Graphic Packaging (NYSE:GPK – Free Report) had its target price lowered by Truist Financial from $11.00 to $9.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the industrial products company’s stock.
Several other research analysts also recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Graphic Packaging in a report on Monday, September 21st. Wells Fargo & Company raised their price objective on Graphic Packaging from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Citigroup cut their price objective on Graphic Packaging from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Bank of America reduced their price objective on Graphic Packaging from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, September 11th. Finally, Royal Bank Of Canada reduced their price objective on Graphic Packaging from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Graphic Packaging presently has an average rating of “Reduce” and a consensus price target of $10.40.
Get 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 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The firm’s 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. Research analysts anticipate that Graphic Packaging will post 0.70 EPS for the current fiscal year.
Graphic Packaging Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.44 annualized dividend and a yield of 5.3%. Graphic Packaging’s dividend payout ratio (DPR) is currently 66.67%.
Hedge Funds Weigh In On Graphic Packaging
Several institutional investors and hedge funds have recently added to or reduced their stakes in GPK. Bell Investment Advisors Inc bought a new stake in Graphic Packaging in the second quarter valued at approximately $25,000. Physician Wealth Advisors Inc. raised its holdings in 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 worth $32,000 after purchasing an additional 3,087 shares during the last quarter. Versant Capital Management Inc raised its holdings in 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 purchasing an additional 3,184 shares during the last quarter. Bessemer Group Inc. raised its holdings in 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 purchasing an additional 2,994 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of Graphic Packaging in the 2nd quarter worth approximately $50,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.
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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