Research analysts at KeyCorp began coverage on shares of Graphic Packaging Holding Co. (NYSE:GPK) in a research note issued to investors on Wednesday. The brokerage set a “sector weight” rating on the stock.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada assumed coverage on Graphic Packaging Holding in a research note on Friday, September 30th. They set an “outperform” rating and a $17.00 target price for the company. Zacks Investment Research raised Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research report on Monday, August 15th. Robert W. Baird reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Graphic Packaging Holding in a research report on Monday, September 19th. CLSA initiated coverage on Graphic Packaging Holding in a research report on Tuesday, November 22nd. They set an “outperform” rating and a $15.00 price objective for the company. Finally, RBC Capital Markets initiated coverage on Graphic Packaging Holding in a research report on Thursday, September 29th. They set an “outperform” rating and a $17.00 price objective for the company. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $15.89.

Analyst Recommendations for Graphic Packaging Holding (NYSE:GPK)

Shares of Graphic Packaging Holding (NYSE:GPK) opened at 12.90 on Wednesday. The company’s 50-day moving average price is $12.98 and its 200 day moving average price is $13.38. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 16.69 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.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, December 13th. This is an increase from Graphic Packaging Holding’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a yield of 2.33%. Graphic Packaging Holding’s dividend payout ratio is currently 25.97%.

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A number of hedge funds have recently bought and sold shares of GPK. Nisa Investment Advisors LLC increased its stake in Graphic Packaging Holding by 37.7% in the third quarter. Nisa Investment Advisors LLC now owns 7,300 shares of the company’s stock valued at $102,000 after buying an additional 2,000 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in 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 valued at $111,000 after buying an additional 633 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in 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 valued at $117,000 after buying an additional 4,502 shares in the last quarter. BlackRock Japan Co. Ltd bought a new stake in Graphic Packaging Holding during the third quarter valued at approximately $118,000. Finally, Van ECK Associates Corp increased its stake in Graphic Packaging Holding by 11.8% in the second quarter. Van ECK Associates Corp now owns 8,649 shares of the company’s stock valued at $108,000 after buying an additional 912 shares in the last quarter. 97.08% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:GPK

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