Graphic Packaging (NYSE:GPK) Lifted to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Graphic Packaging (NYSE:GPKGet Rating) from a hold rating to a strong-buy rating in a report issued on Friday, Zacks.com reports. Zacks Investment Research currently has $25.00 price target on the industrial products company’s stock.

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. “

Other analysts have also issued reports about the stock. Robert W. Baird raised their price objective on shares of Graphic Packaging from $24.00 to $30.00 and gave the company an outperform rating in a research note on Friday, February 18th. Raymond James raised their price objective on shares of Graphic Packaging from $24.50 to $25.50 and gave the company a strong-buy rating in a research note on Monday, April 25th. The Goldman Sachs Group raised their price objective on shares of Graphic Packaging from $26.00 to $29.00 and gave the company a buy rating in a research note on Wednesday, April 6th. KeyCorp lowered shares of Graphic Packaging from a sector weight rating to an underweight rating and set a $17.00 price objective for the company. in a research note on Tuesday, January 18th. Finally, StockNews.com began coverage on shares of Graphic Packaging in a research note on Thursday, March 31st. They set a hold rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of $24.10.

Shares of Graphic Packaging stock opened at $21.80 on Friday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.37 and a quick ratio of 0.54. The company has a 50-day moving average of $20.36 and a 200 day moving average of $19.94. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 0.41 and a beta of 1.09. Graphic Packaging has a 1 year low of $16.94 and a 1 year high of $22.29.

Graphic Packaging (NYSE:GPKGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.10. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.19 billion. Graphic Packaging had a net margin of 3.32% and a return on equity of 22.68%. Graphic Packaging’s quarterly revenue was up 36.1% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. On average, equities analysts anticipate that Graphic Packaging will post 2.13 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 5th. Investors of record on Tuesday, March 15th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, March 14th. Graphic Packaging’s payout ratio is 35.29%.

Several institutional investors and hedge funds have recently bought and sold shares of GPK. Morgan Stanley boosted its holdings in shares of Graphic Packaging by 41.4% in the second quarter. Morgan Stanley now owns 965,843 shares of the industrial products company’s stock worth $17,520,000 after buying an additional 282,968 shares during the last quarter. Raymond James & Associates lifted its holdings in Graphic Packaging by 3.8% during the third quarter. Raymond James & Associates now owns 397,965 shares of the industrial products company’s stock valued at $7,577,000 after purchasing an additional 14,716 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Graphic Packaging during the third quarter valued at approximately $657,000. Van ECK Associates Corp lifted its holdings in Graphic Packaging by 20.7% during the third quarter. Van ECK Associates Corp now owns 4,712 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 808 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in Graphic Packaging by 3.5% during the third quarter. Treasurer of the State of North Carolina now owns 101,660 shares of the industrial products company’s stock valued at $1,936,000 after purchasing an additional 3,429 shares in the last quarter. 93.08% of the stock is currently owned by institutional investors.

Graphic Packaging Company Profile (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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