Graphic Packaging Holding Company (NYSE:GPK) has been given a consensus recommendation of “Buy” by the twelve ratings firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $15.60.
A number of research analysts recently issued reports on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $15.00 price objective (up previously from $14.00) on shares of Graphic Packaging Holding in a report on Friday, July 14th. Zacks Investment Research lowered shares of Graphic Packaging Holding from a “hold” rating to a “sell” rating in a report on Friday, July 14th. BidaskClub lowered shares of Graphic Packaging Holding from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. DA Davidson assumed coverage on shares of Graphic Packaging Holding in a report on Monday, July 10th. They issued a “buy” rating and a $17.50 price objective for the company. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $15.50 price objective on shares of Graphic Packaging Holding in a report on Friday, June 23rd.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Graphic Packaging Holding by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 25,103,563 shares of the industrial products company’s stock worth $323,083,000 after purchasing an additional 896,031 shares during the last quarter. Boston Partners raised its holdings in Graphic Packaging Holding by 24.7% during the 2nd quarter. Boston Partners now owns 22,667,228 shares of the industrial products company’s stock worth $312,354,000 after purchasing an additional 4,496,306 shares during the last quarter. BlackRock Inc. raised its holdings in Graphic Packaging Holding by 16,552.6% during the 1st quarter. BlackRock Inc. now owns 14,893,409 shares of the industrial products company’s stock worth $191,677,000 after purchasing an additional 14,803,973 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Graphic Packaging Holding by 14.1% during the 1st quarter. Alliancebernstein L.P. now owns 9,567,192 shares of the industrial products company’s stock worth $123,130,000 after purchasing an additional 1,185,918 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Graphic Packaging Holding by 8.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,994,618 shares of the industrial products company’s stock worth $123,946,000 after purchasing an additional 696,161 shares during the last quarter. Hedge funds and other institutional investors own 95.06% of the company’s stock.
Graphic Packaging Holding (NYSE GPK) traded down 1.05% during midday trading on Friday, hitting $13.17. 2,921,705 shares of the company were exchanged. Graphic Packaging Holding has a one year low of $12.00 and a one year high of $14.19. The stock has a market capitalization of $4.08 billion, a PE ratio of 24.43 and a beta of 1.15. The firm’s 50-day moving average price is $13.21 and its 200-day moving average price is $13.34.
Graphic Packaging Holding (NYSE:GPK) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned $0.19 EPS. Equities research analysts anticipate that Graphic Packaging Holding will post $0.68 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.30 annualized dividend and a yield of 2.28%. Graphic Packaging Holding’s payout ratio is 54.55%.
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Graphic Packaging Holding 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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