Graphic Packaging Holding Company (NYSE:GPK)‘s stock had its “buy” rating restated by stock analysts at Citigroup Inc in a research report issued to clients and investors on Friday, April 14th.
A number of other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Graphic Packaging Holding Company from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. Royal Bank of Canada reissued a “buy” rating and issued a $15.00 price objective on shares of Graphic Packaging Holding Company in a report on Tuesday, April 11th. Bank of America Corp reissued a “buy” rating and issued a $16.30 price objective (up previously from $16.10) on shares of Graphic Packaging Holding Company in a report on Tuesday, February 21st. KeyCorp reissued a “hold” rating on shares of Graphic Packaging Holding Company in a report on Tuesday, February 7th. Finally, Goldman Sachs Group Inc downgraded shares of Graphic Packaging Holding Company from a “conviction-buy” rating to a “buy” rating and set a $15.50 price target for the company. in a report on Friday, January 27th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $15.40.
Shares of Graphic Packaging Holding Company (NYSE:GPK) traded down 0.30% on Friday, hitting $13.35. The company’s stock had a trading volume of 5,134,488 shares. The stock’s 50 day moving average price is $13.46 and its 200 day moving average price is $13.03. Graphic Packaging Holding Company has a 52 week low of $11.95 and a 52 week high of $14.70. The stock has a market capitalization of $4.15 billion, a P/E ratio of 20.51 and a beta of 1.20.
Graphic Packaging Holding Company (NYSE:GPK) last announced its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Graphic Packaging Holding Company had a net margin of 5.30% and a return on equity of 21.46%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business earned $0.20 EPS. Graphic Packaging Holding Company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts forecast that Graphic Packaging Holding Company will post $0.71 earnings per share for the current fiscal year.
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In other Graphic Packaging Holding Company news, Director Harold R. Logan, Jr. sold 9,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $13.54, for a total value of $124,568.00. Following the completion of the transaction, the director now directly owns 48,876 shares in the company, valued at approximately $661,781.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.47% of the company’s stock.
Several large investors have recently bought and sold shares of GPK. BlackRock Inc. boosted its stake in Graphic Packaging Holding Company by 16,552.6% in the first quarter. BlackRock Inc. now owns 14,893,409 shares of the industrial products company’s stock valued at $191,677,000 after buying an additional 14,803,973 shares during the period. Norges Bank bought a new stake in Graphic Packaging Holding Company during the fourth quarter worth approximately $43,660,000. Thrivent Financial for Lutherans boosted its stake in Graphic Packaging Holding Company by 3,978.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,830,860 shares of the industrial products company’s stock worth $22,850,000 after buying an additional 1,785,970 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Graphic Packaging Holding Company by 160.9% in the first quarter. Point72 Asset Management L.P. now owns 2,752,100 shares of the industrial products company’s stock worth $35,420,000 after buying an additional 1,697,100 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in Graphic Packaging Holding Company by 202.6% in the fourth quarter. Two Sigma Investments LP now owns 2,357,641 shares of the industrial products company’s stock worth $29,423,000 after buying an additional 1,578,557 shares during the last quarter. Institutional investors own 92.99% of the company’s stock.
Graphic Packaging Holding Company Company Profile
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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