Graphic Packaging (NYSE:GPK) Price Target Raised to $36.00

Graphic Packaging (NYSE:GPK) had its price objective boosted by Robert W. Baird from $30.00 to $36.00 in a report released on Wednesday morning, Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

A number of other analysts have also weighed in on the company. Citigroup reduced their target price on Graphic Packaging from $31.00 to $30.00 and set a buy rating on the stock in a research note on Monday, July 8th. Stifel Nicolaus began coverage on shares of Graphic Packaging in a research note on Tuesday, July 9th. They issued a buy rating and a $35.20 price target on the stock. Truist Financial boosted their price objective on shares of Graphic Packaging from $31.00 to $33.00 and gave the company a buy rating in a research report on Tuesday, July 16th. Finally, StockNews.com lowered shares of Graphic Packaging from a buy rating to a hold rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $31.15.

Graphic Packaging Price Performance

GPK stock opened at $28.92 on Wednesday. The stock has a market cap of $8.68 billion, a PE ratio of 13.09, a P/E/G ratio of 5.10 and a beta of 0.84. Graphic Packaging has a 12 month low of $20.07 and a 12 month high of $30.66. The company has a 50-day moving average price of $27.38 and a 200 day moving average price of $27.07. The company has a current ratio of 1.45, a quick ratio of 0.52 and a debt-to-equity ratio of 1.75.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the business earned $0.66 earnings per share. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. Equities research analysts anticipate that Graphic Packaging will post 2.72 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 5th. Investors of record on Sunday, September 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, September 13th. Graphic Packaging’s dividend payout ratio (DPR) is 18.10%.

Institutional Trading of Graphic Packaging

Several hedge funds and other institutional investors have recently bought and sold shares of GPK. Capital Insight Partners LLC boosted its position in Graphic Packaging by 9.8% during the fourth quarter. Capital Insight Partners LLC now owns 31,335 shares of the industrial products company’s stock valued at $772,000 after purchasing an additional 2,800 shares in the last quarter. Benin Management CORP bought a new position in shares of Graphic Packaging during the 4th quarter worth approximately $234,000. Allspring Global Investments Holdings LLC raised its stake in shares of Graphic Packaging by 102.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,928,197 shares of the industrial products company’s stock worth $121,480,000 after acquiring an additional 2,498,942 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Graphic Packaging during the fourth quarter valued at approximately $2,896,000. Finally, Moody Aldrich Partners LLC acquired a new stake in Graphic Packaging in the fourth quarter valued at approximately $208,000. Institutional investors own 99.67% of the company’s stock.

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.