Deutsche Bank Aktiengesellschaft Increases Graphic Packaging (NYSE:GPK) Price Target to $22.00


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Graphic Packaging (NYSE:GPK) had its price target boosted by equities research analysts at Deutsche Bank Aktiengesellschaft from $20.00 to $22.00 in a report released on Monday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 20.15% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company initiated coverage on Graphic Packaging in a report on Wednesday, March 31st. They issued an “overweight” rating and a $23.00 price objective for the company. Zacks Investment Research downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a report on Friday, February 5th. UBS Group initiated coverage on Graphic Packaging in a report on Tuesday, January 12th. They issued a “neutral” rating and a $18.00 price target for the company. Morgan Stanley increased their price target on Graphic Packaging from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, January 12th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Graphic Packaging in a report on Monday, January 11th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $19.11.

NYSE GPK opened at $18.31 on Monday. The stock has a 50-day simple moving average of $17.87 and a 200 day simple moving average of $16.33. The company has a market capitalization of $5.20 billion, a PE ratio of 37.37, a P/E/G ratio of 0.59 and a beta of 1.19. The company has a current ratio of 1.17, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. Graphic Packaging has a 12 month low of $12.11 and a 12 month high of $18.88.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Monday, February 1st. The industrial products company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.59 billion. Graphic Packaging had a return on equity of 15.24% and a net margin of 2.12%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. As a group, sell-side analysts predict that Graphic Packaging will post 1.1 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of GPK. Morgan Stanley boosted its position in shares of Graphic Packaging by 228.5% during the third quarter. Morgan Stanley now owns 739,394 shares of the industrial products company’s stock worth $10,418,000 after buying an additional 514,328 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in Graphic Packaging during the third quarter valued at approximately $192,000. Great West Life Assurance Co. Can boosted its position in Graphic Packaging by 21.6% during the third quarter. Great West Life Assurance Co. Can now owns 27,353 shares of the industrial products company’s stock valued at $385,000 after purchasing an additional 4,865 shares during the last quarter. Aurora Investment Counsel boosted its position in Graphic Packaging by 3.2% during the third quarter. Aurora Investment Counsel now owns 61,239 shares of the industrial products company’s stock valued at $941,000 after purchasing an additional 1,920 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Graphic Packaging during the third quarter valued at approximately $714,000. 94.20% of the stock is owned by institutional investors.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, 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), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.

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Analyst Recommendations for Graphic Packaging (NYSE:GPK)

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