Graphic Packaging Holding (NYSE:GPK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Graphic Packaging Holding (NYSE:GPK) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $31.70.

A number of brokerages recently commented on GPK. Truist Financial lifted their price objective on Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Citigroup reissued a “neutral” rating and issued a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Finally, Robert W. Baird decreased their target price on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Truvestments Capital LLC bought a new position in shares of Graphic Packaging during the third quarter worth about $30,000. Picton Mahoney Asset Management grew its holdings in shares of Graphic Packaging by 55.4% during the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock worth $30,000 after buying an additional 394 shares in the last quarter. Crews Bank & Trust bought a new position in shares of Graphic Packaging during the fourth quarter worth about $32,000. Avior Wealth Management LLC grew its holdings in shares of Graphic Packaging by 2,484.0% during the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock worth $35,000 after buying an additional 1,242 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Graphic Packaging by 92.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock worth $39,000 after buying an additional 689 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Graphic Packaging Stock Up 0.0 %

Shares of Graphic Packaging stock opened at $26.22 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. Graphic Packaging has a 12 month low of $25.13 and a 12 month high of $30.70. The business has a fifty day simple moving average of $27.00 and a 200 day simple moving average of $28.33. The stock has a market cap of $7.87 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. Research analysts predict that Graphic Packaging will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. Graphic Packaging’s dividend payout ratio (DPR) is presently 20.37%.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.