Graphic Packaging (NYSE:GPK) Now Covered by Mizuho

Analysts at Mizuho began coverage on shares of Graphic Packaging (NYSE:GPK) in a research report issued on Tuesday, Analyst Ratings Network reports. The firm set a “buy” rating and a $25.00 price target on the industrial products company’s stock. Mizuho’s price objective points to a potential upside of 28.87% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company dropped their price target on Graphic Packaging from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, June 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $22.00 price target on shares of Graphic Packaging in a research report on Friday, August 6th. Jefferies Financial Group started coverage on Graphic Packaging in a research report on Wednesday, September 15th. They set a “hold” rating and a $21.00 price target for the company. Morgan Stanley raised their price target on Graphic Packaging from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, July 30th. Finally, Royal Bank of Canada lifted their price objective on Graphic Packaging from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, July 30th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $22.54.

Shares of GPK stock opened at $19.40 on Tuesday. The stock has a fifty day moving average price of $19.59 and a 200 day moving average price of $18.70. The stock has a market cap of $5.96 billion, a PE ratio of 24.56, a P/E/G ratio of 0.63 and a beta of 1.22. Graphic Packaging has a 1 year low of $13.14 and a 1 year high of $20.88. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.53 and a current ratio of 1.29.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Monday, July 26th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.69 billion. Graphic Packaging had a return on equity of 16.04% and a net margin of 3.26%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share. As a group, equities research analysts predict that Graphic Packaging will post 1.26 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. PNC Managed Account Solutions Inc. acquired a new position in Graphic Packaging in the second quarter worth $26,000. Cutler Group LP boosted its holdings in Graphic Packaging by 652.0% in the second quarter. Cutler Group LP now owns 1,504 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 1,304 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Graphic Packaging by 156.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,488 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 2,128 shares during the period. Van ECK Associates Corp boosted its holdings in Graphic Packaging by 15.6% in the first quarter. Van ECK Associates Corp now owns 3,913 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 528 shares during the period. Finally, Toronto Dominion Bank acquired a new position in shares of Graphic Packaging during the second quarter valued at $146,000. Institutional investors and hedge funds own 93.97% of the company’s stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Co provides paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. The firm produces folding cartons, kraft paperboard, coated-recycled boxboard and multi-wall bags. It operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging and Europe Paperboard Packaging.

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Analyst Recommendations for Graphic Packaging (NYSE:GPK)

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