Graphic Packaging (GPK) Raised to “B-” at TheStreet

TheStreet upgraded shares of Graphic Packaging (NYSE:GPK) from a c+ rating to a b- rating in a research note released on Monday morning, TheStreetRatingsTable reports.

A number of other equities research analysts also recently weighed in on the company. ValuEngine raised Graphic Packaging from a sell rating to a hold rating in a research note on Wednesday. Zacks Investment Research downgraded Graphic Packaging from a strong-buy rating to a hold rating in a research note on Friday, April 19th. Finally, UBS Group assumed coverage on Graphic Packaging in a research note on Friday, January 4th. They set a neutral rating and a $11.50 price target for the company. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $16.31.

GPK opened at $13.70 on Monday. Graphic Packaging has a fifty-two week low of $10.04 and a fifty-two week high of $15.33. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.50 and a quick ratio of 0.64. The stock has a market cap of $3.82 billion, a PE ratio of 16.91, a PEG ratio of 1.18 and a beta of 1.35.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. Graphic Packaging had a return on equity of 11.67% and a net margin of 3.67%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business earned $0.19 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. On average, research analysts forecast that Graphic Packaging will post 0.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Thursday, March 14th. Graphic Packaging’s payout ratio is 37.04%.

In related news, Director Robert Hagemann acquired 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The shares were acquired at an average cost of $12.25 per share, with a total value of $183,750.00. Following the purchase, the director now owns 65,329 shares of the company’s stock, valued at $800,280.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of GPK. JPMorgan Chase & Co. raised its stake in shares of Graphic Packaging by 0.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,525,837 shares of the industrial products company’s stock valued at $105,438,000 after acquiring an additional 52,408 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Graphic Packaging by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,953,138 shares of the industrial products company’s stock valued at $27,363,000 after buying an additional 37,097 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Graphic Packaging in the 3rd quarter valued at approximately $221,000. First Republic Investment Management Inc. acquired a new stake in Graphic Packaging in the 3rd quarter valued at approximately $190,000. Finally, Jane Street Group LLC acquired a new stake in Graphic Packaging in the 3rd quarter valued at approximately $918,000.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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