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.
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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