CLSA began coverage on shares of Graphic Packaging Holding Co. (NYSE:GPK) in a report issued on Tuesday morning. The brokerage issued an outperform rating and a $15.00 price objective on the stock.

GPK has been the subject of several other reports. Zacks Investment Research downgraded Graphic Packaging Holding from a hold rating to a sell rating in a research note on Wednesday, October 5th. Jefferies Group reaffirmed a buy rating and issued a $15.00 price objective (down from $16.00) on shares of Graphic Packaging Holding in a research note on Friday, October 28th. Bank of America Corp. downgraded Graphic Packaging Holding from a buy rating to a neutral rating in a research note on Monday, October 3rd. RBC Capital Markets began coverage on Graphic Packaging Holding in a research note on Thursday, September 29th. They issued an outperform rating and a $17.00 price objective for the company. Finally, Citigroup Inc. raised their price objective on Graphic Packaging Holding from $15.50 to $16.00 and gave the company a buy rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $15.89.

Shares of Graphic Packaging Holding (NYSE:GPK) traded up 2.459% during trading on Tuesday, hitting $13.125. The stock had a trading volume of 2,773,044 shares. The company has a market cap of $4.17 billion, a PE ratio of 16.979 and a beta of 1.31. Graphic Packaging Holding has a 12-month low of $10.71 and a 12-month high of $14.70. The stock’s 50 day moving average is $13.06 and its 200-day moving average is $13.38.

Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by $0.01. The business earned $1.10 billion during the quarter, compared to analyst estimates of $1.14 billion. Graphic Packaging Holding had a net margin of 5.87% and a return on equity of 22.90%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 earnings per share. Analysts forecast that Graphic Packaging Holding will post $0.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Thursday, December 15th will be issued a $0.075 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $0.30 dividend on an annualized basis and a yield of 2.34%. This is a boost from Graphic Packaging Holding’s previous quarterly dividend of $0.05. Graphic Packaging Holding’s dividend payout ratio (DPR) is presently 25.97%.

A number of hedge funds and other institutional investors have recently modified their holdings of GPK. Nisa Investment Advisors LLC boosted its position in shares of Graphic Packaging Holding by 37.7% in the third quarter. Nisa Investment Advisors LLC now owns 7,300 shares of the company’s stock worth $102,000 after buying an additional 2,000 shares during the last quarter. 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 last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Graphic Packaging Holding by 8.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 7,947 shares of the company’s stock worth $111,000 after buying an additional 633 shares during the last quarter. 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 last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Graphic Packaging Holding by 116.2% in the third quarter. Tower Research Capital LLC TRC now owns 8,378 shares of the company’s stock worth $117,000 after buying an additional 4,502 shares during the last quarter. Hedge funds and other institutional investors own 99.19% of the company’s stock.

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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.

5 Day Chart for NYSE:GPK

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