Graphic Packaging (NYSE:GPK – Free Report) had its price objective lifted by Royal Bank of Canada from $33.00 to $35.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the industrial products company’s stock.
A number of other research analysts have also recently weighed in on the company. Robert W. Baird lifted their price objective on Graphic Packaging from $30.00 to $36.00 and gave the company an outperform rating in a research report on Wednesday. Citigroup decreased 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. Truist Financial reissued a buy rating and set a $35.00 target price (up previously from $33.00) on shares of Graphic Packaging in a research note on Wednesday. StockNews.com downgraded Graphic Packaging from a buy rating to a hold rating in a research note on Thursday, July 11th. Finally, Stifel Nicolaus started coverage on Graphic Packaging in a research note on Tuesday, July 9th. They set a buy rating and a $35.20 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $31.15.
Read Our Latest Analysis on Graphic Packaging
Graphic Packaging Stock Down 2.1 %
GPK stock opened at $28.93 on Wednesday. Graphic Packaging has a twelve month low of $20.07 and a twelve month high of $30.66. The company has a quick ratio of 0.52, a current ratio of 1.45 and a debt-to-equity ratio of 1.75. The stock has a market cap of $8.68 billion, a P/E ratio of 13.09, a PEG ratio of 5.10 and a beta of 0.84. The business’s 50-day moving average price is $27.38 and its 200-day moving average price is $27.07.
Graphic Packaging (NYSE:GPK – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm earned $0.66 EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis. On average, equities research analysts forecast that Graphic Packaging will post 2.72 EPS for the current year.
Graphic Packaging Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 5th. Shareholders 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 is Friday, September 13th. Graphic Packaging’s payout ratio is 18.10%.
Institutional Trading of Graphic Packaging
Large investors have recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in Graphic Packaging in the 4th quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in Graphic Packaging in the 1st quarter worth approximately $26,000. OLD Point Trust & Financial Services N A bought a new position in shares of Graphic Packaging during the 4th quarter valued at approximately $27,000. LRI Investments LLC bought a new position in shares of Graphic Packaging during the 1st quarter valued at approximately $38,000. Finally, GAMMA Investing LLC bought a new position in shares of Graphic Packaging during the 4th quarter valued at approximately $44,000. 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.
Further Reading
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