Graphic Packaging (NYSE:GPK) Reaches New 52-Week Low on Analyst Downgrade

Graphic Packaging Holding (NYSE:GPK - Get Free Report)'s share price hit a new 52-week low during trading on Monday after Truist Financial lowered their price target on the stock from $31.00 to $30.00. Truist Financial currently has a hold rating on the stock. Graphic Packaging traded as low as $24.50 and last traded at $25.20, with a volume of 170534 shares. The stock had previously closed at $25.29.

GPK has been the subject of several other research reports. Citigroup reiterated a "neutral" rating and issued a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Wells Fargo & Company raised shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Finally, Robert W. Baird cut their price target on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Graphic Packaging has a consensus rating of "Hold" and an average target price of $31.37.

Institutional Inflows and Outflows

A number of 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. Worldquant Millennium Advisors LLC raised its holdings in Graphic Packaging by 1.1% during the third quarter. Worldquant Millennium Advisors LLC now owns 38,064 shares of the industrial products company's stock worth $1,126,000 after acquiring an additional 401 shares in the last quarter. 1620 Investment Advisors Inc. boosted its position in Graphic Packaging by 3.8% during the fourth quarter. 1620 Investment Advisors Inc. now owns 11,163 shares of the industrial products company's stock valued at $303,000 after purchasing an additional 413 shares during the last quarter. CIBC Asset Management Inc grew its stake in Graphic Packaging by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company's stock valued at $251,000 after purchasing an additional 477 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Graphic Packaging by 2.0% during the 4th quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company's stock worth $692,000 after purchasing an additional 486 shares during the last quarter. Institutional investors own 99.67% of the company's stock.

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Graphic Packaging Trading Down 0.5 %

The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. The business has a 50 day moving average price of $26.79 and a 200-day moving average price of $28.08. The company has a market cap of $7.79 billion, a P/E ratio of 12.01, a PEG ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings results 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). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the company posted $0.75 earnings per share. The business's revenue was down 6.8% compared to the same quarter last year. Analysts forecast that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.70%. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's dividend payout ratio (DPR) is presently 20.37%.

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.