Graphic Packaging (NYSE:GPK) Receives Neutral Rating from Citigroup

Graphic Packaging (NYSE:GPK)‘s stock had its “neutral” rating reiterated by analysts at Citigroup in a report issued on Monday, MarketBeat.com reports. They currently have a $30.00 price target on the industrial products company’s stock, down from their previous price target of $33.00. Citigroup’s price target would indicate a potential upside of 13.04% from the company’s current price.

Several other research firms have also recently commented on GPK. Royal Bank of Canada cut their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Truist Financial cut shares of Graphic Packaging from a “buy” rating to a “hold” rating and reduced their target price for the company from $32.00 to $30.00 in a research note on Wednesday, October 30th. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $24.00 to $27.00 in a research report on Monday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Graphic Packaging currently has a consensus rating of “Hold” and a consensus target price of $32.37.

Graphic Packaging Stock Up 0.4 %

Graphic Packaging stock opened at $26.54 on Monday. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 11.42 and a beta of 0.85. The firm has a fifty day moving average price of $28.52 and a two-hundred day moving average price of $28.54. Graphic Packaging has a fifty-two week low of $23.47 and a fifty-two week high of $30.70. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.04). Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company earned $0.74 EPS. Graphic Packaging’s revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, analysts forecast that Graphic Packaging will post 2.52 earnings per share for the current year.

Insider Activity at Graphic Packaging

In other news, CAO Charles D. Lischer sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $29.65, for a total value of $355,800.00. Following the sale, the chief accounting officer now owns 49,849 shares in the company, valued at approximately $1,478,022.85. The trade was a 19.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the sale, the executive vice president now owns 81,026 shares of the company’s stock, valued at $2,348,943.74. This trade represents a 24.22 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Graphic Packaging

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its position in Graphic Packaging by 2.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 26,832 shares of the industrial products company’s stock valued at $703,000 after purchasing an additional 519 shares during the period. Natixis Advisors LLC boosted its stake in Graphic Packaging by 4.4% in the second quarter. Natixis Advisors LLC now owns 74,748 shares of the industrial products company’s stock valued at $1,959,000 after acquiring an additional 3,172 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Graphic Packaging by 4.2% during the 2nd quarter. Victory Capital Management Inc. now owns 775,490 shares of the industrial products company’s stock worth $20,326,000 after acquiring an additional 30,920 shares during the period. Arizona State Retirement System raised its position in shares of Graphic Packaging by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 86,028 shares of the industrial products company’s stock valued at $2,255,000 after acquiring an additional 1,918 shares during the last quarter. Finally, Caprock Group LLC lifted its stake in shares of Graphic Packaging by 39.1% in the 2nd quarter. Caprock Group LLC now owns 11,624 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 3,270 shares during the period. Institutional investors and hedge funds 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.