Graphic Packaging Holding’s (GPK) Outperform Rating Reiterated at Robert W. Baird
Other analysts also recently issued research reports about the stock. Goldman Sachs Group Inc. reissued a buy rating and issued a $16.50 price objective on shares of Graphic Packaging Holding in a research note on Wednesday, June 1st. Citigroup Inc. raised their price objective on shares of Graphic Packaging Holding from $15.50 to $16.00 and gave the stock a buy rating in a research note on Wednesday, July 27th. Finally, Zacks Investment Research raised shares of Graphic Packaging Holding from a sell rating to a hold rating in a research note on Friday, August 26th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $15.50.
Shares of Graphic Packaging Holding (NYSE:GPK) opened at 14.02 on Monday. Graphic Packaging Holding has a 1-year low of $10.71 and a 1-year high of $14.70. The company has a 50 day moving average price of $14.10 and a 200 day moving average price of $13.30. The stock has a market cap of $4.47 billion, a P/E ratio of 18.09 and a beta of 1.57.
Graphic Packaging Holding (NYSE:GPK) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.19 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.19. Graphic Packaging Holding had a net margin of 5.97% and a return on equity of 23.10%. The firm earned $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Graphic Packaging Holding will post $0.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Thursday, September 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.43%. The ex-dividend date is Tuesday, September 13th. Graphic Packaging Holding’s payout ratio is 25.97%.
In other Graphic Packaging Holding news, Director Harold R. Logan, Jr. sold 14,568 shares of Graphic Packaging Holding stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $13.99, for a total value of $203,806.32. Following the transaction, the director now directly owns 58,076 shares of the company’s stock, valued at $812,483.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.47% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in GPK. Van ECK Associates Corp raised its position 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. Creative Planning raised its position in Graphic Packaging Holding by 1.6% in the second quarter. Creative Planning now owns 8,925 shares of the company’s stock valued at $112,000 after buying an additional 138 shares in the last quarter. Smith Asset Management Group LP raised its position in Graphic Packaging Holding by 8,596.5% in the second quarter. Smith Asset Management Group LP now owns 9,914 shares of the company’s stock valued at $124,000 after buying an additional 9,800 shares in the last quarter. First National Bank of Omaha purchased a new position in Graphic Packaging Holding during the second quarter valued at about $126,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Graphic Packaging Holding during the second quarter valued at about $128,000. 98.13% of the stock is currently owned by institutional investors and hedge funds.
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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