Graphic Packaging (NYSE:GPK – Free Report) had its price target cut by Bank of America from $14.00 to $13.00 in a research report report published on Friday morning,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.
Other research analysts have also issued research reports about the stock. UBS Group lifted their price target on shares of Graphic Packaging from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. started coverage on shares of Graphic Packaging in a report on Monday, June 29th. They set a “neutral” rating and a $11.70 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Graphic Packaging from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Graphic Packaging in a research note on Wednesday, June 24th. Finally, Zacks Research upgraded Graphic Packaging from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Nine research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Graphic Packaging has an average rating of “Reduce” and an average price target of $11.26.
View Our Latest Analysis on Graphic Packaging
Graphic Packaging Price Performance
Graphic Packaging (NYSE:GPK – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%.The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the firm earned $0.42 EPS. Graphic Packaging’s quarterly revenue was down .7% compared to the same quarter last year. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. On average, equities research analysts forecast that Graphic Packaging will post 0.72 earnings per share for the current year.
Graphic Packaging Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, September 15th. Graphic Packaging’s payout ratio is currently 66.67%.
Institutional Trading of Graphic Packaging
A number of hedge funds have recently modified their holdings of the stock. Eminence Capital LP lifted its holdings in Graphic Packaging by 67.5% during the 4th quarter. Eminence Capital LP now owns 12,811,941 shares of the industrial products company’s stock worth $192,948,000 after purchasing an additional 5,163,806 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in Graphic Packaging by 51.7% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 6,195,333 shares of the industrial products company’s stock valued at $93,302,000 after buying an additional 2,111,157 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Graphic Packaging during the 2nd quarter worth $880,000. Bank of America Corp DE increased its position in Graphic Packaging by 16.0% during the 1st quarter. Bank of America Corp DE now owns 3,913,194 shares of the industrial products company’s stock worth $38,897,000 after buying an additional 538,810 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Graphic Packaging during the second quarter worth $7,146,000. Institutional investors and hedge funds own 99.67% of the company’s stock.
Graphic Packaging Company Profile
Graphic Packaging Holding Company, operating through Graphic Packaging International, develops and manufactures fiber-based packaging solutions for consumer packaged goods companies. Its products are used primarily in the food, beverage and household products industries, where packaging is designed to protect products, support branding and improve convenience.
The company’s offerings include folding cartons, paperboard packaging, coated recycled board, paper cups and other foodservice packaging products.
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