Raymond James Has Lowered Expectations for Graphic Packaging (NYSE:GPK) Stock Price

Graphic Packaging (NYSE:GPK - Get Free Report) had its price objective lowered by investment analysts at Raymond James from $32.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the industrial products company's stock. Raymond James' target price suggests a potential upside of 19.90% from the stock's current price.

A number of other research firms have also recently commented on GPK. Truist Financial lowered their price objective on shares of Graphic Packaging from $30.00 to $28.00 and set a "hold" rating for the company in a research report on Tuesday. Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $24.00 to $27.00 in a report on Monday, January 6th. Citigroup reissued 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. Finally, Robert W. Baird cut their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.89.

Graphic Packaging Trading Down 1.2 %

NYSE:GPK traded down $0.31 during mid-day trading on Tuesday, hitting $25.02. The company had a trading volume of 1,977,671 shares, compared to its average volume of 2,431,656. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. Graphic Packaging has a fifty-two week low of $23.03 and a fifty-two week high of $30.70. The firm has a market cap of $7.55 billion, a P/E ratio of 11.58, a P/E/G ratio of 2.10 and a beta of 0.80. The business's fifty day moving average is $25.76 and its two-hundred day moving average is $27.39.

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 for the quarter, missing analysts' consensus estimates of $0.63 by ($0.04). The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business's revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. As a group, research analysts expect that Graphic Packaging will post 2.47 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management boosted its stake in shares of Graphic Packaging by 55.4% during the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock worth $30,000 after buying an additional 394 shares during the last quarter. Crews Bank & Trust acquired a new position in Graphic Packaging during the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC grew its stake in Graphic Packaging by 2,484.0% in the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 1,242 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Graphic Packaging by 92.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock valued at $39,000 after buying an additional 689 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Graphic Packaging by 58.2% in the fourth quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock valued at $41,000 after buying an additional 549 shares in the last quarter. 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.