Royal Bank Of Canada Issues Pessimistic Forecast for Graphic Packaging (NYSE:GPK) Stock Price

Graphic Packaging (NYSE:GPK) had its price target dropped by investment analysts at Royal Bank Of Canada from $13.00 to $10.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the industrial products company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 12.55% from the stock’s previous close.

GPK has been the topic of several other research reports. Citigroup dropped their price objective on Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. UBS Group decreased their target price on Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Truist Financial set a $14.00 price target on Graphic Packaging in a research note on Wednesday, February 4th. Robert W. Baird set a $15.00 price target on Graphic Packaging in a report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Graphic Packaging in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $16.00.

Graphic Packaging Stock Down 5.1%

Graphic Packaging stock opened at $8.89 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 0.52. The company’s 50-day moving average is $12.75 and its 200-day moving average is $15.60. The firm has a market capitalization of $2.63 billion, a PE ratio of 6.00 and a beta of 0.65. Graphic Packaging has a fifty-two week low of $8.78 and a fifty-two week high of $26.40.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Monday, March 2nd. The industrial products company reported $0.24 earnings per share (EPS) for the quarter. Graphic Packaging had a net margin of 5.15% and a return on equity of 16.58%. The business had revenue of $2.10 billion during the quarter. Sell-side analysts anticipate that Graphic Packaging will post 2.47 earnings per share for the current year.

Insider Buying and Selling at Graphic Packaging

In other news, CEO Robbert Rietbroek purchased 44,278 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average cost of $11.32 per share, with a total value of $501,226.96. Following the acquisition, the chief executive officer owned 44,278 shares in the company, valued at approximately $501,226.96. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.41% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Graphic Packaging by 36.6% during the first quarter. AQR Capital Management LLC now owns 171,608 shares of the industrial products company’s stock worth $4,453,000 after buying an additional 45,944 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Graphic Packaging by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,471,519 shares of the industrial products company’s stock valued at $38,201,000 after acquiring an additional 132,692 shares in the last quarter. ProShare Advisors LLC increased its position in Graphic Packaging by 4.6% during the second quarter. ProShare Advisors LLC now owns 13,379 shares of the industrial products company’s stock worth $282,000 after acquiring an additional 588 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Graphic Packaging by 8.0% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 77,530 shares of the industrial products company’s stock worth $1,634,000 after acquiring an additional 5,767 shares during the period. Finally, SG Americas Securities LLC raised its stake in Graphic Packaging by 310.7% in the 2nd quarter. SG Americas Securities LLC now owns 42,080 shares of the industrial products company’s stock worth $887,000 after purchasing an additional 31,835 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Company Profile

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.