Graphic Packaging (NYSE:GPK) Price Target Lowered to $18.00 at Wells Fargo & Company

Graphic Packaging (NYSE:GPK) had its price objective decreased by research analysts at Wells Fargo & Company from $20.00 to $18.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 8.47% from the stock’s previous close.

Several other equities research analysts also recently weighed in on GPK. Royal Bank Of Canada downgraded Graphic Packaging from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $25.00 to $21.00 in a report on Thursday, October 9th. Raymond James Financial cut shares of Graphic Packaging from an “outperform” rating to a “market perform” rating in a report on Friday, October 17th. Truist Financial decreased their price target on shares of Graphic Packaging from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Zacks Research cut Graphic Packaging from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Graphic Packaging in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Graphic Packaging currently has a consensus rating of “Hold” and a consensus price target of $22.75.

Graphic Packaging Price Performance

Shares of GPK stock traded down $0.41 during trading hours on Thursday, reaching $16.59. The company’s stock had a trading volume of 2,159,830 shares, compared to its average volume of 3,400,631. The firm’s 50 day simple moving average is $18.98 and its 200-day simple moving average is $21.30. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 9.36 and a beta of 0.72. Graphic Packaging has a fifty-two week low of $14.90 and a fifty-two week high of $30.49. The company has a quick ratio of 0.56, a current ratio of 1.43 and a debt-to-equity ratio of 1.68.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, November 4th. The industrial products company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.17 billion. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%. Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. Sell-side analysts forecast that Graphic Packaging will post 2.47 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Joseph P. Yost sold 30,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $22.72, for a total transaction of $681,600.00. Following the transaction, the executive vice president directly owned 255,203 shares in the company, valued at approximately $5,798,212.16. This represents a 10.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.41% of the company’s stock.

Hedge Funds Weigh In On Graphic Packaging

Hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of Graphic Packaging by 1,004.9% in the 1st quarter. Victory Capital Management Inc. now owns 9,240,697 shares of the industrial products company’s stock worth $239,888,000 after purchasing an additional 8,404,340 shares during the period. American Century Companies Inc. lifted its stake in Graphic Packaging by 19.1% in the second quarter. American Century Companies Inc. now owns 22,022,347 shares of the industrial products company’s stock worth $464,011,000 after acquiring an additional 3,533,846 shares during the last quarter. Norges Bank purchased a new position in Graphic Packaging in the second quarter worth approximately $55,632,000. Allspring Global Investments Holdings LLC lifted its stake in Graphic Packaging by 8.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,138,977 shares of the industrial products company’s stock worth $374,550,000 after acquiring an additional 1,502,681 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of Graphic Packaging by 11,000.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,299,806 shares of the industrial products company’s stock valued at $33,743,000 after buying an additional 1,288,096 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.