Graphic Packaging Holding Company (GPK) Given Buy Rating at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their buy rating on shares of Graphic Packaging Holding Company (NYSE:GPK) in a research note issued to investors on Tuesday morning. Royal Bank Of Canada currently has a $15.00 price target on the industrial products company’s stock.

GPK has been the topic of a number of other reports. BidaskClub downgraded shares of Graphic Packaging Holding from a hold rating to a sell rating in a report on Monday, July 31st. BMO Capital Markets reissued a buy rating and issued a $15.50 price target on shares of Graphic Packaging Holding in a report on Friday, September 1st. KeyCorp reissued a hold rating on shares of Graphic Packaging Holding in a report on Wednesday, October 4th. Zacks Investment Research raised shares of Graphic Packaging Holding from a sell rating to a hold rating in a report on Tuesday, September 12th. Finally, DA Davidson reissued a buy rating and issued a $16.50 price target (down from $17.50) on shares of Graphic Packaging Holding in a report on Monday, August 21st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Graphic Packaging Holding currently has an average rating of Buy and a consensus target price of $15.54.

Shares of Graphic Packaging Holding (NYSE:GPK) opened at 14.33 on Tuesday. The firm has a 50-day moving average of $13.44 and a 200 day moving average of $13.43. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 26.59 and a beta of 1.16. Graphic Packaging Holding has a 12-month low of $12.00 and a 12-month high of $14.37.

Graphic Packaging Holding (NYSE:GPK) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $0.19 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts expect that Graphic Packaging Holding will post $0.68 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Graphic Packaging Holding Company (GPK) Given Buy Rating at Royal Bank Of Canada” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/10/11/graphic-packaging-holding-company-gpk-given-buy-rating-at-royal-bank-of-canada.html.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio is currently 54.55%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. grew its position in Graphic Packaging Holding by 0.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 61 shares during the last quarter. Van ECK Associates Corp grew its position in Graphic Packaging Holding by 1.6% during the second quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 117 shares during the last quarter. Neuberger Berman Group LLC grew its position in Graphic Packaging Holding by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 15,270 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 123 shares during the last quarter. Eagle Boston Investment Management Inc. grew its position in Graphic Packaging Holding by 1.5% during the second quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 163 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Graphic Packaging Holding by 6.6% during the second quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 774 shares during the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.

About Graphic Packaging Holding

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.

Analyst Recommendations for Graphic Packaging Holding (NYSE:GPK)

What are top analysts saying about Graphic Packaging Holding Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Graphic Packaging Holding Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit