Graphic Packaging (NYSE:GPK) Receives New Coverage from Analysts at Stifel Nicolaus

Equities researchers at Stifel Nicolaus initiated coverage on shares of Graphic Packaging (NYSE:GPKGet Free Report) in a report issued on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $35.20 price target on the industrial products company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 38.15% from the stock’s previous close.

GPK has been the topic of a number of other research reports. Citigroup lowered their price target on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $21.00 target price on shares of Graphic Packaging in a research note on Monday, April 1st. Finally, StockNews.com raised Graphic Packaging from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.78.

Get Our Latest Analysis on GPK

Graphic Packaging Stock Up 0.8 %

Graphic Packaging stock opened at $25.48 on Tuesday. Graphic Packaging has a fifty-two week low of $20.07 and a fifty-two week 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. The company has a market capitalization of $7.83 billion, a P/E ratio of 11.53, a PEG ratio of 9.31 and a beta of 0.85. The stock has a 50-day simple moving average of $27.25 and a 200-day simple moving average of $26.74.

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 (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was down 7.3% on a year-over-year basis. Equities research analysts expect that Graphic Packaging will post 2.66 earnings per share for the current year.

Institutional Trading of Graphic Packaging

Large investors have recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. grew its stake in shares of Graphic Packaging by 5.5% during the fourth quarter. Raleigh Capital Management Inc. now owns 8,420 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 436 shares in the last quarter. Clear Harbor Asset Management LLC lifted its position in shares of Graphic Packaging by 1.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 33,310 shares of the industrial products company’s stock worth $821,000 after purchasing an additional 506 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Graphic Packaging by 1.7% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 35,752 shares of the industrial products company’s stock worth $881,000 after purchasing an additional 594 shares during the last quarter. Seelaus Asset Management LLC lifted its position in shares of Graphic Packaging by 2.4% during the fourth quarter. Seelaus Asset Management LLC now owns 26,627 shares of the industrial products company’s stock worth $656,000 after purchasing an additional 619 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its position in shares of Graphic Packaging by 1.8% during the first quarter. Benjamin Edwards Inc. now owns 42,360 shares of the industrial products company’s stock worth $1,236,000 after purchasing an additional 764 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

About Graphic Packaging

(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.

Featured Stories

Analyst Recommendations for Graphic Packaging (NYSE:GPK)

Receive News & Ratings for Graphic Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging and related companies with MarketBeat.com's FREE daily email newsletter.