Graphic Packaging (NYSE:GPK – Get Free Report) had its price objective decreased by equities researchers at Wells Fargo & Company from $10.00 to $9.00 in a report released on Monday, Benzinga reports. The firm currently has an “underweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 5.20% from the company’s current price.
Several other equities analysts have also commented on GPK. UBS Group lowered their target price on Graphic Packaging from $12.00 to $9.50 and set a “neutral” rating for the company in a report on Monday, October 5th. Truist Financial cut their price target on Graphic Packaging from $11.00 to $9.00 and set a “hold” rating on the stock in a report on Monday, October 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Graphic Packaging in a research report on Monday, September 21st. Bank of America lowered their price objective on Graphic Packaging from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, September 11th. Finally, Royal Bank Of Canada dropped their target price on Graphic Packaging from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $10.29.
Read Our Latest Stock Analysis on Graphic Packaging
Graphic Packaging Stock Performance
Shares of Graphic Packaging stock traded down $0.01 during trading hours on Monday, reaching $8.55. The company’s stock had a trading volume of 790,723 shares, compared to its average volume of 6,497,532. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.60 and a current ratio of 1.38. Graphic Packaging has a one year low of $8.15 and a one year high of $18.25. The company’s 50 day simple moving average is $10.02 and its 200 day simple moving average is $10.30. The stock has a market cap of $2.53 billion, a P/E ratio of 12.98 and a beta of 0.66.
Graphic Packaging (NYSE:GPK – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, topping 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 firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. Graphic Packaging’s quarterly revenue was down .7% on a year-over-year basis. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. As a group, analysts expect that Graphic Packaging will post 0.69 EPS for the current fiscal year.
Institutional Investors Weigh In On Graphic Packaging
Several large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Graphic Packaging during the second quarter worth approximately $440,345,000. Manning & Napier Advisors LLC bought a new position in Graphic Packaging in the 2nd quarter worth approximately $88,094,000. Bank of America Corp DE acquired a new stake in Graphic Packaging in the 2nd quarter valued at approximately $45,266,000. Squarepoint Ops LLC boosted its position in Graphic Packaging by 20.3% during the 2nd quarter. Squarepoint Ops LLC now owns 4,155,774 shares of the industrial products company’s stock worth $43,927,000 after acquiring an additional 701,762 shares during the period. Finally, Maple Rock Capital Partners Inc. acquired a new position in Graphic Packaging during the 2nd quarter worth $43,335,000. Institutional investors and hedge funds own 99.67% of the company’s stock.
About Graphic Packaging
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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