Brokerages Set Graphic Packaging Holding (NYSE:GPK) Target Price at $31.53

Shares of Graphic Packaging Holding (NYSE:GPK) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $31.53.

Several research firms have recently issued reports on GPK. Robert W. Baird raised their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Wells Fargo & Company upped their target price on Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, July 31st. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Truist Financial downgraded Graphic Packaging from a “buy” rating to a “hold” rating and cut their price objective for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada lowered their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th.

Insiders Place Their Bets

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the sale, the executive vice president now owns 81,026 shares in the company, valued at $2,348,943.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Graphic Packaging

Several institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of Graphic Packaging by 546.6% in the 3rd quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 798 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Graphic Packaging during the first quarter worth $38,000. GAMMA Investing LLC grew its holdings in shares of Graphic Packaging by 46.3% during the second quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock valued at $72,000 after buying an additional 868 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of Graphic Packaging in the 2nd quarter valued at $88,000. Finally, LGT Group Foundation purchased a new position in Graphic Packaging in the 1st quarter worth $134,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Graphic Packaging Price Performance

GPK stock opened at $29.05 on Tuesday. Graphic Packaging has a 52 week low of $21.25 and a 52 week high of $30.70. The firm has a market capitalization of $8.72 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 10.81 and a beta of 0.83. The company has a fifty day simple moving average of $29.28 and a two-hundred day simple moving average of $28.22. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.04). The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. Analysts anticipate that Graphic Packaging will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.