Citigroup Trims Graphic Packaging (NYSE:GPK) Target Price to $30.00

Graphic Packaging (NYSE:GPKGet Free Report) had its price objective decreased by equities researchers at Citigroup from $31.00 to $30.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Citigroup’s price objective indicates a potential upside of 18.48% from the stock’s current price.

Several other brokerages have also recently weighed in on GPK. Wells Fargo & Company reiterated an “underweight” rating and set a $21.00 price target on shares of Graphic Packaging in a research note on Monday, April 1st. StockNews.com upgraded shares of Graphic Packaging from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.86.

Read Our Latest Report on GPK

Graphic Packaging Stock Performance

Shares of Graphic Packaging stock traded up $0.05 on Monday, hitting $25.32. 637,979 shares of the company’s stock were exchanged, compared to its average volume of 2,714,699. The company has a 50-day simple moving average of $27.30 and a 200-day simple moving average of $26.73. The stock has a market capitalization of $7.78 billion, a PE ratio of 11.49, a PEG ratio of 9.31 and a beta of 0.85. Graphic Packaging has a 1 year low of $20.07 and a 1 year high of $29.50. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.52 and a current ratio of 1.24.

Graphic Packaging (NYSE:GPKGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Graphic Packaging had a net margin of 7.36% and a return on equity of 32.55%. The company’s revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 EPS. As a group, equities analysts anticipate that Graphic Packaging will post 2.66 EPS for the current year.

Institutional Trading of Graphic Packaging

Institutional investors and hedge funds have recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Graphic Packaging in the 4th quarter valued at $3,110,000. Greenlight Capital Inc. increased its holdings in Graphic Packaging by 32.0% in the 4th quarter. Greenlight Capital Inc. now owns 2,536,100 shares of the industrial products company’s stock valued at $62,515,000 after acquiring an additional 614,490 shares during the last quarter. Harber Asset Management LLC bought a new stake in Graphic Packaging in the 4th quarter valued at $4,412,000. Cozad Asset Management Inc. purchased a new position in shares of Graphic Packaging in the 4th quarter worth $2,196,000. Finally, First Trust Advisors LP grew its stake in shares of Graphic Packaging by 6.5% in the 4th quarter. First Trust Advisors LP now owns 1,004,749 shares of the industrial products company’s stock worth $24,767,000 after buying an additional 61,698 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Graphic Packaging Company Profile

(Get Free Report)

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.

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Analyst Recommendations for Graphic Packaging (NYSE:GPK)

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