Graphic Packaging (NYSE:GPK) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Graphic Packaging (NYSE:GPK) from a neutral rating to an overweight rating in a report released on Wednesday, MarketBeat.com reports. The firm currently has $11.50 target price on the industrial products company’s stock, down from their prior target price of $12.50.

Several other analysts have also issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Graphic Packaging in a report on Monday. Bank of America dropped their price target on shares of Graphic Packaging from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, September 11th. Zacks Research raised shares of Graphic Packaging from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Wells Fargo & Company upped their price objective on shares of Graphic Packaging from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada set a $11.50 price objective on shares of Graphic Packaging in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Graphic Packaging currently has an average rating of “Reduce” and an average target price of $11.40.

Graphic Packaging Price Performance

GPK stock opened at $9.38 on Wednesday. The business has a fifty day moving average of $10.82 and a two-hundred day moving average of $10.39. The company has a quick ratio of 0.60, a current ratio of 1.38 and a debt-to-equity ratio of 1.58. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 14.21 and a beta of 0.65. Graphic Packaging has a 52-week low of $8.78 and a 52-week high of $19.71.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.18 billion. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%.The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. As a group, research analysts anticipate that Graphic Packaging will post 0.72 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.44 dividend on an annualized basis and a yield of 4.7%. Graphic Packaging’s dividend payout ratio is 66.67%.

Hedge Funds Weigh In On Graphic Packaging

Institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Graphic Packaging in the 2nd quarter valued at about $440,345,000. Eminence Capital LP lifted its stake in Graphic Packaging by 67.5% in the fourth quarter. Eminence Capital LP now owns 12,811,941 shares of the industrial products company’s stock worth $192,948,000 after acquiring an additional 5,163,806 shares during the last quarter. Manning & Napier Advisors LLC grew its holdings in Graphic Packaging by 6,288.6% during the 1st quarter. Manning & Napier Advisors LLC now owns 8,481,670 shares of the industrial products company’s stock worth $84,308,000 after acquiring an additional 8,348,907 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Graphic Packaging by 51.7% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 6,195,333 shares of the industrial products company’s stock valued at $93,302,000 after purchasing an additional 2,111,157 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Graphic Packaging in the 2nd quarter valued at approximately $45,266,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, operating through Graphic Packaging International, develops and manufactures fiber-based packaging solutions for consumer packaged goods companies. Its products are used primarily in the food, beverage and household products industries, where packaging is designed to protect products, support branding and improve convenience.

The company’s offerings include folding cartons, paperboard packaging, coated recycled board, paper cups and other foodservice packaging products.