Graphic Packaging (NYSE:GPK) Price Target Lowered to $25.00 at Royal Bank Of Canada

Graphic Packaging (NYSE:GPK) had its price objective reduced by Royal Bank Of Canada from $26.00 to $25.00 in a report published on Wednesday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the industrial products company’s stock.

A number of other research firms have also recently commented on GPK. UBS Group started coverage on Graphic Packaging in a report on Wednesday, June 4th. They set a “neutral” rating and a $24.00 price target on the stock. Truist Financial decreased their price target on Graphic Packaging from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Finally, Raymond James Financial reissued an “outperform” rating and set a $26.00 price target (down from $30.00) on shares of Graphic Packaging in a report on Friday, May 2nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Graphic Packaging currently has a consensus rating of “Hold” and an average target price of $28.40.

Graphic Packaging Trading Up 0.3%

Shares of Graphic Packaging stock opened at $21.28 on Wednesday. The company’s fifty day simple moving average is $23.11 and its 200-day simple moving average is $25.67. The stock has a market capitalization of $6.42 billion, a PE ratio of 10.38, a P/E/G ratio of 3.78 and a beta of 0.74. Graphic Packaging has a 1-year low of $20.86 and a 1-year high of $30.70. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.88 and a quick ratio of 0.73.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Graphic Packaging had a return on equity of 23.68% and a net margin of 7.15%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. As a group, equities analysts anticipate that Graphic Packaging will post 2.47 earnings per share for the current year.

Graphic Packaging announced that its board has authorized a share repurchase program on Thursday, May 1st that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 23.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 5th. Stockholders of record on Sunday, June 15th will be issued a $0.11 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.07%. Graphic Packaging’s dividend payout ratio (DPR) is presently 21.46%.

Institutional Trading of Graphic Packaging

Large investors have recently made changes to their positions in the business. Picton Mahoney Asset Management grew its stake in Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 394 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in Graphic Packaging by 3.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 11,535 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 402 shares in the last quarter. 1620 Investment Advisors Inc. grew its stake in Graphic Packaging by 3.8% in the 4th quarter. 1620 Investment Advisors Inc. now owns 11,163 shares of the industrial products company’s stock worth $303,000 after acquiring an additional 413 shares in the last quarter. Brooklyn Investment Group grew its stake in Graphic Packaging by 69.9% in the 1st quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 438 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC grew its stake in Graphic Packaging by 4.1% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 11,770 shares of the industrial products company’s stock worth $306,000 after acquiring an additional 465 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

About Graphic Packaging

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.