Graphic Packaging (NYSE:GPK) Price Target Lowered to $10.00 at Citigroup

Graphic Packaging (NYSE:GPK) had its price target trimmed by Citigroup from $13.00 to $10.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

A number of other equities research analysts have also weighed in on GPK. Royal Bank Of Canada lowered their target price on shares of Graphic Packaging from $13.00 to $10.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Graphic Packaging in a report on Friday, March 27th. Wells Fargo & Company decreased their price objective on shares of Graphic Packaging from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday. UBS Group decreased their price objective on shares of Graphic Packaging from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Finally, Truist Financial set a $14.00 price objective on shares of Graphic Packaging in a research note on Wednesday, February 4th. Nine analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $14.07.

Graphic Packaging Trading Down 0.8%

GPK opened at $9.72 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 0.52. Graphic Packaging has a fifty-two week low of $8.78 and a fifty-two week high of $25.81. The firm has a market capitalization of $2.87 billion, a PE ratio of 6.57 and a beta of 0.69. The company’s 50-day moving average is $10.90 and its 200 day moving average is $14.29.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Monday, March 2nd. The industrial products company reported $0.24 earnings per share for the quarter. Graphic Packaging had a net margin of 5.15% and a return on equity of 16.58%. The company had revenue of $2.10 billion for the quarter. As a group, research analysts predict that Graphic Packaging will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Sunday, March 15th were paid a $0.11 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.44 annualized dividend and a yield of 4.5%. Graphic Packaging’s dividend payout ratio (DPR) is 29.73%.

Insider Buying and Selling

In other news, CEO Robbert Rietbroek acquired 44,278 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was purchased at an average price of $11.32 per share, for a total transaction of $501,226.96. Following the purchase, the chief executive officer owned 44,278 shares in the company, valued at approximately $501,226.96. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.41% of the company’s stock.

Institutional Investors Weigh In On Graphic Packaging

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP grew its position in shares of Graphic Packaging by 282.0% during the 3rd quarter. Quarry LP now owns 1,547 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 1,142 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Graphic Packaging by 13,971.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,970 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 1,956 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Graphic Packaging during the 3rd quarter valued at approximately $31,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Graphic Packaging by 649.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,039 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 1,767 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of Graphic Packaging by 65.2% during the 3rd quarter. Global Retirement Partners LLC now owns 2,291 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 904 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

About Graphic Packaging

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.