Truist Financial Issues Pessimistic Forecast for Graphic Packaging (NYSE:GPK) Stock Price

Graphic Packaging (NYSE:GPK) had its target price cut by analysts at Truist Financial from $14.00 to $11.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. Truist Financial’s price target would suggest a potential upside of 15.23% from the company’s current price.

GPK has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Graphic Packaging in a research note on Wednesday, April 1st. They issued a “hold” rating and a $9.60 price objective for the company. Citigroup cut their target price on Graphic Packaging from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday. Robert W. Baird set a $15.00 target price on Graphic Packaging in a research report on Wednesday, February 4th. Royal Bank Of Canada cut their target price on Graphic Packaging from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Friday, March 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Graphic Packaging in a research report on Friday, March 27th. Nine analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Graphic Packaging presently has a consensus rating of “Reduce” and an average price target of $13.73.

Graphic Packaging Trading Down 1.4%

Shares of Graphic Packaging stock opened at $9.55 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.52 and a current ratio of 1.30. Graphic Packaging has a 52 week low of $8.78 and a 52 week high of $25.81. The stock has a 50 day moving average price of $10.75 and a two-hundred day moving average price of $14.23. The stock has a market capitalization of $2.82 billion, a PE ratio of 6.45 and a beta of 0.69.

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

Insider Activity

In related news, CEO Robbert Rietbroek bought 44,278 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were bought at an average price of $11.32 per share, with a total value of $501,226.96. Following the completion of the transaction, the chief executive officer directly owned 44,278 shares in the company, valued at approximately $501,226.96. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.41% of the stock is currently owned by insiders.

Institutional Trading of Graphic Packaging

A number of hedge funds have recently bought and sold shares of GPK. Quarry LP lifted its holdings in Graphic Packaging by 282.0% during the third quarter. Quarry LP now owns 1,547 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 1,142 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Graphic Packaging by 13,971.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,970 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 1,956 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Graphic Packaging during the third quarter worth $31,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Graphic Packaging by 649.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,039 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 1,767 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in Graphic Packaging by 65.2% during the third quarter. Global Retirement Partners LLC now owns 2,291 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 904 shares during the period. 99.67% of the stock is currently owned by institutional investors.

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.