Graphic Packaging Holding Company (GPK) Receives Consensus Recommendation of “Buy” from Brokerages
Graphic Packaging Holding Company (NYSE:GPK) has been assigned an average rating of “Buy” from the twelve analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $15.73.
GPK has been the topic of a number of recent research reports. DA Davidson initiated coverage on Graphic Packaging Holding in a report on Monday, July 10th. They issued a “buy” rating and a $17.50 target price on the stock. BidaskClub upgraded Graphic Packaging Holding from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. BMO Capital Markets restated a “buy” rating and issued a $15.50 target price on shares of Graphic Packaging Holding in a report on Friday, June 23rd. Jefferies Group LLC restated a “hold” rating and issued a $15.00 target price (up previously from $14.00) on shares of Graphic Packaging Holding in a report on Friday, July 14th. Finally, Zacks Investment Research lowered Graphic Packaging Holding from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.
In related news, Director G Andrea Botta sold 10,982 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $13.45, for a total transaction of $147,707.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.02% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. increased its stake in shares of Graphic Packaging Holding by 1.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 8,039 shares of the industrial products company’s stock worth $103,000 after buying an additional 116 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Graphic Packaging Holding during the first quarter worth approximately $104,000. Van ECK Associates Corp increased its stake in shares of Graphic Packaging Holding by 1.6% in the second quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock worth $105,000 after buying an additional 117 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Graphic Packaging Holding by 124.0% in the first quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock worth $130,000 after buying an additional 5,582 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. acquired a new stake in shares of Graphic Packaging Holding during the first quarter worth approximately $136,000. 97.71% of the stock is owned by institutional investors.
Graphic Packaging Holding (NYSE:GPK) traded down 0.912% during midday trading on Tuesday, reaching $13.585. The company’s stock had a trading volume of 511,082 shares. The firm has a 50 day moving average of $13.55 and a 200 day moving average of $13.33. Graphic Packaging Holding has a 52-week low of $12.00 and a 52-week high of $14.70. The firm has a market cap of $4.21 billion, a P/E ratio of 25.204 and a beta of 1.14.
Graphic Packaging Holding (NYSE:GPK) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. Graphic Packaging Holding had a return on equity of 18.22% and a net margin of 3.98%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company earned $0.19 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Analysts anticipate that Graphic Packaging Holding will post $0.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Thursday, September 14th. Graphic Packaging Holding’s payout ratio is 54.55%.
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, 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.
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