Graphic Packaging (NYSE:GPK) Price Target Raised to $12.00

Graphic Packaging (NYSE:GPK) had its target price hoisted by Royal Bank Of Canada from $9.00 to $12.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a sector perform rating on the industrial products company’s stock.

Other research analysts have also recently issued reports about the stock. Truist Financial set a $9.00 price target on shares of Graphic Packaging in a research report on Wednesday. Citigroup lowered their price objective on shares of Graphic Packaging from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Bank of America cut their price objective on shares of Graphic Packaging from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, September 11th. JPMorgan Chase & Co. raised shares of Graphic Packaging from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $12.50 to $11.50 in a report on Wednesday, September 23rd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Graphic Packaging in a research report on Monday, September 21st. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Graphic Packaging presently has an average rating of “Reduce” and a consensus price target of $11.01.

Graphic Packaging Price Performance

Shares of Graphic Packaging stock traded down $0.32 during trading on Wednesday, hitting $11.22. 6,040,492 shares of the stock traded hands, compared to its average volume of 7,540,982. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 44.88 and a beta of 0.65. The company has a quick ratio of 0.60, a current ratio of 1.38 and a debt-to-equity ratio of 1.58. Graphic Packaging has a 52 week low of $8.15 and a 52 week high of $16.61. The firm’s fifty day moving average is $9.43 and its 200-day moving average is $10.63.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, November 3rd. The industrial products company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.17 billion. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%. Graphic Packaging’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. Research analysts expect that Graphic Packaging will post 0.68 EPS for the current fiscal year.

Institutional Trading of Graphic Packaging

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bell Investment Advisors Inc purchased a new stake in shares of Graphic Packaging during the second quarter valued at approximately $25,000. Versant Capital Management Inc raised its holdings in Graphic Packaging by 1,075.7% during the 2nd quarter. Versant Capital Management Inc now owns 3,480 shares of the industrial products company’s stock valued at $37,000 after buying an additional 3,184 shares during the last quarter. Heritage Family Offices LLP purchased a new stake in Graphic Packaging during the 3rd quarter valued at $34,000. Bessemer Group Inc. boosted its position in Graphic Packaging by 259.4% during the 1st quarter. Bessemer Group Inc. now owns 4,148 shares of the industrial products company’s stock valued at $41,000 after buying an additional 2,994 shares during the period. Finally, Nykredit A S bought a new stake in Graphic Packaging in the 2nd quarter worth $50,000. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, through its subsidiary Graphic Packaging International, develops and manufactures fiber-based packaging products for consumer goods companies. Its offerings include paperboard folding cartons, beverage carriers, cups, foodservice packaging, and other packaging solutions designed for products sold in grocery, foodservice, beverage, and household markets.

The company serves brand owners and manufacturers across a range of end markets, including food, beverage, consumer packaged goods, and foodservice.