Graphic Packaging Holding Co. (NYSE:GPK) has earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $15.88.
GPK has been the topic of a number of analyst reports. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $16.50 price objective on shares of Graphic Packaging Holding in a research report on Wednesday, June 1st. Citigroup Inc. lifted their price objective on shares of Graphic Packaging Holding from $15.50 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Zacks Investment Research upgraded shares of Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research report on Friday, August 26th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $16.00 price objective on shares of Graphic Packaging Holding in a research report on Monday, September 19th.
In other Graphic Packaging Holding news, Director Harold R. Logan, Jr. sold 14,568 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $13.99, for a total transaction of $203,806.32. Following the sale, the director now directly owns 58,076 shares in the company, valued at approximately $812,483.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.47% of the company’s stock.
Several large investors have recently added to or reduced their stakes in GPK. Norges Bank acquired a new stake in Graphic Packaging Holding during the fourth quarter valued at approximately $40,497,000. Aperio Group LLC raised its stake in Graphic Packaging Holding by 31.3% in the first quarter. Aperio Group LLC now owns 53,364 shares of the company’s stock valued at $686,000 after buying an additional 12,730 shares in the last quarter. Icon Advisers Inc. Co. raised its stake in Graphic Packaging Holding by 115.2% in the first quarter. Icon Advisers Inc. Co. now owns 355,000 shares of the company’s stock valued at $4,562,000 after buying an additional 190,000 shares in the last quarter. Pacad Investment Ltd. raised its stake in Graphic Packaging Holding by 155.4% in the first quarter. Pacad Investment Ltd. now owns 97,809 shares of the company’s stock valued at $1,257,000 after buying an additional 59,509 shares in the last quarter. Finally, Teachers Advisors Inc. raised its stake in Graphic Packaging Holding by 34.5% in the first quarter. Teachers Advisors Inc. now owns 737,049 shares of the company’s stock valued at $9,471,000 after buying an additional 188,940 shares in the last quarter. Institutional investors and hedge funds own 98.13% of the company’s stock.
Shares of Graphic Packaging Holding (NYSE:GPK) traded down 1.44% during midday trading on Thursday, hitting $13.69. 2,056,501 shares of the stock were exchanged. Graphic Packaging Holding has a 12-month low of $10.71 and a 12-month high of $14.70. The firm has a 50-day moving average price of $14.15 and a 200 day moving average price of $13.35. The firm has a market cap of $4.37 billion, a PE ratio of 17.66 and a beta of 1.57.
Graphic Packaging Holding (NYSE:GPK) last announced its earnings results on Tuesday, July 26th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Graphic Packaging Holding had a net margin of 5.97% and a return on equity of 23.10%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. Analysts predict that Graphic Packaging Holding will post $0.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.44%. Graphic Packaging Holding’s payout ratio is currently 25.97%.
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.
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