Graphic Packaging Holding (NYSE:GPK) Receives $16.29 Consensus Target Price from Analysts
Shares of Graphic Packaging Holding (NYSE:GPK) have received a consensus recommendation of “Buy” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.29.
GPK has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating on shares of Graphic Packaging in a report on Wednesday, July 22nd. Zacks Investment Research raised Graphic Packaging from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, July 15th. Jefferies Financial Group cut Graphic Packaging from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a report on Monday, July 13th. ValuEngine cut Graphic Packaging from a “hold” rating to a “sell” rating in a report on Wednesday, May 27th. Finally, Seaport Global Securities upgraded Graphic Packaging from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, September 8th.
Several institutional investors have recently bought and sold shares of GPK. AJO LP grew its position in shares of Graphic Packaging by 1,262.3% during the 2nd quarter. AJO LP now owns 4,976,633 shares of the industrial products company’s stock worth $69,622,000 after buying an additional 4,611,309 shares during the period. Eminence Capital LP acquired a new position in shares of Graphic Packaging in the 2nd quarter valued at approximately $58,653,000. Handelsbanken Fonder AB grew its position in shares of Graphic Packaging by 139.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 5,825,052 shares of the industrial products company’s stock valued at $81,492,000 after purchasing an additional 3,395,052 shares during the period. AQR Capital Management LLC grew its position in shares of Graphic Packaging by 619.8% in the 1st quarter. AQR Capital Management LLC now owns 1,894,595 shares of the industrial products company’s stock valued at $22,887,000 after purchasing an additional 1,631,390 shares during the period. Finally, Waddell & Reed Financial Inc. grew its position in shares of Graphic Packaging by 111.4% in the 1st quarter. Waddell & Reed Financial Inc. now owns 1,620,344 shares of the industrial products company’s stock valued at $19,768,000 after purchasing an additional 853,964 shares during the period. Institutional investors own 96.09% of the company’s stock.
Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.07. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Graphic Packaging had a return on equity of 14.13% and a net margin of 1.97%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. Analysts predict that Graphic Packaging will post 1.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.075 per share. The ex-dividend date is Monday, September 14th. This represents a $0.30 annualized dividend and a dividend yield of 2.11%. Graphic Packaging’s payout ratio is currently 34.48%.
Graphic Packaging Company Profile
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.
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