Graphic Packaging (NYSE:GPK) Stock Gets Price Target Cut from Wells Fargo & Company

Graphic Packaging (NYSE:GPK) had its price objective reduced by Wells Fargo & Company from $10.00 to $9.00 in a research report report published on Monday morning,Benzinga reports. They currently have an underweight rating on the industrial products company’s stock.

Several other research analysts have also commented on the company. JPMorgan Chase & Co. raised Graphic Packaging from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $12.50 to $11.50 in a report on Wednesday, September 23rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Graphic Packaging in a research note on Monday, September 21st. Citigroup dropped their target price on shares of Graphic Packaging from $13.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, October 2nd. UBS Group cut their price target on shares of Graphic Packaging from $12.00 to $9.50 and set a “neutral” rating for the company in a research note on Monday, October 5th. Finally, Bank of America decreased their price target on shares of Graphic Packaging from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, September 11th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Graphic Packaging currently has an average rating of “Reduce” and a consensus price target of $10.29.

Graphic Packaging Trading Down 1.4%

Graphic Packaging stock opened at $8.38 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.60 and a current ratio of 1.38. Graphic Packaging has a fifty-two week low of $8.15 and a fifty-two week high of $18.25. The stock has a market cap of $2.48 billion, a P/E ratio of 7.72 and a beta of 0.66. The firm’s fifty day moving average price is $9.82 and its 200-day moving average price is $10.27.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%. The firm’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. Equities research analysts forecast that Graphic Packaging will post 0.69 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 15th. Graphic Packaging’s payout ratio is 66.67%.

Hedge Funds Weigh In On Graphic Packaging

Several institutional investors and hedge funds have recently bought and sold shares of GPK. BlackRock Inc. bought a new stake in Graphic Packaging in the second quarter valued at approximately $440,345,000. Manning & Napier Advisors LLC increased its stake in shares of Graphic Packaging by 6,288.6% in the first quarter. Manning & Napier Advisors LLC now owns 8,481,670 shares of the industrial products company’s stock worth $84,308,000 after buying an additional 8,348,907 shares during the period. Bank of America Corp DE bought a new stake in Graphic Packaging during the 2nd quarter valued at $45,266,000. Maple Rock Capital Partners Inc. purchased a new stake in Graphic Packaging during the 2nd quarter valued at $43,335,000. Finally, Assenagon Asset Management S.A. boosted its position in Graphic Packaging by 323.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,863,216 shares of the industrial products company’s stock valued at $25,912,000 after buying an additional 2,187,139 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, through its subsidiary Graphic Packaging International, develops and manufactures fiber-based packaging products for consumer goods companies. Its offerings include paperboard folding cartons, beverage carriers, cups, foodservice packaging, and other packaging solutions designed for products sold in grocery, foodservice, beverage, and household markets.

The company serves brand owners and manufacturers across a range of end markets, including food, beverage, consumer packaged goods, and foodservice.