Graphic Packaging Holding Co. (GPK) Coverage Initiated by Analysts at Royal Bank Of Canada
Royal Bank Of Canada initiated coverage on shares of Graphic Packaging Holding Co. (NYSE:GPK) in a research report report published on Friday. The brokerage issued an outperform rating and a $17.00 target price on the stock.
Other analysts have also issued research reports about the company. Zacks Investment Research lowered Graphic Packaging Holding from a hold rating to a sell rating in a report on Monday, July 4th. Citigroup Inc. raised their target price on Graphic Packaging Holding from $15.50 to $16.00 and gave the company a buy rating in a report on Wednesday, July 27th. Robert W. Baird reiterated an outperform rating and issued a $16.00 price objective on shares of Graphic Packaging Holding in a research report on Monday, September 19th. Finally, RBC Capital Markets assumed coverage on Graphic Packaging Holding in a research report on Thursday. They issued an outperform rating and a $17.00 price objective for the company. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $15.83.
Shares of Graphic Packaging Holding (NYSE:GPK) traded down 2.14% during mid-day trading on Friday, reaching $13.69. 1,044,971 shares of the company traded hands. Graphic Packaging Holding has a 52-week low of $10.71 and a 52-week high of $14.70. The firm’s 50 day moving average price is $14.14 and its 200-day moving average price is $13.36. The company has a market capitalization of $4.37 billion, a P/E ratio of 17.66 and a beta of 1.47.
Graphic Packaging Holding (NYSE:GPK) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.19 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.19. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Graphic Packaging Holding had a return on equity of 23.10% and a net margin of 5.97%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 EPS. Equities analysts predict that Graphic Packaging Holding will post $0.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Thursday, September 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.43%. Graphic Packaging Holding’s dividend payout ratio (DPR) is currently 25.97%.
In other news, Director Harold R. Logan, Jr. sold 14,568 shares of Graphic Packaging Holding stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $13.99, for a total value of $203,806.32. Following the completion of the sale, the director now directly owns 58,076 shares of the company’s stock, valued at approximately $812,483.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.47% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in GPK. RS Investment Management Co. LLC boosted its stake in shares of Graphic Packaging Holding by 3.4% in the second quarter. RS Investment Management Co. LLC now owns 3,117,381 shares of the company’s stock worth $39,092,000 after buying an additional 101,187 shares during the period. State Street Corp boosted its stake in shares of Graphic Packaging Holding by 2.2% in the first quarter. State Street Corp now owns 3,649,043 shares of the company’s stock worth $46,892,000 after buying an additional 79,898 shares during the period. Anchor Bolt Capital LP boosted its stake in shares of Graphic Packaging Holding by 29.0% in the first quarter. Anchor Bolt Capital LP now owns 3,916,183 shares of the company’s stock worth $50,323,000 after buying an additional 881,467 shares during the period. Sapphire Star Partners LP boosted its stake in shares of Graphic Packaging Holding by 100.0% in the first quarter. Sapphire Star Partners LP now owns 31,170 shares of the company’s stock worth $400,000 after buying an additional 15,585 shares during the period. Finally, First National Bank of Omaha bought a new stake in shares of Graphic Packaging Holding during the second quarter worth approximately $126,000. 98.13% of the stock is owned by institutional investors and hedge funds.
About Graphic Packaging Holding
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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