According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “
Several other equities research analysts also recently commented on GPK. The Goldman Sachs Group boosted their target price on Graphic Packaging from $26.00 to $29.00 and gave the stock a buy rating in a report on Wednesday, April 6th. StockNews.com started coverage on Graphic Packaging in a report on Thursday, March 31st. They issued a hold rating on the stock. KeyCorp downgraded Graphic Packaging from a sector weight rating to an underweight rating and set a $17.00 target price on the stock. in a report on Tuesday, January 18th. Mizuho upped their price target on Graphic Packaging from $25.00 to $27.00 in a report on Friday, February 18th. Finally, Robert W. Baird upped their price target on Graphic Packaging from $24.00 to $30.00 and gave the company an outperform rating in a report on Friday, February 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Buy and a consensus price target of $23.91.
Graphic Packaging (NYSE:GPK – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.10. Graphic Packaging had a return on equity of 18.75% and a net margin of 2.85%. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. The firm’s revenue for the quarter was up 36.1% on a year-over-year basis. Equities research analysts expect that Graphic Packaging will post 2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 5th. Shareholders of record on Tuesday, March 15th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Monday, March 14th. Graphic Packaging’s payout ratio is 43.48%.
Institutional investors and hedge funds have recently modified their holdings of the business. CVA Family Office LLC purchased a new stake in Graphic Packaging in the first quarter worth about $31,000. Dark Forest Capital Management LP purchased a new stake in Graphic Packaging in the third quarter worth about $33,000. Covestor Ltd purchased a new stake in Graphic Packaging in the fourth quarter worth about $70,000. Rockefeller Capital Management L.P. increased its position in Graphic Packaging by 30.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,353 shares of the industrial products company’s stock worth $84,000 after buying an additional 1,013 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Graphic Packaging by 20.7% in the third quarter. Van ECK Associates Corp now owns 4,712 shares of the industrial products company’s stock worth $90,000 after buying an additional 808 shares in the last quarter. Institutional investors and hedge funds own 93.08% of the company’s stock.
About Graphic Packaging (Get Rating)
Graphic Packaging Holding Company, together with its subsidiaries, provides fiber-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.
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