by 8.7% in the fourth quarter. Menard Financial Group LLC now owns 18,042 shares of the industrial products company's stock valued at $490,000 after purchasing an additional 1,447 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Graphic Packaging during the fourth quarter worth approximately $6,851,000. Finally, Pullen Investment Management LLC lifted its position in Graphic Packaging by 21.4% during the fourth quarter. Pullen Investment Management LLC now owns 109,243 shares of the industrial products company's stock worth $2,967,000 after buying an additional 19,243 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.