Analysts Set Graphic Packaging Holding (NYSE:GPK) Price Target at $31.53

Graphic Packaging Holding (NYSE:GPK - Get Free Report) has earned an average rating of "Hold" from the seven analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $31.53.

A number of equities analysts have weighed in on the company. Wells Fargo & Company upped their price target on Graphic Packaging from $21.00 to $24.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 31st. Stifel Nicolaus began coverage on shares of Graphic Packaging in a research report on Tuesday, July 9th. They set a "buy" rating and a $35.20 price target on the stock. Royal Bank of Canada decreased their price objective on Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating for the company in a report on Thursday, October 17th. Citigroup reduced their price target on Graphic Packaging from $31.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, July 8th. Finally, Robert W. Baird boosted their price target on Graphic Packaging from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st.

Insiders Place Their Bets

In other Graphic Packaging news, CEO Michael P. Doss sold 49,183 shares of the company's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the completion of the sale, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael P. Doss sold 49,183 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $27.91, for a total value of $1,372,697.53. Following the completion of the transaction, the chief executive officer now directly owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael P. Doss sold 86,374 shares of the business's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total value of $2,422,790.70. Following the sale, the chief executive officer now owns 2,123,202 shares in the company, valued at $59,555,816.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GPK. Allspring Global Investments Holdings LLC boosted its stake in shares of Graphic Packaging by 24.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company's stock valued at $437,945,000 after purchasing an additional 2,927,344 shares during the last quarter. American Century Companies Inc. grew its holdings in Graphic Packaging by 41.9% during the 2nd quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company's stock worth $317,549,000 after acquiring an additional 3,576,877 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Graphic Packaging by 7.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company's stock worth $251,632,000 after acquiring an additional 706,486 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Graphic Packaging by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,054,530 shares of the industrial products company's stock valued at $158,693,000 after purchasing an additional 362,509 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of Graphic Packaging by 9.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,093,537 shares of the industrial products company's stock valued at $81,082,000 after purchasing an additional 274,449 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Stock Up 1.3 %

NYSE GPK traded up $0.36 during trading hours on Tuesday, reaching $28.16. 1,477,092 shares of the company's stock were exchanged, compared to its average volume of 2,586,464. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 10.99 and a beta of 0.83. The company's 50-day moving average is $29.33 and its two-hundred day moving average is $28.21. Graphic Packaging has a one year low of $21.25 and a one year high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The company's revenue was down 5.7% compared to the same quarter last year. On average, analysts forecast that Graphic Packaging will post 2.52 EPS for the current fiscal year.

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.