Analysts at JPMorgan Chase & Co. started coverage on shares of Graphic Packaging (NYSE:GPK – Get Free Report) in a research report issued on Monday, MarketBeat reports. The brokerage set a “neutral” rating and a $11.70 price target on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 10.64% from the stock’s previous close.
A number of other research firms have also recently commented on GPK. Wells Fargo & Company dropped their price objective on Graphic Packaging from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, April 14th. Truist Financial reduced their target price on Graphic Packaging from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft began coverage on Graphic Packaging in a report on Wednesday, April 1st. They issued a “hold” rating and a $9.60 price objective on the stock. UBS Group increased their target price on shares of Graphic Packaging from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Citigroup raised their price target on shares of Graphic Packaging from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Nine research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $12.26.
Read Our Latest Analysis on Graphic Packaging
Graphic Packaging Price Performance
Graphic Packaging (NYSE:GPK – Get Free Report) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Graphic Packaging had a net margin of 3.17% and a return on equity of 12.62%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Graphic Packaging has set its FY 2026 guidance at 0.750-1.150 EPS. On average, research analysts forecast that Graphic Packaging will post 0.85 earnings per share for the current year.
Insider Buying and Selling at Graphic Packaging
In related news, Director Jeffrey Stafeil bought 17,878 shares of the stock in a transaction dated Thursday, May 7th. The stock was acquired at an average price of $11.19 per share, for a total transaction of $200,054.82. Following the completion of the purchase, the director owned 17,878 shares in the company, valued at $200,054.82. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.
Hedge Funds Weigh In On Graphic Packaging
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP grew its position in Graphic Packaging by 282.0% in the third quarter. Quarry LP now owns 1,547 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 1,142 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Graphic Packaging by 13,971.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,970 shares of the industrial products company’s stock worth $30,000 after buying an additional 1,956 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Graphic Packaging by 649.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,039 shares of the industrial products company’s stock valued at $31,000 after buying an additional 1,767 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in shares of Graphic Packaging by 2,321.1% during the first quarter. Physician Wealth Advisors Inc. now owns 3,220 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 3,087 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Graphic Packaging by 259.4% in the first quarter. Bessemer Group Inc. now owns 4,148 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 2,994 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.
Graphic Packaging Company Profile
Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.
Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.
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