Graphic Packaging (NYSE:GPK) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Investment analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Graphic Packaging (NYSE:GPK) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating and a $9.60 price target on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential downside of 3.38% from the stock’s current price.

GPK has been the topic of a number of other research reports. Robert W. Baird set a $15.00 price objective on shares of Graphic Packaging in a research report on Wednesday, February 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Graphic Packaging in a research note on Friday. Truist Financial set a $14.00 price target on Graphic Packaging in a research report on Wednesday, February 4th. UBS Group dropped their price objective on Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Finally, Zacks Research lowered Graphic Packaging from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Nine analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Graphic Packaging has an average rating of “Reduce” and an average price target of $15.29.

Graphic Packaging Stock Performance

Shares of GPK stock opened at $9.94 on Wednesday. The company has a market capitalization of $2.94 billion, a P/E ratio of 6.71 and a beta of 0.65. Graphic Packaging has a fifty-two week low of $8.78 and a fifty-two week high of $26.40. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.52 and a current ratio of 1.30. The stock has a 50 day moving average price of $11.91 and a two-hundred day moving average price of $15.00.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Monday, March 2nd. The industrial products company reported $0.24 earnings per share (EPS) for the quarter. Graphic Packaging had a net margin of 5.15% and a return on equity of 16.58%. The firm had revenue of $2.10 billion for the quarter. Analysts expect that Graphic Packaging will post 2.47 earnings per share for the current year.

Insiders Place Their Bets

In other Graphic Packaging news, CEO Robbert Rietbroek bought 44,278 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was acquired at an average price of $11.32 per share, with a total value of $501,226.96. Following the completion of the purchase, the chief executive officer owned 44,278 shares of the company’s stock, valued at approximately $501,226.96. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.41% of the company’s stock.

Institutional Trading of Graphic Packaging

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC raised its stake in Graphic Packaging by 1,267.1% during the fourth quarter. Hsbc Holdings PLC now owns 225,454 shares of the industrial products company’s stock valued at $3,418,000 after buying an additional 208,962 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Graphic Packaging by 121.8% in the fourth quarter. Corient Private Wealth LLC now owns 29,003 shares of the industrial products company’s stock worth $437,000 after acquiring an additional 15,927 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of Graphic Packaging during the fourth quarter valued at $178,000. Invesco Ltd. raised its position in shares of Graphic Packaging by 22.1% in the 4th quarter. Invesco Ltd. now owns 1,110,600 shares of the industrial products company’s stock worth $16,726,000 after purchasing an additional 200,746 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Graphic Packaging by 146.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 67,858 shares of the industrial products company’s stock worth $1,022,000 after purchasing an additional 40,369 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

About Graphic Packaging

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.