Graphic Packaging (GPK) Lifted to “Hold” at Zacks Investment Research

Graphic Packaging (NYSE:GPK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

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. “

Several other equities analysts have also recently weighed in on the company. KeyCorp restated a “hold” rating on shares of Graphic Packaging in a report on Sunday, October 29th. BMO Capital Markets raised their price target on Graphic Packaging from $15.50 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Robert W. Baird raised their price target on Graphic Packaging from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Stephens assumed coverage on Graphic Packaging in a report on Tuesday, October 24th. They set an “overweight” rating and a $17.00 price target for the company. Finally, Royal Bank Of Canada restated a “buy” rating and set a $15.00 price target on shares of Graphic Packaging in a report on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $16.26.

Graphic Packaging (NYSE:GPK) traded up $0.06 during trading hours on Monday, hitting $15.32. The company had a trading volume of 2,352,610 shares, compared to its average volume of 3,948,602. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.50 and a quick ratio of 0.74. Graphic Packaging has a 12-month low of $12.00 and a 12-month high of $15.85. The stock has a market capitalization of $4,726.23, a PE ratio of 25.02, a P/E/G ratio of 4.67 and a beta of 1.19.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Graphic Packaging had a return on equity of 17.27% and a net margin of 3.70%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. research analysts predict that Graphic Packaging will post 0.65 EPS for the current year.

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

Several institutional investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Graphic Packaging by 0.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 61 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Graphic Packaging by 1.6% in the 2nd quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 117 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Graphic Packaging by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 15,270 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 123 shares during the period. Eagle Boston Investment Management Inc. boosted its holdings in shares of Graphic Packaging by 1.5% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 163 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Graphic Packaging by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 774 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

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Graphic Packaging 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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