Analysts Set Graphic Packaging Holding Company (NYSE:GPK) Target Price at $22.63

Shares of Graphic Packaging Holding Company (NYSE:GPK) have been assigned an average rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $22.6250.

GPK has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Graphic Packaging from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Graphic Packaging in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Citigroup cut their price target on shares of Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Royal Bank Of Canada lowered shares of Graphic Packaging from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $25.00 to $21.00 in a report on Thursday, October 9th.

Graphic Packaging Price Performance

GPK stock opened at $15.55 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.56 and a current ratio of 1.43. The firm has a 50 day moving average price of $18.09 and a 200-day moving average price of $20.79. Graphic Packaging has a 52-week low of $14.90 and a 52-week high of $30.49. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 8.79 and a beta of 0.72.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%.The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.17 billion. Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. Equities research analysts forecast that Graphic Packaging will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling at Graphic Packaging

In other news, EVP Joseph P. Yost sold 30,000 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $22.72, for a total transaction of $681,600.00. Following the transaction, the executive vice president directly owned 255,203 shares of the company’s stock, valued at $5,798,212.16. This represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.41% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Graphic Packaging

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in Graphic Packaging by 54.7% in the second quarter. GAMMA Investing LLC now owns 5,841 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 2,065 shares during the last quarter. Advocate Group LLC raised its stake in Graphic Packaging by 16.2% during the 2nd quarter. Advocate Group LLC now owns 290,184 shares of the industrial products company’s stock valued at $6,114,000 after buying an additional 40,466 shares during the last quarter. Terra Alpha Investments LLC lifted its holdings in shares of Graphic Packaging by 74.7% during the 2nd quarter. Terra Alpha Investments LLC now owns 83,929 shares of the industrial products company’s stock valued at $1,768,000 after buying an additional 35,883 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Graphic Packaging by 21.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 434,871 shares of the industrial products company’s stock worth $9,163,000 after buying an additional 77,162 shares during the last quarter. Finally, Howard Capital Management Group LLC grew its holdings in shares of Graphic Packaging by 2.8% in the second quarter. Howard Capital Management Group LLC now owns 1,056,963 shares of the industrial products company’s stock worth $22,270,000 after acquiring an additional 29,215 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Company Profile

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.