Graphic Packaging (NYSE:GPK – Free Report) had its target price decreased by Citigroup from $13.00 to $9.00 in a report issued on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the industrial products company’s stock.
A number of other equities analysts have also commented on the stock. Bank of America cut their price objective on shares of Graphic Packaging from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, September 11th. Wells Fargo & Company upped their target price on shares of Graphic Packaging from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Graphic Packaging in a report on Monday, September 21st. UBS Group increased their target price on shares of Graphic Packaging from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada cut their price target on shares of Graphic Packaging from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Graphic Packaging currently has a consensus rating of “Reduce” and an average price target of $11.01.
Read Our Latest Analysis on GPK
Graphic Packaging Stock Performance
Graphic Packaging (NYSE:GPK – Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.18 billion. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%.The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. Research analysts predict that Graphic Packaging will post 0.72 EPS for the current year.
Graphic Packaging Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, September 15th. Graphic Packaging’s dividend payout ratio is 66.67%.
Institutional Investors Weigh In On Graphic Packaging
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bell Investment Advisors Inc bought a new position in shares of Graphic Packaging in the 2nd quarter worth $25,000. Physician Wealth Advisors Inc. raised its position in shares of Graphic Packaging by 2,321.1% during the 1st quarter. Physician Wealth Advisors Inc. now owns 3,220 shares of the industrial products company’s stock valued at $32,000 after buying an additional 3,087 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Graphic Packaging by 1,075.7% during the 2nd quarter. Versant Capital Management Inc now owns 3,480 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 3,184 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Graphic Packaging by 259.4% during the 1st 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 during the last quarter. Finally, Elevation Wealth Partners LLC grew its position in Graphic Packaging by 2,165.1% in the second quarter. Elevation Wealth Partners LLC now owns 4,734 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 4,525 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.
Graphic Packaging Company Profile
Graphic Packaging Holding Company (NYSE: GPK) is a provider of fiber-based packaging solutions for consumer products companies. Through its Graphic Packaging International subsidiary, the company designs and manufactures paperboard cartons, cups, trays and other packaging products used to package food, beverages and household and personal-care products.
The company also supplies packaging machinery and integrated packaging systems, including equipment used to form, fill and seal cartons and cups.
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