Royal Bank of Canada reissued their buy rating on shares of Graphic Packaging (NYSE:GPK) in a research note issued to investors on Wednesday morning, AnalystRatings.com reports.
Several other research firms have also commented on GPK. Deutsche Bank increased their target price on shares of Graphic Packaging from $15.00 to $17.00 and gave the company a buy rating in a research note on Wednesday, October 23rd. KeyCorp reiterated a hold rating on shares of Graphic Packaging in a research report on Thursday, September 26th. ValuEngine upgraded shares of Graphic Packaging from a sell rating to a hold rating in a research report on Monday, November 4th. Finally, Zacks Investment Research downgraded shares of Graphic Packaging from a buy rating to a hold rating in a research report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $16.00.
Shares of NYSE:GPK traded down $0.19 during trading on Wednesday, reaching $16.50. 2,305,377 shares of the company’s stock traded hands, compared to its average volume of 2,982,945. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.62 and a quick ratio of 0.64. Graphic Packaging has a 12 month low of $10.13 and a 12 month high of $16.80. The company has a 50 day moving average of $16.17 and a 200-day moving average of $14.57. The stock has a market capitalization of $4.84 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37.
Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Graphic Packaging had a net margin of 3.60% and a return on equity of 12.72%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts predict that Graphic Packaging will post 0.87 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be given a $0.075 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.30 dividend on an annualized basis and a yield of 1.82%. Graphic Packaging’s payout ratio is 37.04%.
Hedge funds have recently added to or reduced their stakes in the business. World Asset Management Inc increased its stake in shares of Graphic Packaging by 5.8% during the 3rd quarter. World Asset Management Inc now owns 13,626 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 748 shares during the last quarter. Aperio Group LLC lifted its holdings in Graphic Packaging by 1.2% during the 2nd quarter. Aperio Group LLC now owns 62,660 shares of the industrial products company’s stock valued at $876,000 after purchasing an additional 750 shares during the last quarter. Veritable L.P. lifted its holdings in Graphic Packaging by 11.6% during the 2nd quarter. Veritable L.P. now owns 12,182 shares of the industrial products company’s stock valued at $170,000 after purchasing an additional 1,267 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Graphic Packaging by 64.1% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 4,287 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 1,675 shares during the last quarter. Finally, Whittier Trust Co. lifted its holdings in Graphic Packaging by 1.1% during the 3rd quarter. Whittier Trust Co. now owns 163,410 shares of the industrial products company’s stock valued at $2,410,000 after purchasing an additional 1,733 shares during the last quarter.
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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