Brokerages Set Graphic Packaging Holding Company (GPK) Price Target at $15.69

Shares of Graphic Packaging Holding Company (NYSE:GPK) have been given a consensus rating of “Buy” by the eleven research firms that are presently covering the company. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $15.69.

A number of equities research analysts have weighed in on the company. Bank of America Corp upgraded Graphic Packaging Holding Company from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 7th. They noted that the move was a valuation call. Goldman Sachs Group Inc downgraded Graphic Packaging Holding Company from a “conviction-buy” rating to a “buy” rating and set a $15.50 target price for the company. in a research report on Friday, January 27th. Zacks Investment Research upgraded Graphic Packaging Holding Company from a “sell” rating to a “hold” rating in a research report on Thursday, February 9th. KeyCorp restated a “hold” rating on shares of Graphic Packaging Holding Company in a research report on Tuesday, February 7th. Finally, Jefferies Group LLC downgraded Graphic Packaging Holding Company from a “buy” rating to a “hold” rating and cut their target price for the stock from $15.00 to $14.00 in a research report on Friday, January 20th.

Shares of Graphic Packaging Holding Company (NYSE:GPK) opened at 13.23 on Tuesday. The stock’s 50 day moving average price is $13.13 and its 200 day moving average price is $13.16. Graphic Packaging Holding Company has a 12-month low of $11.95 and a 12-month high of $14.70. The firm has a market cap of $4.13 billion, a PE ratio of 18.63 and a beta of 1.20.

Graphic Packaging Holding Company (NYSE:GPK) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Graphic Packaging Holding Company had a return on equity of 21.46% and a net margin of 5.30%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. On average, equities research analysts predict that Graphic Packaging Holding Company will post $0.75 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Monday, March 13th. This represents a $0.30 annualized dividend and a dividend yield of 2.27%. Graphic Packaging Holding Company’s dividend payout ratio is currently 42.25%.

In other Graphic Packaging Holding Company news, Director Harold R. Logan, Jr. sold 9,200 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $13.54, for a total transaction of $124,568.00. Following the sale, the director now directly owns 48,876 shares of the company’s stock, valued at approximately $661,781.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.47% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its stake in shares of Graphic Packaging Holding Company by 37.7% in the third quarter. Nisa Investment Advisors LLC now owns 7,300 shares of the company’s stock worth $102,000 after buying an additional 2,000 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in Graphic Packaging Holding Company by 8.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 7,947 shares of the company’s stock worth $111,000 after buying an additional 633 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Graphic Packaging Holding Company by 116.2% in the third quarter. Tower Research Capital LLC TRC now owns 8,378 shares of the company’s stock worth $117,000 after buying an additional 4,502 shares during the last quarter. BlackRock Japan Co. Ltd bought a new stake in Graphic Packaging Holding Company during the third quarter worth $118,000. Finally, Public Employees Retirement Association of Colorado boosted its stake in Graphic Packaging Holding Company by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 10,278 shares of the company’s stock worth $144,000 after buying an additional 42 shares during the last quarter. 92.99% of the stock is currently owned by institutional investors.

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Graphic Packaging Holding Company 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, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

5 Day Chart for NYSE:GPK

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