Graphic Packaging Holding Company (GPK) Rating Lowered to Sell at Zacks Investment Research

Graphic Packaging Holding Company (NYSE:GPK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “

GPK has been the topic of a number of other reports. Stephens started coverage on shares of Graphic Packaging Holding in a report on Tuesday, October 24th. They issued an “overweight” rating and a $17.00 target price on the stock. KeyCorp restated a “hold” rating on shares of Graphic Packaging Holding in a report on Tuesday, October 10th. 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 restated a “buy” rating and issued a $15.50 target price on shares of Graphic Packaging Holding in a report on Friday, September 1st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $15.00 target price on shares of Graphic Packaging Holding in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Graphic Packaging Holding presently has a consensus rating of “Buy” and a consensus price target of $16.13.

Graphic Packaging Holding (NYSE:GPK) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. Graphic Packaging Holding had a net margin of 3.70% and a return on equity of 17.27%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS.

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In related news, VP Deborah R. Frank sold 38,266 shares of Graphic Packaging Holding stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $15.51, for a total transaction of $593,505.66. Following the completion of the transaction, the vice president now directly owns 77,139 shares of the company’s stock, valued at approximately $1,196,425.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.02% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Graphic Packaging Holding by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 25,103,563 shares of the industrial products company’s stock valued at $323,083,000 after purchasing an additional 896,031 shares in the last quarter. Boston Partners raised its holdings in shares of Graphic Packaging Holding by 2.5% in the 3rd quarter. Boston Partners now owns 23,242,239 shares of the industrial products company’s stock valued at $324,229,000 after purchasing an additional 575,011 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Graphic Packaging Holding by 241.9% in the 3rd quarter. American Century Companies Inc. now owns 15,844,681 shares of the industrial products company’s stock valued at $221,033,000 after purchasing an additional 11,210,161 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Graphic Packaging Holding by 16,552.6% in the 1st quarter. BlackRock Inc. now owns 14,893,409 shares of the industrial products company’s stock valued at $191,677,000 after purchasing an additional 14,803,973 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Graphic Packaging Holding by 8.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,994,618 shares of the industrial products company’s stock valued at $123,946,000 after purchasing an additional 696,161 shares in the last quarter. 94.98% of the stock is owned by institutional investors.

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.

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