Graphic Packaging Holding (NYSE:GPK) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 7,660,000 shares, a decrease of 6.6% from the December 15th total of 8,200,000 shares. Based on an average daily trading volume, of 3,150,000 shares, the short-interest ratio is currently 2.4 days. Currently, 2.7% of the shares of the stock are short sold.

Shares of GPK traded up $0.04 during mid-day trading on Wednesday, reaching $16.62. The company had a trading volume of 1,972,860 shares, compared to its average volume of 2,970,666. The company’s 50 day simple moving average is $16.50 and its 200 day simple moving average is $15.03. Graphic Packaging has a 1-year low of $11.46 and a 1-year high of $16.95. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.64 and a current ratio of 1.62. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 0.96 and a beta of 1.39.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Graphic Packaging had a net margin of 3.60% and a return on equity of 12.72%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the company posted $0.22 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts forecast that Graphic Packaging will post 0.87 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th were paid a $0.075 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.81%. Graphic Packaging’s payout ratio is currently 37.04%.

A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Graphic Packaging from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. Deutsche Bank increased their price objective on shares of Graphic Packaging from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Zacks Investment Research upgraded shares of Graphic Packaging from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada restated a “buy” rating on shares of Graphic Packaging in a research note on Wednesday, December 11th. Finally, KeyCorp restated a “hold” rating on shares of Graphic Packaging in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.25.

Institutional investors and hedge funds have recently bought and sold shares of the company. Quest Capital Management Inc. ADV acquired a new stake in Graphic Packaging during the 3rd quarter worth approximately $45,000. Neo Ivy Capital Management acquired a new stake in Graphic Packaging during the 2nd quarter worth approximately $100,000. Point72 Hong Kong Ltd acquired a new stake in Graphic Packaging during the 2nd quarter worth approximately $120,000. Parallax Volatility Advisers L.P. acquired a new stake in Graphic Packaging during the 2nd quarter worth approximately $137,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Graphic Packaging during the 3rd quarter worth approximately $160,000.

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 folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

See Also: Cost of Goods Sold (COGS)

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