Analysts Set Graphic Packaging Holding Co. (NYSE:GPK) PT at $15.88
Graphic Packaging Holding Co. (NYSE:GPK) has been given an average rating of “Buy” by the ten research firms that are covering the company. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $16.25.
Several research firms have issued reports on GPK. Royal Bank Of Canada began coverage on Graphic Packaging Holding in a research note on Friday. They set an “outperform” rating and a $17.00 price objective for the company. Robert W. Baird restated an “outperform” rating and set a $16.00 target price on shares of Graphic Packaging Holding in a report on Monday, September 19th. Zacks Investment Research upgraded Graphic Packaging Holding from a “sell” rating to a “hold” rating in a report on Friday, August 26th. Citigroup Inc. increased their target price on Graphic Packaging Holding from $15.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Finally, RBC Capital Markets began coverage on Graphic Packaging Holding in a report on Thursday. They set an “outperform” rating and a $17.00 target price on the stock.
In related news, Director Harold R. Logan, Jr. sold 14,568 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $13.99, for a total value of $203,806.32. Following the transaction, the director now owns 58,076 shares in the company, valued at $812,483.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.47% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Graphic Packaging Holding by 11.8% in the second quarter. Van ECK Associates Corp now owns 8,649 shares of the company’s stock worth $108,000 after buying an additional 912 shares during the period. Creative Planning boosted its position in shares of Graphic Packaging Holding by 1.6% in the second quarter. Creative Planning now owns 8,925 shares of the company’s stock worth $112,000 after buying an additional 138 shares during the period. Smith Asset Management Group LP boosted its position in shares of Graphic Packaging Holding by 8,596.5% in the second quarter. Smith Asset Management Group LP now owns 9,914 shares of the company’s stock worth $124,000 after buying an additional 9,800 shares during the period. First National Bank of Omaha bought a new position in shares of Graphic Packaging Holding during the second quarter worth about $126,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Graphic Packaging Holding during the second quarter worth about $128,000. Hedge funds and other institutional investors own 98.13% of the company’s stock.
Shares of Graphic Packaging Holding (NYSE:GPK) opened at 13.99 on Thursday. The company has a market capitalization of $4.46 billion, a PE ratio of 18.05 and a beta of 1.57. The firm has a 50-day moving average of $14.14 and a 200 day moving average of $13.36. Graphic Packaging Holding has a 12 month low of $10.71 and a 12 month high of $14.70.
Graphic Packaging Holding (NYSE:GPK) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Graphic Packaging Holding had a return on equity of 23.10% and a net margin of 5.97%. The firm earned $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that Graphic Packaging Holding will post $0.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Thursday, September 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Tuesday, September 13th. Graphic Packaging Holding’s dividend payout ratio is 25.97%.
Graphic Packaging Holding Company Profile
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, Flexible Packaging, and Corporate and Other.
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