Graphic Packaging (NYSE:GPK) Price Target Raised to $32.00 at Truist Financial

Graphic Packaging (NYSE:GPK - Free Report) had its price target lifted by Truist Financial from $30.00 to $32.00 in a report released on Monday,Benzinga reports. Truist Financial currently has a hold rating on the industrial products company's stock.

Other research analysts also recently issued reports about the company. Citigroup restated 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. StockNews.com downgraded shares of Graphic Packaging from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th. Wells Fargo & Company upgraded shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $24.00 to $27.00 in a research note on Monday. Finally, Royal Bank of Canada cut their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating on the stock in a research note on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Graphic Packaging has a consensus rating of "Hold" and an average price target of $32.37.

Graphic Packaging Stock Down 0.2 %

Shares of GPK stock traded down $0.05 during mid-day trading on Monday, hitting $26.44. 2,654,501 shares of the stock traded hands, compared to its average volume of 2,447,000. Graphic Packaging has a 52-week low of $23.47 and a 52-week high of $30.70. The stock has a market cap of $7.94 billion, a P/E ratio of 11.30, a P/E/G ratio of 11.42 and a beta of 0.85. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. The stock's fifty day moving average is $28.56 and its two-hundred day moving average is $28.54.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.04). Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same period in the previous year, the company earned $0.74 EPS. The company's revenue was down 5.7% on a year-over-year basis. Equities analysts predict that Graphic Packaging will post 2.52 EPS for the current year.

Graphic Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, December 13th. Graphic Packaging's dividend payout ratio is presently 17.09%.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, CAO Charles D. Lischer sold 12,000 shares of Graphic Packaging stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the completion of the transaction, the chief accounting officer now owns 49,849 shares in the company, valued at approximately $1,478,022.85. This trade represents a 19.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael James Farrell sold 25,900 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the sale, the executive vice president now owns 81,026 shares in the company, valued at $2,348,943.74. The trade was a 24.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Graphic Packaging

Several large investors have recently made changes to their positions in GPK. Hsbc Holdings PLC raised its position in shares of Graphic Packaging by 268.7% in the second quarter. Hsbc Holdings PLC now owns 51,261 shares of the industrial products company's stock worth $1,350,000 after acquiring an additional 37,358 shares during the period. XTX Topco Ltd purchased a new position in shares of Graphic Packaging in the 2nd quarter valued at about $928,000. JPMorgan Chase & Co. raised its holdings in Graphic Packaging by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company's stock worth $313,957,000 after purchasing an additional 787,266 shares during the period. Raymond James & Associates boosted its position in Graphic Packaging by 23.9% during the third quarter. Raymond James & Associates now owns 707,969 shares of the industrial products company's stock worth $20,949,000 after purchasing an additional 136,342 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in Graphic Packaging by 26.1% in the third quarter. Private Advisor Group LLC now owns 27,575 shares of the industrial products company's stock valued at $816,000 after purchasing an additional 5,699 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

About Graphic Packaging

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.