Graphic Packaging Holding Company (GPK) Sets New 12-Month High After Analyst Upgrade

Graphic Packaging Holding Company (NYSE:GPK)’s share price hit a new 52-week high during mid-day trading on Thursday after BMO Capital Markets raised their price target on the stock from $15.50 to $17.00. BMO Capital Markets currently has an outperform rating on the stock. Graphic Packaging Holding traded as high as $15.50 and last traded at $15.51, with a volume of 2,231,434 shares trading hands. The stock had previously closed at $15.31.

GPK has been the subject of several other research reports. BidaskClub downgraded Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. KeyCorp reiterated a “hold” rating on shares of Graphic Packaging Holding in a research report on Wednesday, October 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $15.00 price objective (up previously from $14.00) on shares of Graphic Packaging Holding in a research report on Friday, July 14th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $15.00 price objective on shares of Graphic Packaging Holding in a research report on Tuesday, October 10th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Graphic Packaging Holding currently has an average rating of “Buy” and a consensus price target of $16.13.

Hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of Graphic Packaging Holding by 1.6% during the second quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 117 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Graphic Packaging Holding by 0.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 61 shares during the last quarter. Eagle Boston Investment Management Inc. raised its position in shares of Graphic Packaging Holding by 1.5% during the second quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock worth $148,000 after acquiring an additional 163 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of Graphic Packaging Holding during the first quarter worth $140,000. Finally, SG Americas Securities LLC bought a new stake in shares of Graphic Packaging Holding during the first quarter worth $150,000. Institutional investors own 94.97% of the company’s stock.

The stock has a market capitalization of $4.82 billion, a P/E ratio of 28.83 and a beta of 1.16. The firm has a 50 day moving average price of $13.86 and a 200-day moving average price of $13.54.

Graphic Packaging Holding (NYSE:GPK) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.18. Graphic Packaging Holding had a return on equity of 17.50% and a net margin of 3.70%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company earned $0.20 EPS. Graphic Packaging Holding’s revenue was up 3.1% compared to the same quarter last year. Analysts forecast that Graphic Packaging Holding Company will post $0.67 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, September 14th. Graphic Packaging Holding’s payout ratio is 57.69%.

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Graphic Packaging Holding Company Profile

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

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