Graphic Packaging Holding Co. (NYSE:GPK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “

A number of other equities research analysts have also recently weighed in on the company. CLSA began coverage on Graphic Packaging Holding in a research note on Tuesday. They issued an “outperform” rating and a $15.00 price target on the stock. Jefferies Group restated a “buy” rating and issued a $15.00 price target (down previously from $16.00) on shares of Graphic Packaging Holding in a research note on Friday, October 28th. Bank of America Corp. cut Graphic Packaging Holding from a “buy” rating to a “neutral” rating in a research note on Monday, October 3rd. Royal Bank Of Canada assumed coverage on Graphic Packaging Holding in a research note on Friday, September 30th. They issued an “outperform” rating and a $17.00 price target on the stock. Finally, RBC Capital Markets assumed coverage on Graphic Packaging Holding in a report on Thursday, September 29th. They issued an “outperform” rating and a $17.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Graphic Packaging Holding has an average rating of “Buy” and an average price target of $15.89.

Analyst Recommendations for Graphic Packaging Holding (NYSE:GPK)

Graphic Packaging Holding (NYSE:GPK) opened at 12.95 on Tuesday. The firm’s 50 day moving average price is $13.04 and its 200-day moving average price is $13.38. The company has a market capitalization of $4.11 billion, a PE ratio of 16.75 and a beta of 1.31. Graphic Packaging Holding has a one year low of $10.71 and a one year high of $14.70.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.075 per share. This is a positive change from Graphic Packaging Holding’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, December 13th. Graphic Packaging Holding’s dividend payout ratio is 25.97%.

Hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in Graphic Packaging Holding by 1.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,801,122 shares of the company’s stock valued at $67,168,000 after buying an additional 83,028 shares during the period. Verition Fund Management LLC raised its stake in Graphic Packaging Holding by 251.9% in the third quarter. Verition Fund Management LLC now owns 52,323 shares of the company’s stock valued at $732,000 after buying an additional 37,453 shares during the period. D. E. Shaw & Co. Inc. raised its stake in Graphic Packaging Holding by 4.1% in the third quarter. D. E. Shaw & Co. Inc. now owns 3,105,182 shares of the company’s stock valued at $43,442,000 after buying an additional 121,109 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Graphic Packaging Holding during the third quarter valued at $123,000. Finally, Two Sigma Securities LLC acquired a new stake in Graphic Packaging Holding during the third quarter valued at $165,000. 99.19% of the stock is currently owned by institutional investors.

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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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