Shares of Graphic Packaging Holding (NYSE:GPK) have been assigned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $17.93.

Several research analysts have recently issued reports on the stock. Bank of America cut their target price on shares of Graphic Packaging from $17.00 to $16.50 and set a “buy” rating on the stock in a report on Wednesday, July 25th. Citigroup cut their target price on shares of Graphic Packaging from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, July 25th. Finally, Zacks Investment Research upgraded shares of Graphic Packaging from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th.

NYSE GPK traded down $0.29 on Wednesday, reaching $14.40. 145,806 shares of the company’s stock traded hands, compared to its average volume of 2,686,443. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.77 and a quick ratio of 0.81. Graphic Packaging has a 12 month low of $13.27 and a 12 month high of $16.74. The stock has a market capitalization of $4.56 billion, a P/E ratio of 23.32, a PEG ratio of 1.16 and a beta of 1.08.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, July 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Graphic Packaging had a return on equity of 13.05% and a net margin of 5.74%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the business posted $0.15 EPS. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. equities analysts expect that Graphic Packaging will post 0.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Saturday, September 15th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, September 13th. Graphic Packaging’s dividend payout ratio is presently 47.62%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd raised its position in shares of Graphic Packaging by 583.1% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 6,660 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 5,685 shares during the last quarter. NumerixS Investment Technologies Inc raised its position in shares of Graphic Packaging by 2,633.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 8,200 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 7,900 shares during the last quarter. WealthTrust Fairport LLC purchased a new position in shares of Graphic Packaging in the 2nd quarter worth about $146,000. CIBC Asset Management Inc purchased a new position in shares of Graphic Packaging in the 2nd quarter worth about $148,000. Finally, Cerebellum GP LLC raised its position in shares of Graphic Packaging by 43.0% in the 2nd quarter. Cerebellum GP LLC now owns 11,999 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 3,607 shares during the last quarter. 99.12% of the stock is owned by hedge funds and other institutional investors.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.

Further Reading: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Graphic Packaging (NYSE:GPK)

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